Welcome to our dedicated page for Babcock & Wilcox Enterprises I news (Ticker: BW), a resource for investors and traders seeking the latest updates and insights on Babcock & Wilcox Enterprises I stock.
Babcock & Wilcox Enterprises, Inc. (BW) is an Akron, Ohio‑based energy technology company that focuses on energy and environmental products and services for power and industrial markets worldwide. Its news flow reflects activities across its B&W Renewable, B&W Environmental, and B&W Thermal segments, as well as capital markets events and corporate governance developments.
Visitors to this BW news page can review company announcements about project awards, technology deployments, and strategic agreements. Recent press releases include contracts for advanced low‑pressure Wet Gas Scrubbing technology at a Canadian petroleum refinery, boiler refurbishment and equipment installation for a Canadian pulp and paper mill, and service work at a U.S. coal‑fired power plant to install replacement steam and reheat piping. These items illustrate how Babcock & Wilcox applies its steam generation and environmental control capabilities in real‑world projects.
The company also reports news related to carbon capture and AI data center power projects, such as limited notices to proceed for its SolveBright CO₂ capture system at a U.S. power plant and agreements to design and install natural gas‑fired power plants using proven boiler and steam turbine configurations for AI factories and data centers. In addition, investors can follow updates on at‑the‑market equity offerings, redemption of senior notes, and other financing activities disclosed through press releases and related SEC filings.
Corporate and investor‑relations news items include participation in conferences like the Needham Growth Conference and the B. Riley Convergence Conference, as well as announcements about board and executive transitions. This news page brings together these disclosures so that readers can review how Babcock & Wilcox communicates its project pipeline, technology focus, financing actions, and leadership changes over time.
Babcock & Wilcox Enterprises (NYSE: BW) closed an underwritten public offering on February 12, 2021, raising approximately $172.5 million from the sale of 29,487,180 shares at $5.85 each. Additionally, it issued $125 million of 8.125% senior notes due 2026, generating combined net proceeds of about $283 million. The capital will reduce secured debt and fund clean energy initiatives. The company also exchanged $35 million in loans for senior notes, lowering interest rates from 12% to 6.625%. Both offerings are rated BB+ by Egan-Jones Ratings Company.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $13 million for its Environmental segment. This contract involves the design, supply, and installation of a flue gas energy recovery system and advanced water treatment equipment for a waste-to-energy plant in Europe. The project aims to enhance energy recovery and reduce water consumption through the implementation of advanced technologies, including the B&W Vølund AB flue gas condenser and heat pump system. These initiatives support B&W's commitment to providing low-emissions energy solutions across Europe.
Babcock & Wilcox Enterprises (NYSE: BW) announced a public offering of $120 million in 8.125% senior notes due 2026, pricing on February 10, 2021, with expected closing on February 12, 2021. The company secured a BB+ rating for the notes and plans to list them on NYSE under symbol BWSN. Concurrently, B. Riley Financial is exchanging $35 million of its term loan for the same amount in senior notes. Proceeds will fund clean energy initiatives and reduce the revolving credit facility by 75% of the senior note value.
Babcock & Wilcox Enterprises (NYSE: BW) has priced a public offering of 25,641,026 shares at $5.85 each, raising approximately $150 million. The offering is set to close on February 12, 2021. The company plans to utilize the proceeds for clean energy growth initiatives and to reduce its revolving credit facility. The offering will be conducted under an SEC-approved registration statement. B. Riley Securities is the lead manager, with D.A. Davidson & Co. and Janney Montgomery Scott as joint managers.
Babcock & Wilcox Enterprises (NYSE: BW) has initiated a public offering of $110 million in senior notes due 2026. The offering, subject to market conditions, includes a 30-day option for underwriters to purchase additional notes. Proceeds will support clean energy initiatives, pay down the revolving credit facility, and reduce its size by 75% of the senior note value. The notes received a BB+ rating from Egan-Jones Ratings Company. The offering will adhere to the SEC’s shelf registration statement procedures.
Babcock & Wilcox Enterprises (NYSE: BW) announced a public offering of its common stock, granting underwriters a 30-day option for an additional 15% of shares. Proceeds will support clean energy initiatives and pay down revolving credit. B. Riley Financial will purchase approximately 10.7 million shares from Vintage Capital Management post-offering. The offering is under a shelf registration statement and conducted by B. Riley Securities as the lead manager. The company emphasizes that market conditions will influence the offering's actual size and completion timelines.
Babcock & Wilcox Enterprises (NYSE: BW) reported preliminary results for Q4 and FY 2020, highlighting a challenging year due to COVID-19. The company anticipates adjusted EBITDA of $45.1 million for the full year and $16.1 million for Q4, alongside a net income loss of $12.5 million. Despite these setbacks, BW secured $645 million in bookings and saw a 21.3% increase in backlog, totaling $535 million at year-end. The company has made significant progress in cost reductions, with $127 million in savings identified. Looking ahead, BW aims for adjusted EBITDA targets of $70-$80 million and $95-$105 million for 2021 and 2022, respectively.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $15 million to design and supply two package boilers for a new desalination plant. These high-temperature, high-pressure, natural gas-fired boilers will generate steam for a municipal facility serving residents and local businesses. B&W's COO highlighted the company's advanced boiler technologies and their suitability for diverse applications. With over 5,000 installed units and 150 years of experience, B&W Thermal's products are recognized for reliability and efficiency, tailored for various operational requirements.
Babcock & Wilcox (BW) has secured two new contracts totaling $10 million as part of its growth initiatives in Asia and the Middle East. The company aims to leverage its advanced environmental technologies to enhance operational efficiency and sustainability. These projects involve the design and supply of SPIG S.p.A. cooling systems, targeting industrial applications while addressing environmental impact and operational safety. The company's addressable market in these regions is projected to reach $12 billion over the next three years.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $10 million with Cabot Corporation to supply environmental technologies aimed at reducing sulfur oxides emissions at its carbon black manufacturing site in Ville Platte, Louisiana. The project encompasses the design and provision of a wet flue gas desulfurization system, featuring an advanced gas distribution tray, along with advisory services for installation and commissioning. B&W Environmental's extensive expertise in emissions control technology reinforces its commitment to helping clients fulfill stringent environmental regulations.