Babcock & Wilcox (BW) Soars to 7-Year High on Strong Revenues

Babcock & Wilcox Enterprises Inc. (NYSE:BW) is one of the 10 Stocks With Easy Double-Digit Returns.

Babcock & Wilcox soared to a new seven-year high on Monday, as investors cheered the company’s strong revenues for the first quarter of the year, as well as its upbeat outlook for its business, saying that the booming demand from AI data centers has “set the course for future growth.”

In intra-day trading, Babcock & Wilcox Enterprises Inc. (NYSE:BW) climbed to its highest price of $18.99 before trimming gains to finish the session just up by 30.06 percent at $18.91 apiece.

Photo by Tima Miroshnichenko on Pexels

In an updated report, the company grew its revenues by 44 percent to $214.4 million from only $148.6 million in the same period last year, beating Wall Street consensus, on the back of strong interest from new AI data centers and hyperscaler customers.

However, net loss attributable to shareholders expanded by 249 percent to $76.9 million from only $22 million in the same comparable period.

Commenting on the performance, Babcock & Wilcox Enterprises Inc. (NYSE:BW) Chairman and CEO Kenneth Young said that the results reflect a strong global demand for the company’s technologies, combined with the increased demand for power generation, which gives a solid foundation for continued growth.

“Our global pipeline increased by 17 percent and now exceeds $14 billion in project opportunities due to this surging demand,” he noted.

It can be recalled that Babcock & Wilcox Enterprises Inc. (NYSE:BW) earlier this year bagged a $2.4-billion power generation project from Base Electron—an independent power producer backed by Applied Digital Corp.—which aims to supply electricity to the latter’s AI factory campuses. The permitting process for the project has officially kicked off.

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