As Chart Industries navigates the final stages of its multi-billion dollar acquisition by Baker Hughes, a significant change in its executive leadership has been announced. The dual developments of a CEO departure and the pending merger are central factors for investors evaluating the company’s equity.
The stock has demonstrated notable stability, trading around $205. This places it only marginally below the $210 per share acquisition bid presented by Baker Hughes in July 2025.
Financial Performance and Market Consensus
Recent quarterly results, released in late October 2025, fell short of market expectations. Adjusted earnings per share came in at $2.78, missing the analyst consensus estimate of $3.10. Revenue of $1.1 billion also lagged behind the projected $1.18 billion. In light of the impending takeover, Chart Industries withdrew its full-year financial guidance for 2025.
Analyst sentiment largely mirrors the acquisition price. The median price target over the past six months sits at $210.00, aligning precisely with the Baker Hughes offer. Since the start of 2025, the shares have recorded a gain of 8.46 percent (as of December 16, 2025).
Should investors sell immediately? Or is it worth buying Chart Industries?
Executive Change During Critical Merger Phase
On November 17, 2025, Chart Industries disclosed that President and CEO Jill Evanko will step down from her roles on January 6, 2026, to join a private company. Evanko, who has led the firm since June 2018, was instrumental in steering its strategic focus toward growth sectors including carbon capture and data centers. She will remain with Chart Industries as a Senior Advisor until the Baker Hughes acquisition is finalized to ensure a seamless transition. The board intends to appoint an interim CEO from within the company’s ranks prior to her departure.
This leadership transition occurs during a pivotal phase of the planned merger. Chart Industries shareholders overwhelmingly approved the $13.6 billion all-cash offer on October 6, 2025. Subject to regulatory approvals, the transaction is expected to close by mid-2026, substantially expanding Baker Hughes’ portfolio within the LNG, hydrogen, and industrial gas sectors.
The coming months will be defined by two key milestones: the appointment of an interim CEO at Chart Industries and the finalization of the acquisition by mid-2026. The current share price suggests the market has largely priced in the merger and now anticipates an orderly completion of the remaining steps.
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