Jim Cramer Looked At 20 Stocks, Including NVIDIA, Walmart, and Rocket Companies

14. Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. Cramer highlighted the company’s role in the data center buildout, as he commented:

Even on an ugly day like this, when some data center-related stocks keep making new highs, take Babcock & Wilcox Enterprises. This is a company founded nearly 160 years ago, makes all sorts of equipment for power generation, emissions control. They got their start making boilers for the second industrial revolution, and now they’re helping to power the fourth industrial revolution. And that’s why the stock’s up 245% year to date and over 2,500% just over the past 12 months. When I first saw it, I didn’t believe it, but it’s true. And when you look at the numbers, you can understand why the stock’s been rallying so hard.

When Babcock & Wilcox reported earlier this week, they delivered 44% revenue growth, and their booking shot up 2000% year over year, with their backlog rising 483% to $2.7 billion. Even when the company priced a $200 million secondary offering at $18.50 per share earlier today, down almost two bucks from yesterday’s close, it didn’t take long for the stock to erase its losses, then finish up 63 cents or 2.97%. Remember, it’s a down day in the market.

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) provides energy and emission control solutions through technologies focused on waste-to-energy conversion, hydrogen production, and carbon management.