Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and environmental technologies and services for the power and industrial markets worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal. The Babcock & Wilcox Renewable segment offers technologies for waste-to-energy and biomass energy systems, as well as black liquor systems for the pulp and paper industry. This segment provides technologies support solutions for diverting waste from landfills to use for power generation and replacing fossil fuels while recovering metals and reducing emissions. The Babcock & Wilcox Environmental segment offers a range of emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black, and industrial steam generation applications. This segment provides systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control. The Babcock & Wilcox Thermal segment offers steam generation equipment; aftermarket parts; and construction, maintenance, and field services for plants in the power generation, oil and gas, and industrial sectors. This segment has an installed equipment for utilities and general industrial applications, including refining, petrochemical, food processing, metals, and others. Babcock & Wilcox Enterprises, Inc. was founded in 1867 and is headquartered in Akron, Ohio.
IPO Year: 2015
Exchange: NYSE
Website: babcock.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/10/2023 | $10.00 → $2.00 | Buy → Hold | Craig Hallum |
| 7/19/2022 | $11.00 | Buy | Craig Hallum |
| 9/9/2021 | $0.73 → $6.00 | Underperform | Credit Suisse |
Craig-Hallum analyst Aaron Spychalla maintains Babcock & Wilcox (NYSE:BW) with a Hold and raises the price target from $1.5 to $2.
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) shares are trading higher after the company inked a deal to sell its Denmark-based subsidiary, Babcock & Wilcox Renewable Service A/S, to Hitachi Zosen Inova for $87 million. BWRS, which employs more than 160 people and provides aftermarket parts and services for waste-to-energy plants in northern Europe and the U.K., was transferred to HZI. This transaction aligns with the company’s strategy to divest non-core businesses and assets. The company plans to use proceeds to reduce debt, increase liquidity, and support working capital. Also Read: Babcock & Wilcox Bags $246M Fuel-Switching Project: Details The company reiterated the full yea
Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE:BW) announced today that it has sold its Denmark-based Babcock & Wilcox Renewable Service A/S (BWRS) subsidiary to Zurich, Switzerland-based Hitachi Zosen Inova AG (HZI) for $87 million, subject to customary fees and adjustments. BWRS, which employs more than 160 people and provides aftermarket parts and services for waste-to-energy plants in northern Europe and the UK, was transferred to HZI upon closing on Friday, June 28, 2024. "This transaction aligns with our previously announced intention to strategically sell certain non-core businesses and assets, and proceeds will be used to reduce our debt, increase our liquidity a
Babcock & Wilcox (B&W) (NYSE:BW) announced today that it has been granted a limited notice to proceed (LNTP) by NorthStar Clean Energy to begin work on a Bioenergy with Carbon Capture and Storage (BECCS) conversion of a former coal-fired power plant in Filer City, Mich., using B&W's biomass SolveBright™ post-combustion carbon dioxide (CO2) capture technology. B&W is working with NorthStar Clean Energy to finalize the full contract in alignment with an extensive front end engineering and design study conducted by B&W for the project. The LNTP allows B&W to begin detailed design and procurement work while the parties finalize the contract. Full notice to proceed is expected in the fourth quar
Gainers Getaround (NYSE:GETR) stock rose 17.0% to $0.21 during Friday's pre-market session. The market value of their outstanding shares is at $19.7 million. SOS (NYSE:SOS) stock moved upwards by 9.0% to $0.92. The market value of their outstanding shares is at $11.2 million. AgEagle Aerial Sys (AMEX:UAVS) shares increased by 8.16% to $0.68. The company's market cap stands at $8.0 million. Babcock & Wilcox (NYSE:BW) stock moved upwards by 7.96% to $1.22. The company's market cap stands at $108.4 million. Satellogic (NASDAQ:SATL) stock moved upwards by 6.41% to $1.16. The market value of their outstanding shares is at $107.3 million. Applied UV (NASDAQ:AUVIP) shares rose 6.12% to $1.56.
Babcock & Wilcox (B&W) (NYSE:BW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded U.S. power plant outage and rebuild work valued at more than $20 million.
