Babcock & Wilcox Enterprises I Stock Price, News & Analysis

Babcock & Wilcox (NYSE: BW) has secured a $7 million order for equipment and services from a utility customer in Southeast Asia. The project focuses on the design, supply, installation, and commissioning of boiler cleaning equipment as part of an upgrade. This initiative is aligned with B&W's growth strategy in the Asia-Pacific region, where the company has enhanced resources since establishing its regional headquarters last year. B&W aims to target markets including renewable energy, environmental services, and industrial sectors.

Babcock & Wilcox (NYSE: BW) has secured a $10 million contract for ash-handling equipment installation to ensure environmental compliance for a U.S. power plant. The installation includes Allen-Sherman-Hoff® Submerged Grind Conveyors, offering a cost-effective solution without the need to displace existing equipment. B&W's engineering team emphasizes their capability for comprehensive project execution. This contract highlights the company's commitment to supporting clean energy initiatives and meeting complex environmental requirements.

Babcock & Wilcox (NYSE: BW) has successfully acquired a majority stake in Illinois-based Fosler Construction Company Inc., now operating as Fosler Solar. This acquisition aims to enhance B&W's renewable energy segment, with Fosler Solar expected to significantly contribute to the company's growth in the U.S. solar market. Fosler, recognized as one of the fastest-growing solar service firms, will continue to be led by its CEO, Paul Fosler, who remains a minority stakeholder. Fosler Solar specializes in commercial, industrial, and utility-scale solar services.

Babcock & Wilcox (NYSE: BW) has secured an award exceeding $38 million to provide waste-to-energy technologies for municipal projects in East Asia. The B&W Renewable segment will supply its Vølund DynaGrate^® combustion grates and advanced waste-to-energy boilers, capable of processing around 2 million tons of municipal waste annually. CEO Jimmy Morgan emphasized the importance of clean energy solutions in Asia and the company's commitment to enhancing renewable energy offerings in the region, aligning with their growth strategy.

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) has signed a definitive agreement to acquire VODA A/S, a leading aftermarket parts and service provider for the waste-to-energy and biomass-to-energy markets. The acquisition, set to close by the end of October 2021, aims to bolster B&W's Renewable segment in Europe. B&W plans to integrate VODA’s services into a new entity, B&W Renewable Service, enhancing its market presence and operational capabilities. This strategic move is expected to create synergies and growth opportunities in the rapidly expanding renewable energy market.

Babcock & Wilcox (NYSE: BW) has secured a $35 million contract from Greenland’s ESANI A/S to supply advanced equipment for new waste-to-energy facilities in Nuuk and Sisimiut. These facilities will transform municipal waste into energy, combatting greenhouse gas emissions by eliminating methane from landfills. Scheduled for completion in 2023 and 2024, the project highlights B&W's commitment to combat climate change. The company is also exploring additional opportunities in Europe, Asia, and North America, reinforcing the global demand for waste-to-energy technology.

Babcock & Wilcox Enterprises (NYSE: BW) will present at D.A. Davidson’s 20th Annual Diversified Industrials & Services Conference on September 22-23, 2021. The presentation is scheduled for September 22 at 8 a.m. Eastern Time, featuring CEO Kenneth Young and CFO Louis Salamone. The virtual event invites leading companies in industrial technology and related sectors, including panel discussions and one-on-one meetings. For more information or to schedule a meeting, contact ECM-Events@dadco.com or 1-800-755-7848.

Babcock & Wilcox (NYSE: BW) has announced a definitive agreement to acquire a 60% stake in Fosler Construction, a leading provider of solar construction services in Illinois. This strategic acquisition aims to enhance B&W's capabilities in the solar energy sector and capitalize on a robust project pipeline exceeding 1 gigawatt. The transaction is expected to close by the end of September 2021, pending customary conditions. Fosler Construction will remain under the leadership of CEO Paul Fosler, who will retain a minority stake, and will enhance B&W's renewable segment.

Babcock & Wilcox Enterprises (NYSE: BW) will participate in Lake Street’s Fifth Annual Best Ideas Growth (BIG5) Conference on September 14-15, 2021. Kenneth Young, CEO, and Louis Salamone, CFO, will hold one-on-one meetings during the event. The conference gathers executives from over 100 public growth companies, providing a platform for interaction with institutional investors. This invitation-only event showcases dynamic public companies and aims to enhance investor engagement.