Babcock & Wilcox Enterprises I Stock Price, News & Analysis

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.

Babcock & Wilcox Enterprises (NYSE: BW) will present at the 10th Annual Gateway Conference on September 9, 2021, at 11:30 a.m. Eastern time. The presentation, featuring CEO Kenneth Young and CFO Louis Salamone, will be available via a live webcast and for replay. The Gateway Conference connects management teams from nearly 800 growth companies with institutional investors, analysts, and investment bankers. For more details, visit the Gateway Conference website or contact B&W's investor relations.

Babcock & Wilcox Enterprises (NYSE: BW) has announced the appointment of Kim Bredahl as Senior Vice President of B&W Renewable, effective September 1, 2021. This strategic addition aims to enhance the company's renewable energy initiatives as the demand for sustainable energy solutions rises. Bredahl brings over 30 years of experience in the energy sector, particularly in waste-to-energy project development. His expertise will support the growth of B&W's innovative technologies in waste-to-energy and biomass energy fields, aligning with the company's circular economy goals.

Babcock & Wilcox Enterprises (NYSE: BW) is set to participate in the Seaport Research Partners Annual Summer Investor Conference on August 24-25, 2021. CEO Kenneth Young and CFO Louis Salamone will conduct one-on-one meetings during the event. This conference will feature over 100 management teams and 250 institutional investors engaging in various meetings. B&W is a leader in energy and environmental products and services, headquartered in Akron, Ohio. For more details or to schedule a meeting, interested parties can contact CorporateAccess@seaportrp.com.

Babcock & Wilcox Enterprises (NYSE: BW) will participate in the B. Riley Securities Summer Summit on August 18-19, 2021, at the Proper Hotel in Santa Monica, California. CEO Kenneth Young and CFO Louis Salamone will conduct one-on-one meetings throughout the event. Interested parties can request an invitation or schedule a meeting by emailing 1on1@brileyfin.com.

The summit aims to connect investors with select companies highlighted by B. Riley's equity research team.

Babcock & Wilcox Enterprises (BW) reported a strong Q2 2021, achieving revenues of $202.9 million, a 49.8% increase year-over-year. Key performance indicators included an increase in adjusted EBITDA to $15.1 million, up from $1.7 million in Q2 2020. Despite COVID-19 challenges, the company is advancing its clean energy initiatives, with a project pipeline exceeding $6 billion. Recent financing agreements and a reduction of secured debt by over $347 million bolster BW's growth strategies. The firm anticipates 3-5 new renewable build bookings in 2021.