Babcock & Wilcox (BW) AI Ride Propels 191% Jump This Year

Babcock & Wilcox Enterprises Inc. (NYSE:BW) is one of the 11 Stocks With 3x-5x Returns This Year.

Babcock & Wilcox has seen its stock price climb by 191 percent year-to-date as investors cheered its increasing role in the artificial intelligence (AI) sector with the development of a $2.4 billion power generation project for a major AI infrastructure operator.

Last month, the company officially secured the green light for the construction of a 1.2-gigawatt power generation project for Base Electron—a company backed by Applied Digital Corp., primarily intended to support the latter’s power needs for its AI factory campuses.

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Photo by Matthew Henry on Unsplash

Under the agreement, Babcock & Wilcox Enterprises Inc. (NYSE:BW) will engineer, procure, and construct four natural gas-fired boilers and steam turbine generator systems capable of powering 300 megawatts, with the help of Siemens Energy, which will design and supply the steam turbine generator sets.

“Receiving full notice to proceed for this $2.4 billion project further underscores the strategic role B&W plays in supporting the rapidly expanding power needs of large‑scale AI data centers,” Babcock & Wilcox Enterprises Inc. (NYSE:BW) Chairman and CEO Kenneth Young said.

“Our natural gas-fired boilers and related technologies—as well as steam turbines supplied through an agreement with Siemens Energy—provide the reliable, high‑capacity energy generation on a schedule that is required for the grid today,” he added.

In other news, Babcock & Wilcox Enterprises Inc. (NYSE:BW) narrowed its net loss attributable to shareholders last year 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.

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