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Babcock & Wilcox Enterprises Inc - BW STOCK NEWS

Welcome to our dedicated news page for Babcock & Wilcox Enterprises (Ticker: BW), a resource for investors and traders seeking the latest updates and insights on Babcock & Wilcox Enterprises.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Babcock & Wilcox Enterprises's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Babcock & Wilcox Enterprises's position in the market.

News
Babcock & Wilcox Awarded Approximately $15 Million Contract to Supply Environmental Equipment for Middle East Industrial Plant
Rhea-AI Summary
Babcock & Wilcox (BW) has secured a $15 million contract to supply environmental equipment for an industrial plant in the Middle East. The company's Environmental segment continues to be a key player in providing solutions for various industries, including power generation, oil and gas, and petrochemicals.
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Babcock & Wilcox Awarded Contract to Upgrade Renewable Energy Boilers in Southeast Asia
Rhea-AI Summary
Babcock & Wilcox (BW) has been awarded a $7 million contract to upgrade waste-fueled boilers in Southeast Asia, based on a successful FEED study. The project aims to increase steam production capacity, efficiency, and reduce emissions, showcasing BW's expertise in the renewable energy sector.
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Babcock & Wilcox Announces Increased Full-Year Adjusted EBITDA Target of $105 Million to $115 Million, New Contracts and Awards of Approximately $500 Million Year-to-Date
Rhea-AI Summary
Babcock & Wilcox Enterprises, Inc. (BW) announced year-to-date contract signings and awards of approximately $500 million, nearly doubling the amount from the previous year. The company raised its Full-Year 2024 Adjusted EBITDA target to $105-115 million, excluding certain expenses, due to increased demand in power generation, environmental technologies, and renewable energy projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.63%
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Babcock & Wilcox Receives Contracts Totaling $24 Million for Three Middle East Industrial Boilers
Rhea-AI Summary
Babcock & Wilcox (BW) secures contracts worth $24 million to provide industrial boilers and equipment for petrochemical facilities in the Middle East and Central Asia, showcasing the company's growth and demand for its products and services in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.35%
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Babcock & Wilcox Signs Agreement for Power Plant Fuel-Switching Project Valued at Approximately $246 Million
Rhea-AI Summary
Babcock & Wilcox (BW) secures a $246 million agreement for a coal-to-natural gas conversion project for a North American power plant, with strong financial performance expected in 2024. The project involves converting two coal-fired boilers to natural gas, showcasing B&W's expertise in fuel-switching projects and advanced technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.01%
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Babcock & Wilcox Enterprises Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Babcock & Wilcox Enterprises, Inc. (BW) reported an 18% increase in revenues from Continued Operations year over year, backed by double-digit growth in all business segments. The company reiterated its Full Year 2024 Adjusted EBITDA target of $100.0 million to $110.0 million. BW completed a new $150 million Senior Secured Credit Facility and received a $16.0 million grant from the Wyoming Energy Authority. The company expanded its pipeline to over $9.0 billion in global project opportunities, achieved annualized cost savings of over $19.0 million, and reported Q4 2023 Continuing Operations Financial Highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.66%
Tags
earnings
News
Babcock & Wilcox Sets Fourth Quarter and Full Year 2023 Conference Call and Webcast for Thursday, March 14, 2024 at 5 p.m. ET
Rhea-AI Summary
Babcock & Wilcox Enterprises, Inc. (BW) will host a conference call to discuss Q4 and full year 2023 results. The call will feature Chairman Kenneth Young and CFO Louis Salamone. The results will be released after market close on March 14, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
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Babcock & Wilcox Canada Awarded $13 Million Contract to Supply Equipment and Services to Reduce Environmental Emissions from North American Petroleum Refinery
Rhea-AI Summary
Babcock & Wilcox Enterprises, Inc. (BW) subsidiary, B&W Canada, secures a $13 million contract to supply equipment and services for a petroleum refinery in North America to comply with environmental regulations. The project includes high-efficiency burners and a flue gas recirculation system to reduce NOx emissions, showcasing B&W's commitment to environmental sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.69%
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Babcock & Wilcox Awarded Utility-Scale Solar EPC Contracts Totaling 75 Megawatts in Pennsylvania
Rhea-AI Summary
Babcock & Wilcox Solar Energy, Inc. (B&W Solar) has been awarded contracts by Cypress Creek Renewables, LLC to implement three utility-scale photovoltaic solar power installations totaling 75 megawatts in western Pennsylvania. Each solar installation will be capable of generating approximately 25 megawatts of clean, zero-carbon energy, creating nearly 90 construction jobs. Site work for the first project began in November 2023, and work for the second and third projects is scheduled to begin in March 2024. All three facilities are anticipated to be operational in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.48%
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News
Babcock & Wilcox and Black Hills Energy Receive State of Wyoming Grant to Develop a Low-Carbon Hydrogen Facility Using BrightLoop™ Technology
Rhea-AI Summary
Babcock & Wilcox (BW) and Black Hills Energy have received a $16 million grant from the Wyoming Energy Authority to fund the development of a clean hydrogen generation facility with CO2 capture and sequestration at Black Hills Energy’s Neil Simpson Power Plant in Wyoming. The plant will use B&W’s BrightLoop™ technology to produce 15 tons of clean hydrogen per day, supporting Wyoming’s clean energy efforts. The project aims to combat climate change and create jobs in the energy industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.77%
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Babcock & Wilcox Enterprises Inc

NYSE:BW

BW Rankings

#4306 Ranked by Market Cap
#4626 Ranked by Stock Gains
N/A Ranked by Dividends

BW Stock Data

93.95M
58.11M
5.93%
82.8%
5.4%
Heating Equipment (except Warm Air Furnaces) Manufacturing
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About BW

headquartered in charlotte, n.c., babcock & wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. b&w companies employ approximately 6,000 people around the world.