Welcome to our dedicated page for Babcock & Wilcox Enterprises news (Ticker: BW), a resource for investors and traders seeking the latest updates and insights on Babcock & Wilcox Enterprises stock.
Babcock & Wilcox Enterprises, Inc. (Symbol: BW) is a prominent player in the energy and environmental technologies sector, headquartered in Charlotte, N.C. With a robust global presence, Babcock & Wilcox (B&W) employs approximately 6,000 individuals worldwide and is dedicated to delivering cutting-edge solutions in power and industrial markets.
The company operates through three primary segments:
- B&W Renewable: This segment is committed to sustainable power and heat generation, focusing on renewable energy sources and technologies that promote environmental stewardship.
- B&W Environmental: Specializing in emissions control, this segment provides advanced solutions to minimize environmental impact, ensuring compliance with stringent regulatory standards.
- B&W Thermal: The largest revenue generator for the company, this segment deals with steam generation products and solutions for power plants, the oil and gas industry, and other industrial sectors.
Babcock & Wilcox’s customer base is extensive, encompassing industrial, electrical utility, and municipal industries. Their operations are predominantly located in the United States, Canada, Denmark, the United Kingdom, and other regions, with the U.S. contributing the majority of the company's revenue.
Recent achievements highlight the company's commitment to innovation and environmental sustainability. B&W has been actively engaged in numerous projects that enhance energy efficiency and reduce environmental footprint, underscoring its leadership in the industry.
Whether through pioneering renewable energy technologies or providing critical emissions control solutions, Babcock & Wilcox continues to set benchmarks in the energy sector, maintaining its status as a global leader in power generation and environmental solutions.
Babcock & Wilcox (NYSE: BW) has successfully acquired a majority stake in Illinois-based Fosler Construction Company Inc., now operating as Fosler Solar. This acquisition aims to enhance B&W's renewable energy segment, with Fosler Solar expected to significantly contribute to the company's growth in the U.S. solar market. Fosler, recognized as one of the fastest-growing solar service firms, will continue to be led by its CEO, Paul Fosler, who remains a minority stakeholder. Fosler Solar specializes in commercial, industrial, and utility-scale solar services.
Babcock & Wilcox (NYSE: BW) has secured an award exceeding $38 million to provide waste-to-energy technologies for municipal projects in East Asia. The B&W Renewable segment will supply its Vølund DynaGrate® combustion grates and advanced waste-to-energy boilers, capable of processing around 2 million tons of municipal waste annually. CEO Jimmy Morgan emphasized the importance of clean energy solutions in Asia and the company's commitment to enhancing renewable energy offerings in the region, aligning with their growth strategy.
Babcock & Wilcox Enterprises, Inc. (NYSE: BW) has signed a definitive agreement to acquire VODA A/S, a leading aftermarket parts and service provider for the waste-to-energy and biomass-to-energy markets. The acquisition, set to close by the end of October 2021, aims to bolster B&W's Renewable segment in Europe. B&W plans to integrate VODA’s services into a new entity, B&W Renewable Service, enhancing its market presence and operational capabilities. This strategic move is expected to create synergies and growth opportunities in the rapidly expanding renewable energy market.
Babcock & Wilcox (NYSE: BW) has secured a $35 million contract from Greenland’s ESANI A/S to supply advanced equipment for new waste-to-energy facilities in Nuuk and Sisimiut. These facilities will transform municipal waste into energy, combatting greenhouse gas emissions by eliminating methane from landfills. Scheduled for completion in 2023 and 2024, the project highlights B&W's commitment to combat climate change. The company is also exploring additional opportunities in Europe, Asia, and North America, reinforcing the global demand for waste-to-energy technology.
Babcock & Wilcox Enterprises (NYSE: BW) will present at D.A. Davidson’s 20th Annual Diversified Industrials & Services Conference on September 22-23, 2021. The presentation is scheduled for September 22 at 8 a.m. Eastern Time, featuring CEO Kenneth Young and CFO Louis Salamone. The virtual event invites leading companies in industrial technology and related sectors, including panel discussions and one-on-one meetings. For more information or to schedule a meeting, contact ECM-Events@dadco.com or 1-800-755-7848.
Babcock & Wilcox (NYSE: BW) has announced a definitive agreement to acquire a 60% stake in Fosler Construction, a leading provider of solar construction services in Illinois. This strategic acquisition aims to enhance B&W's capabilities in the solar energy sector and capitalize on a robust project pipeline exceeding 1 gigawatt. The transaction is expected to close by the end of September 2021, pending customary conditions. Fosler Construction will remain under the leadership of CEO Paul Fosler, who will retain a minority stake, and will enhance B&W's renewable segment.
Babcock & Wilcox Enterprises (NYSE: BW) will participate in Lake Street’s Fifth Annual Best Ideas Growth (BIG5) Conference on September 14-15, 2021. Kenneth Young, CEO, and Louis Salamone, CFO, will hold one-on-one meetings during the event. The conference gathers executives from over 100 public growth companies, providing a platform for interaction with institutional investors. This invitation-only event showcases dynamic public companies and aims to enhance investor engagement.
Babcock & Wilcox Enterprises (NYSE: BW) will present at the 10th Annual Gateway Conference on September 9, 2021, at 11:30 a.m. Eastern time. The presentation, featuring CEO Kenneth Young and CFO Louis Salamone, will be available via a live webcast and for replay. The Gateway Conference connects management teams from nearly 800 growth companies with institutional investors, analysts, and investment bankers. For more details, visit the Gateway Conference website or contact B&W's investor relations.
Babcock & Wilcox Enterprises (NYSE: BW) has announced the appointment of Kim Bredahl as Senior Vice President of B&W Renewable, effective September 1, 2021. This strategic addition aims to enhance the company's renewable energy initiatives as the demand for sustainable energy solutions rises. Bredahl brings over 30 years of experience in the energy sector, particularly in waste-to-energy project development. His expertise will support the growth of B&W's innovative technologies in waste-to-energy and biomass energy fields, aligning with the company's circular economy goals.
Babcock & Wilcox Enterprises (NYSE: BW) is set to participate in the Seaport Research Partners Annual Summer Investor Conference on August 24-25, 2021. CEO Kenneth Young and CFO Louis Salamone will conduct one-on-one meetings during the event. This conference will feature over 100 management teams and 250 institutional investors engaging in various meetings. B&W is a leader in energy and environmental products and services, headquartered in Akron, Ohio. For more details or to schedule a meeting, interested parties can contact CorporateAccess@seaportrp.com.
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