Babcock & Wilcox Enterprises, Inc. (BW)
Babcock & Wilcox Enterprises, Inc. (BW) specializes in providing energy and environmental technologies, primarily focusing on power generation, industrial, and renewable energy markets. The company designs, manufactures, and services steam generation systems, including boilers for the utility, industrial, and municipal sectors, as well as providing environmental equipment to reduce emissions. Babcock & Wilcox has a long history of innovation in the energy sector, emphasizing clean energy solutions and sustainable power generation.
Company News
The global pressure vessels market is projected to grow from $50.3 billion in 2023 to $62.7 billion by 2028, with a 4.5% CAGR, driven by increasing global energy demand and industrial applications across power generation, oil & gas, and chemical sectors.
Babcock & Wilcox is selling its Diamond Power International business to ANDRITZ for $177 million, aiming to recapitalize for future growth and focus on its BrightLoop hydrogen and steam production technologies.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Babcock & Wilcox (BW) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
B. Riley's delayed filing of its 10-K raises concerns, but the company has a reasonable explanation and the filing is expected soon. Read more here.
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