5 Stocks Gaining Momentum Fast

1. Babcock & Wilcox Enterprises Inc. (NYSE:BW)

Babcock & Wilcox soared by as much as 44.4 percent week-on-week, even hitting a new 7-year high on Friday, as investors took path from an investment firm’s 70-percent price target upgrade for its stock.

Earlier in the week, Northland raised its price target for the stock to $17 from $10 previously, while keeping an “outperform” rating.

It said that the revision was to better reflect what the firm sees as the value in relation to the long-term potential of building new power assets.

Babcock & Wilcox Enterprises Inc. (NYSE:BW) earlier this month said that it has officially secured the green light for the development of a $2.4 billion power generation project for Base Electron to supply power to Applied Digital Corp.’s AI factory campuses.

Under the agreement, Babcock & Wilcox Enterprises Inc. (NYSE:BW) will engineer, procure, and construct four 300-MW natural gas-fired boilers and steam turbine generator systems for Base Electron, a company backed by Applied Digital.

Meanwhile, it tapped Siemens Energy to design and supply the steam turbine generator sets.

In other news, Babcock & Wilcox Enterprises Inc. (NYSE:BW) announced a strong earnings performance last year, with net loss attributable to shareholders shrinking by 39 percent to $36.2 million from $59.9 million in 2024. Revenues inched up by 1.1 percent to $587.7 million from $581 million year-on-year.

While we acknowledge the potential of BW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BW and that has 100x upside potential, check out our report about the cheapest AI stock.

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