Kenneth Young, B&W's Chairman and Chief Executive Officer. "Despite what has historically been a seasonally softer period for our business, customer activity across all segments remains robust, reinforcing our positive outlook for 2024. We recently increased our full-year Adjusted EBITDA guidance to a range of $105 million to $115 million, excluding BrightLoop and ClimateBright expenses, following stronger-than-expected signings and commitments during the first quarter of 2024. Our commitment to operational excellence remains strong, as we continue to focus on strategically investing in future growth through our ClimateBright decarbonization platform and BrightLoop hydrogen generation techno
Babcock & Wilcox (NYSE:BW) reported quarterly losses of $(0.22) per share which missed the analyst consensus estimate of $(0.14) by 57.14 percent. This is a 22.22 percent decrease over losses of $(0.18) per share from the same period last year. The company reported quarterly sales of $207.600 million which beat the analyst consensus estimate of $206.675 million by 0.45 percent. This is a 13.97 percent decrease over sales of $241.300 million the same period last year.
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Babcock & Wilcox (B&W) (NYSE:BW) announced today that its B&W Thermal business segment has received full notice to proceed under an agreement for a coal-to-natural gas conversion project at AES Indiana's Petersburg Generating Station valued at approximately $246 million. B&W previously announced that it had received a limited notice to proceed for this project, with the full notice to proceed expected in the fourth quarter 2024. This project will help AES Indiana phase out the use of coal and reduce carbon dioxide emissions by converting the 1,160-megawatt Petersburg plant's two coal-fired boilers to use natural gas as fuel. The B&W Thermal business will design and install the plant's n
Announced divestiture of two assets as we continue to pursue strategic sales and debt refinancing to further improve the balance sheet and support future growth Announced total YTD implied bookings of $810.5 million, including $543.9 million of bookings, a 27% increase compared to same period of 2023 Excluding divestitures, announced implied backlog of $628.2 million, which includes $361.6 million of backlog, a 48% increase compared to the same period of 2023 Received final approval to proceed on a previously announced $246 million natural gas conversion project in Indiana as of November 2024 Began ramp up to BrightLoop™ project in Massillon, Ohio targeted to produce hydrog
Babcock & Wilcox (B&W) (NYSE:BW) announced today that it has been awarded a contract to conduct a full-scale feasibility study of its SolveBright™ carbon dioxide (CO2) capture technology to be integrated into Mälarenergi AB's waste-to-energy plant in Västerås, Sweden. Mälarenergi's goal is to capture 400,000 tonnes of CO2 emissions annually, permanently store the CO2 and achieve carbon neutrality by 2035. B&W's SolveBright scrubbing system is a post-combustion carbon capture technology that absorbs CO2 directly from a plant's flue gas in an absorber using a regenerable solvent. "We're pleased to collaborate with Mälarenergi on this feasibility study to demonstrate how B&W's advanced Solv
Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE:BW) announced the closing of the previously announced sale of the Italy-based SPIG S.p.A. (SPIG) group of companies and Sweden-based Babcock & Wilcox Vølund AB — formerly known as Götaverken Miljö AB (GMAB) — to AUCTUS Capital Partners AG for approximately $40 million, subject to customary adjustments and expenses. About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com. Forward-Looking Statements B&W cautions that this release contain
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the "Company") will host a conference call and webcast on Tuesday, November 12, 2024 at 5 p.m. ET. B&W Chairman and Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Louis Salamone will discuss the Company's third quarter 2024 results. A news release detailing the results is expected to be issued after the market closes on the day of the conference call and webcast. The listen-only audio of the conference call will be broadcast live via the Internet on B&W's Investor Relations site. The dial-in number for participants in the U.S. is (833) 470-1428; the dial-in number for participants in Canada is (833) 950-0062; the
- B&W to receive approximately $40 million in cash at closing, subject to customary adjustments and expenses - Action aligns with company's stated strategy to reduce long-term debt and optimize capital structure Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE:BW) announced today it has reached an agreement to sell its Italy-based SPIG S.p.A. (SPIG) group of companies and Sweden-based Babcock & Wilcox Vølund AB formerly known as Götaverken Miljö AB (GMAB) to funds managed by AUCTUS Capital Partners AG, a European private equity firm, for approximately $40 million, subject to customary adjustments and expenses. The deal is expected to close at the end of October and is sub
