Welcome to our dedicated page for Babcock & Wilcox Enterprises news (Ticker: $BW), a resource for investors and traders seeking the latest updates and insights on Babcock & Wilcox Enterprises stock.
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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.
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End-of-Day
-6.77%
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Babcock & Wilcox Enterprises, Inc. (BW) has entered into a new three-year senior secured credit agreement with Axos Bank, providing an asset-based revolving credit facility of up to $150 million. The refinancing is expected to save the company approximately $4 million in annual interest costs. Additionally, the company and its Senior Unsecured Notes received a reaffirmed credit rating of 'BB+' from the Egan-Jones Ratings Company.
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Rhea-AI Sentiment
End-of-Day
3.91%
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Babcock & Wilcox Enterprises, Inc. (BW) has been invited to participate at Janney Montgomery Scott’s Inaugural Clean Energy Investment Symposium at Tulane University, New Orleans, LA, on December 5-6, 2023. B&W management will be hosting one-on-one and small group meetings with investors during the conference.
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Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) appoints Dr. Naomi Boness to its Board of Directors. Dr. Boness brings extensive expertise in hydrogen and energy from her roles at Stanford University and Chevron, reinforcing B&W's focus on hydrogen generation and decarbonization technologies. Her addition is expected to play a critical role in B&W's future business strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
31%
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Babcock & Wilcox Enterprises, Inc. (BW) reported improved revenues and adjusted EBITDA in Q3 2023, driven by a 17% increase in Thermal Revenues. The company also announced a $150 million Senior Secured Credit facility refinancing, a memorandum of understanding for hydrogen offtake in Louisiana, and a strategic business realignment to focus on higher margin aftermarket businesses. They anticipate annualized cost savings of over $30 million and are considering strategic alternatives for non-strategic assets. Despite net loss, they updated their backlog growth and Full Year 2023 and 2024 Adjusted EBITDA targets.
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Rhea-AI Sentiment
End-of-Day
-54.55%
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Babcock & Wilcox Enterprises, Inc. to host conference call and webcast to discuss Q3 2023 results
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-4.47%
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Babcock & Wilcox Canada Corp. has been awarded an $11 million utility plant maintenance contract from Newfoundland and Labrador Hydro for its Holyrood Thermal Generating Station.
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Rhea-AI Sentiment
End-of-Day
2.35%
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Babcock & Wilcox Enterprises, Inc. (B&W) has been awarded environmental equipment contracts worth over $11 million. The contracts include supplying two replacement wet electrostatic precipitators (ESPs) and rebuilding a wet ESP for three U.S. industrial facilities. B&W's wet ESPs are customizable for various applications and can provide effective flue gas pretreatment for post-combustion CO2 capture systems. The company is seeing increased interest in this technology as emissions requirements tighten worldwide. B&W also offers upgrades, components, and services for efficient equipment operation.
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Rhea-AI Sentiment
End-of-Day
-4.31%
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Babcock & Wilcox Enterprises, Inc. is participating in upcoming conferences: the 7th Annual Lake Street Best Ideas Growth Conference and the 22nd Annual D.A. Davidson Diversified Industrials & Services Conference.
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Rhea-AI Sentiment
End-of-Day
4.76%
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Babcock & Wilcox Enterprises, Inc. (B&W) has been awarded a $9 million contract for an air-cooled condenser system in the U.K. for a waste-to-energy facility. This contract highlights the strong market for B&W Environmental's cooling technologies in Europe, particularly for renewable energy projects. The SPIG air-cooled condenser system offers significant environmental benefits and can operate in extreme temperature conditions. This contract is expected to positively impact B&W's stock price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
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Babcock & Wilcox Enterprises, Inc.
NYSE:BW
BW Rankings
BW Stock Data
96.64M
58.11M
5.93%
82.8%
5.4%
Heating Equipment (except Warm Air Furnaces) Manufacturing
Manufacturing
United States of America
AKRON
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.