In today’s briefing:
- IEX Ltd: Over-Reaction on Market Coupling?
- Baker Hughes Breaks Into Booming Data & Clean Energy Markets—Is Oil Just the Beginning?
- Cleveland-Cliffs: An Insight Into Its Vertical Integration Efforts & Domestic Independence!
- Halliburton Company: Will The Management Focus on Artificial Lift & Related Technologies Support Its Overall Growth?
- Sherwin-Williams Is Slashing Capex—Is a Massive Growth Rebound on the Horizon?
IEX Ltd: Over-Reaction on Market Coupling?
- This week, the CERC issued the order on market coupling for DAM across all the Indian Power Exchanges. Now, a single uniform market clearing price will be determined centrally.
- Shares of Indian Energy Exchange Ltd (IEX IN) have reacted negatively to this development. Management’s stance on market share remains positive even though there is uncertainty involved.
- Investors should also consider structural drivers like rising electricity demand, low exchange penetration, strong user loyalty, and positive performance of IGX platform while evaluating IEX’s long-term prospects.
Baker Hughes Breaks Into Booming Data & Clean Energy Markets—Is Oil Just the Beginning?
- Baker Hughes Company demonstrated a strong performance in its second quarter of 2025, showing resilience and adaptability in a shifting macroeconomic and industry landscape.
- The company’s adjusted EBITDA rose to $1.21 billion, reflecting a 170 basis point improvement in margins compared to the previous year, driven by effective cost management and improved operational execution.
- This marks the 10th consecutive quarter of meeting or exceeding midpoint EBITDA guidance, emphasizing a consistent streak of reliable financial performance which indicates strong execution across its segments despite broader industry challenges.
Cleveland-Cliffs: An Insight Into Its Vertical Integration Efforts & Domestic Independence!
- Cleveland-Cliffs recently reported its second-quarter financial results for 2025, showcasing a mixed set of outcomes that highlight both strategic progress and ongoing challenges.
- The company achieved significant operational efficiency, increasing its adjusted EBITDA by $271 million compared to the previous quarter.
- This improvement was driven by higher shipment volumes, enhanced production efficiency, and strategic cost-cutting initiatives.
Halliburton Company: Will The Management Focus on Artificial Lift & Related Technologies Support Its Overall Growth?
- Halliburton’s second quarter of 2025 presented a mixed financial and operational performance, with notable challenges and some opportunities.
- Despite volatile commodity markets and global economic uncertainties, the company reported a 2% increase in total revenue, reaching $5.5 billion compared to the first quarter of 2025.
- Operating income totaled $727 million, yielding an operating margin of 13%.
Sherwin-Williams Is Slashing Capex—Is a Massive Growth Rebound on the Horizon?
- Sherwin-Williams Company’s second-quarter 2025 earnings report reflects a mixed financial performance amidst a challenging economic environment.
- Despite ongoing market turbulence, the company continues to pursue its long-term strategic goals with some degree of success, but also faces significant near-term challenges.
- On the positive side, Sherwin-Williams reported consolidated sales within its guided range, buoyed by growth in its Paint Stores Group, although this was partially offset by declines in its other segments.
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