Babcock & Wilcox (B&W) (NYSE:BW) announced today that it has been awarded a contract to conduct front-end engineering and design (FEED) for Varme Energy Inc.'s ("Varme Energy") planned waste-to-energy with carbon capture and sequestration project in Alberta, Canada. As part of the contract, B&W will conduct engineering and design for the plant's waste-fired boiler, emissions control technologies and post-combustion carbon capture system. "This initial engineering contract is an important first step in what we anticipate will be an exciting, large-scale municipal waste-to-energy with carbon capture and sequestration project," said B&W Chief Operating Officer Jimmy Morgan. "We're pleased
Babcock & Wilcox (B&W) (NYSE:BW) announced today that its B&W Environmental business segment has been awarded a contract for more than $8 million to design and supply a cooling system for a U.K. renewable energy facility. B&W Environmental will supply a SPIG® air-cooled condenser (ACC) for the plant, which will generate low-carbon baseload electricity. The SPIG ACC utilizes an advanced, high-efficiency design which is ideal for renewable energy applications. "We are glad to be a part of this important clean energy project," said Jimmy Morgan, B&W Executive Vice President and Chief Operating Officer. "This project demonstrates B&W Environmental's key position as a trusted solutions provi
Revenue of $233.6 million, Net Income of $25.4 million, and Operating Income of $42.2 million, which exceeded expectations Adjusted EBITDA of $23.3 million, $24.6 million excluding BrightLoopTM and ClimateBrightTM expenses, ahead of expectations Reiterate Full Year 2024 Adjusted EBITDA target range of $105.0 million to $115.0 million, excluding BrightLoop and ClimateBright expenses Improved balance sheet and liquidity through sale of B&W's Denmark renewable service subsidiary for net cash proceeds of $83.5 million Announced backlog of $472.4 million and implied backlog of $757.8 million in project opportunities Announced total YTD bookings of $383.1 million and implied booki
Babcock & Wilcox (B&W) (NYSE:BW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded a $25 million contract for boiler upgrades, pressure part replacements and other outage and maintenance services at a U.S. thermal power plant. BWCC will execute the work during the plant's Fall 2024 outage. "The coal power fleet provides approximately 20 percent of electrical power in the U.S. and is a critical source of baseload energy," said BWCC Vice President and General Manager Mike Hidas. "BWCC is focused on ensuring the nation's energy security as we help our customers keep their baseload generating assets operating reliably and at peak efficiency." "Our experie
As Managing Director of the Natural Gas Initiative at Stanford University and Co-Managing Director of the Stanford Hydrogen Initiative, Dr. Boness brings extensive expertise in hydrogen and energy Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that Dr. Naomi Boness (Ph.D.) has been appointed to its Board of Directors, increasing the size of the Board to seven members. Dr. Boness is the Managing Director of the Natural Gas Initiative at Stanford University and Co-Managing Director of the Stanford Hydrogen Initiative. An experienced energy sector expert, she is focused on using her background in reservoir geophysics and technoeconomic modeling to develop technology sol
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Craig Hallum downgraded Babcock & Wilcox Enterprises from Buy to Hold and set a new price target of $2.00 from $10.00 previously
Craig Hallum initiated coverage of Babcock & Wilcox Enterprises with a rating of Buy and set a new price target of $11.00
Credit Suisse reiterated coverage of Babcock & Wilcox with a rating of Underperform and set a new price target of $6.00 from $0.73 previously
Lake Street initiated coverage of Babcock & Wilcox Enterprises with a rating of Buy and set a new price target of $12.00
DA Davidson initiated coverage of Babcock & Wilcox with a rating of Buy and set a new price target of $10.00
B. Riley Securities initiated coverage of Babcock & Wilcox Enterprises with a rating of Buy and set a new price target of $12.00
Announced divestiture of two assets as we continue to pursue strategic sales and debt refinancing to further improve the balance sheet and support future growth Announced total YTD implied bookings of $810.5 million, including $543.9 million of bookings, a 27% increase compared to same period of 2023 Excluding divestitures, announced implied backlog of $628.2 million, which includes $361.6 million of backlog, a 48% increase compared to the same period of 2023 Received final approval to proceed on a previously announced $246 million natural gas conversion project in Indiana as of November 2024 Began ramp up to BrightLoop™ project in Massillon, Ohio targeted to produce hydrog
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the "Company") will host a conference call and webcast on Tuesday, November 12, 2024 at 5 p.m. ET. B&W Chairman and Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Louis Salamone will discuss the Company's third quarter 2024 results. A news release detailing the results is expected to be issued after the market closes on the day of the conference call and webcast. The listen-only audio of the conference call will be broadcast live via the Internet on B&W's Investor Relations site. The dial-in number for participants in the U.S. is (833) 470-1428; the dial-in number for participants in Canada is (833) 950-0062; the
