SEC Form SC 13G/A filed by Babcock & Wilcox Enterprises Inc. (Amendment)

9/11/23 8:23:55 AM ET

Building Products

Industrials

Get the next $BW alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.3 BABCOCK &WILCOX ENTERPRISES INC COMMON STOCK Cusip #05614L209 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #05614L209 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 8,041,073 Item 6: 0 Item 7: 8,041,891 Item 8: 0 Item 9: 8,041,891 Item 11: 9.027% Item 12: HC Cusip #05614L209 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 8,041,891 Item 8: 0 Item 9: 8,041,891 Item 11: 9.027% Item 12: IN Item 1(a). Name of Issuer: BABCOCK &WILCOX ENTERPRISES INC Item 1(b). Address of Issuer's Principal Executive Offices: 1200 E. MARKET STREET, SUITE 650 AKRON, OH 44305 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 05614L209 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 8,041,891 (b) Percent of Class: 9.027% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 8,041,891 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of BABCOCK &WILCOX ENTERPRISES INC. No one other person's interest in the COMMON STOCK of BABCOCK &WILCOX ENTERPRISES INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. September 8, 2023 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification Fidelity Management & Research Company LLC * IA Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on September 8, 2023, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of BABCOCK &WILCOX ENTERPRISES INC at August 31, 2023. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $BW alert in real time by email

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

SEC Form SC 13G/A filed by Babcock & Wilcox Enterprises Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for $BW

$BW Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Moeller Philip D bought $22,000 worth of shares (20,000 units at $1.10), increasing direct ownership by 30% to 85,774 units (SEC Form 4)

Salamone Louis Jr bought $4,080 worth of shares (4,000 units at $1.02), increasing direct ownership by 0.63% to 636,711 units (SEC Form 4)

Young Kenneth M bought $30,001 worth of shares (29,229 units at $1.03) (SEC Form 4)

$BW Market Insights

Live Market Insights

Craig-Hallum Maintains Hold on Babcock & Wilcox, Raises Price Target to $2

Babcock & Wilcox Enterprises shares are trading higher after the company announced that it has sold its Denmark-based Babcock & Wilcox Renewable Service A/S subsidiary to Zurich, Switzerland-based Hitachi Zosen Inova AG for $87M

Why Babcock & Wilcox Shares Are Surging Today

$BW Leadership Updates

Live Leadership Updates

Babcock & Wilcox Enterprises, Inc. Appoints Dr. Naomi Boness (Ph.D.) to Board of Directors

$BW Press Releases

Fastest customizable press release news feed in the world

Babcock & Wilcox Announces Closing of Previously Announced Sale of its Italian and Swedish Businesses

Babcock & Wilcox Sets Third Quarter 2024 Conference Call and Webcast for Tuesday, November 12, 2024 at 5 p.m. ET

Babcock & Wilcox Reaches Agreement to Sell its Italian and Swedish Businesses

$BW SEC Filings

Babcock & Wilcox Enterprises Inc. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Other Events, Regulation FD Disclosure, Financial Statements and Exhibits

Babcock & Wilcox Enterprises Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

Babcock & Wilcox Enterprises Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Leadership Update, Financial Statements and Exhibits

$BW Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

General Counsel & Secretary Dziewisz John J sold $2,870 worth of shares (2,733 units at $1.05), decreasing direct ownership by 1% to 217,521 units (SEC Form 4)

Chief Financial Officer Salamone Louis Jr exercised 33,334 shares at a strike of $1.18 and covered exercise/tax liability with 10,116 shares, increasing direct ownership by 4% to 681,986 units (SEC Form 4)

Senior Vice President Riker Christopher S exercised 10,000 shares at a strike of $1.18 and covered exercise/tax liability with 4,535 shares, increasing direct ownership by 6% to 92,171 units (SEC Form 4)

$BW Large Ownership Changes

This live feed shows all institutional transactions in real time.

$BW Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

SEC Form SC 13G filed by Babcock & Wilcox Enterprises Inc.

Amendment: SEC Form SC 13D/A filed by Babcock & Wilcox Enterprises Inc.

Amendment: SEC Form SC 13D/A filed by Babcock & Wilcox Enterprises Inc.

Babcock & Wilcox Enterprises downgraded by Craig Hallum with a new price target

Craig Hallum initiated coverage on Babcock & Wilcox Enterprises with a new price target

Credit Suisse reiterated coverage on Babcock & Wilcox with a new price target

$BW Financials

Live finance-specific insights

Babcock & Wilcox Sets Third Quarter 2024 Conference Call and Webcast for Tuesday, November 12, 2024 at 5 p.m. ET

Babcock & Wilcox Enterprises Reports Second Quarter 2024 Results, Earnings Growth Driven By Strong Operating Performance

Babcock & Wilcox Sets Second Quarter 2024 Conference Call and Webcast for Thursday, August 8, 2024 at 5 p.m. ET

Recent Analyst Ratings for
$BW

$BW
Insider Purchases

$BW
Market Insights

$BW
Leadership Updates

$BW
Press Releases

$BW
SEC Filings

$BW
Insider Trading

$BW
Large Ownership Changes

$BW
Analyst Ratings

$BW
Financials