Babcock & Wilcox Enterprises I Stock Price, News & Analysis

Babcock & Wilcox Enterprises (NYSE: BW) announced the completion of a public offering of $140 million in senior notes due 2026, with net proceeds of approximately $134 million. The funds will be utilized for general corporate purposes, including potential acquisitions and clean energy initiatives. The Senior Notes received a BB+ rating from Egan-Jones Ratings Company and will trade under the symbol 'BWNB' starting December 17, 2021. The offering was conducted under a shelf registration statement filed with the SEC.

Babcock & Wilcox (NYSE: BW) and its subsidiary Fosler Solar showcased the Gar Creek solar project to U.S. Department of Energy Secretary Jennifer Granholm in Kankakee, Illinois. This 4.8-megawatt project is set to provide clean energy for nearly 1,000 residents, creating approximately 45 union jobs during construction. The initiative, part of the Illinois Solar for All program, aims to give low-income households better access to renewable energy, promising significant savings on energy bills. The project is anticipated to be completed in Q1 2022.

Babcock & Wilcox Enterprises has announced a public offering of $140 million in 6.50% senior notes due 2026, with an option for underwriters to purchase an additional $21 million. The offering, closing on December 13, 2021, aims to finance general corporate purposes such as acquisitions and clean energy initiatives. These notes are rated BB+ by Egan-Jones and will be listed on NYSE under the symbol ‘BWNB’. The company has effective shelf registration for the notes filed with the SEC.

Babcock & Wilcox (NYSE: BW) has secured a $24 million contract for a new waste-to-energy project in Europe. The project aims to reduce reliance on coal, processing 29 tons of waste per hour through advanced technologies, including the patented DynaGrate combustion system. This initiative will economically generate clean power and diminish net carbon dioxide emissions. The company anticipates growing interest in its solutions for clean energy and emissions reduction, reflecting a positive outlook for future opportunities in the renewable market.

Babcock & Wilcox Enterprises (NYSE: BW) has launched an underwritten public offering of $125 million in senior notes due 2026. The offering is subject to market conditions, and underwriters may purchase additional notes. The proceeds will be utilized for general corporate purposes, including potential acquisitions and clean energy initiatives. Both Babcock & Wilcox and the senior notes received a BB+ rating from Egan-Jones Ratings Company. The offering is registered under Form S-3 with the SEC, with terms and interest rates set at pricing.

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) has completed its acquisition of VODA A/S, enhancing its renewable energy services in Europe. This strategic move aims to strengthen B&W's capabilities in waste-to-energy and biomass sectors while integrating VODA's experienced team. The acquisition supports the company's plans to expand its renewable service business across various industries. B&W Renewable provides sustainable power and heat generation solutions, reinforcing its position in the energy market.

Babcock & Wilcox (NYSE: BW) has secured a $58 million contract to supply technology for a waste-to-energy power plant in Europe. This initiative will divert 435,000 tons of waste from landfills, reducing methane emissions while providing renewable energy for approximately 95,000 homes. The project highlights B&W Renewable's DynaGrate technology, known for its efficiency and low emissions. The company's strategy focuses on expanding renewable energy solutions as global efforts to decrease reliance on fossil fuels increase.

Babcock & Wilcox (BW) reported strong Q3 2021 results, with revenues of $160 million, a 20.7% increase year-over-year. Net income reached $13.6 million, translating to earnings per share of $0.12. New bookings totaled $194 million, with expected Q4 bookings between $250 million and $300 million. The company raised its 2022 adjusted EBITDA target to $110-$120 million, supported by an ongoing $6.5 billion project pipeline. Noteworthy acquisitions include a controlling stake in Fosler Construction and a planned purchase of VODA A/S, enhancing BW's renewable service capabilities.

Babcock & Wilcox (NYSE: BW) has secured a $5 million contract to supply a SPIG S.p.A cooling system for a petrochemical facility in the Middle East. The cooling tower aims to enhance propane dehydrogenation and polypropylene production while minimizing environmental impact through reduced water usage and liquid discharge. COO Jimmy Morgan highlighted the growing demand for environmental technologies in the region, indicating B&W's intent to expand its business within the petrochemical sector.