Revenue of $233.6 million, Net Income of $25.4 million, and Operating Income of $42.2 million, which exceeded expectations Adjusted EBITDA of $23.3 million, $24.6 million excluding BrightLoopTM and ClimateBrightTM expenses, ahead of expectations Reiterate Full Year 2024 Adjusted EBITDA target range of $105.0 million to $115.0 million, excluding BrightLoop and ClimateBright expenses Improved balance sheet and liquidity through sale of B&W's Denmark renewable service subsidiary for net cash proceeds of $83.5 million Announced backlog of $472.4 million and implied backlog of $757.8 million in project opportunities Announced total YTD bookings of $383.1 million and implied booki
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the "Company") expects to host a conference call and webcast on Thursday, August 8, 2024 at 5 p.m. ET. B&W Chairman and Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Louis Salamone will discuss the Company's second quarter 2024 results. A news release detailing the results is expected to be issued after the market closes on the day of the conference call and webcast. The listen-only audio of the conference call will be broadcast live via the Internet on B&W's Investor Relations site. The dial-in number for participants in the U.S. is (833) 470-1428; the dial-in number for participants in Canada is (833) 950-006
Exceeded expectations with Revenue of $207.6 million and Operating Income of $4.3 million Increased Full Year 2024 Adjusted EBITDA target range to $105.0 million to $115.0 million, excluding BrightLoopTM and ClimateBrightTM expenses Announced 2024 contract signings and awards of approximately $500.0 million, nearly double the amount in the same period last year Announced backlog of $532.8 million and implied backlog of $826.4 million in project opportunities Achieved annualized cost savings of approximately $20.0 million to date related to strategic business realignment progressing toward stated target of over $30.0 million Q1 2024 Continuing Operations Highlights and Outloo
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the "Company") expects to host a conference call and webcast on Thursday, May 9, 2024 at 5 p.m. ET. B&W Chairman and Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Louis Salamone will discuss the Company's first quarter 2024 results. A news release detailing the results is expected to be issued after the market closes on the day of the conference call and webcast. The listen-only audio of the conference call will be broadcast live via the Internet on B&W's Investor Relations site. The dial-in number for participants in the U.S. is (833) 470-1428; the dial-in number for participants in Canada is (833) 950-0062; t
Revenues from Continued Operations increased 18% Year over Year, led by double-digit revenue growth across all business segments Reiterates Full Year 2024 Adjusted EBITDA target of $100.0 million to $110.0 million, excluding BrightLoopTM and ClimateBrightTM expenses Completed new $150 million Senior Secured Credit Facility; Reaffirmed Credit Rating of BB+ Awarded $16.0 million grant from the Wyoming Energy Authority, advancing the development of a 15 tonnes per day BrightLoop clean hydrogen generation facility with CO2 capture with Black Hills Energy Expanded pipeline to over $9.0 billion in identified global project opportunities, including over $1.5 billion in BrightLoop and
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the "Company") expects to host a conference call and webcast on Thursday, March 14, 2024 at 5 p.m. ET. B&W Chairman and Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Louis Salamone will discuss the Company's fourth quarter and full year 2023 results. A news release detailing the results is expected to be issued after the market closes on the day of the conference call and webcast. The listen-only audio of the conference call will be broadcast live via the Internet on B&W's Investor Relations site. The dial-in number for participants in the U.S. is (833) 470-1428; the dial-in number for participants in Canada is
Improved continuing operations revenues and adjusted EBITDA compared to the third quarter of 2022, led by Thermal Revenues increasing 17% Announced a commitment for a $150 million Senior Secured Credit facility refinancing Signed memorandum of understanding "MoU" for up to 200 tonnes per day of Hydrogen offtake in Louisiana with CO2 capture over a 10-year period Appointed Dr. Naomi Boness (Ph.D.) to Board of Directors, strengthening the Company's expertise in hydrogen generation and carbon capture Announced strategic business realignment focused on higher margin aftermarket businesses and more predictable cash flows to improve the balance sheet and better position the Company f
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the "Company") expects to host a conference call and webcast on Thursday, November 9, 2023 at 5 p.m. ET. B&W Chairman and Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Louis Salamone will discuss the Company's third quarter 2023 results. A news release detailing the results is expected to be issued after the market closes on the day of the conference call and webcast. The listen-only audio of the conference call will be broadcast live via the Internet on B&W's Investor Relations site. The dial-in number for participants in the U.S. is (833) 470-1428; the dial-in number for participants in Canada is (833) 950-00