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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.
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Babcock & Wilcox Enterprises, Inc. (BW) reported improved revenues and adjusted EBITDA in Q3 2023, driven by a 17% increase in Thermal Revenues. The company also announced a $150 million Senior Secured Credit facility refinancing, a memorandum of understanding for hydrogen offtake in Louisiana, and a strategic business realignment to focus on higher margin aftermarket businesses. They anticipate annualized cost savings of over $30 million and are considering strategic alternatives for non-strategic assets. Despite net loss, they updated their backlog growth and Full Year 2023 and 2024 Adjusted EBITDA targets.
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Babcock & Wilcox Enterprises, Inc. to host conference call and webcast to discuss Q3 2023 results
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Babcock & Wilcox Canada Corp. has been awarded an $11 million utility plant maintenance contract from Newfoundland and Labrador Hydro for its Holyrood Thermal Generating Station.
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Babcock & Wilcox Enterprises, Inc. (B&W) has been awarded environmental equipment contracts worth over $11 million. The contracts include supplying two replacement wet electrostatic precipitators (ESPs) and rebuilding a wet ESP for three U.S. industrial facilities. B&W's wet ESPs are customizable for various applications and can provide effective flue gas pretreatment for post-combustion CO2 capture systems. The company is seeing increased interest in this technology as emissions requirements tighten worldwide. B&W also offers upgrades, components, and services for efficient equipment operation.
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Babcock & Wilcox Enterprises, Inc. is participating in upcoming conferences: the 7th Annual Lake Street Best Ideas Growth Conference and the 22nd Annual D.A. Davidson Diversified Industrials & Services Conference.
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Babcock & Wilcox Enterprises, Inc. (B&W) has been awarded a $9 million contract for an air-cooled condenser system in the U.K. for a waste-to-energy facility. This contract highlights the strong market for B&W Environmental's cooling technologies in Europe, particularly for renewable energy projects. The SPIG air-cooled condenser system offers significant environmental benefits and can operate in extreme temperature conditions. This contract is expected to positively impact B&W's stock price.
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Energy Capital Vietnam, SaigonTel, Allotrope Partners, Chart Industries, and Babcock & Wilcox have signed a cooperation agreement to develop Vietnam's first net zero industrial parks and advance its national carbon emissions goals. The partners will focus on developing and implementing net zero strategies at SaigonTel's Tan Tap and Nam Tan Tap Industrial Parks. This agreement is a significant step towards developing Vietnam's first net zero industrial parks and mobilizes provincial action plans to support national decarbonization goals.
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Babcock & Wilcox Enterprises, Inc. (B&W) exceeded revenue and EBITDA expectations in Q2 2023. The company's BrightLoop hydrogen generation technology is set to begin commercial operations in H2 2024, with a potential of up to $1 billion in bookings by 2028. The pipeline of identified global project opportunities expanded to over $9 billion. Q2 2023 highlights include $305.2 million in revenues, a 38% improvement YoY, and a net loss of $5.0 million. The company expects backlog growth to reach $850.0 million to $1.0 billion by year-end 2023.
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Babcock & Wilcox Solar Energy, Inc., a subsidiary of Babcock & Wilcox Enterprises, Inc. (B&W), has been awarded contracts worth over $20 million by Summit Ridge Energy, LLC for the EPC of 25 megawatts of community solar energy projects in Illinois. B&W has previously executed multiple projects for Summit Ridge Energy, and these new projects will be completed in 2024.
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FAQ
What is the current stock price of Babcock & Wilcox Enterprises (BW)?
The current stock price of Babcock & Wilcox Enterprises (BW) is $1.89 as of November 21, 2024.
What is the market cap of Babcock & Wilcox Enterprises (BW)?
The market cap of Babcock & Wilcox Enterprises (BW) is approximately 183.0M.
What does Babcock & Wilcox Enterprises, Inc. specialize in?
Babcock & Wilcox specializes in energy and environmental technologies and services for power and industrial markets, including steam generation, renewable energy, and emissions control.
Where is Babcock & Wilcox headquartered?
Babcock & Wilcox is headquartered in Charlotte, North Carolina.
How many employees does Babcock & Wilcox have?
Babcock & Wilcox employs approximately 6,000 people worldwide.
What are the main business segments of Babcock & Wilcox?
The main business segments are B&W Renewable, B&W Environmental, and B&W Thermal.
Which segment generates the most revenue for Babcock & Wilcox?
The B&W Thermal segment generates the majority of the company's revenue.
Which regions contribute most to Babcock & Wilcox's revenue?
The United States contributes the vast majority of the company's revenue, with significant operations also in Canada, Denmark, and the United Kingdom.
What industries does Babcock & Wilcox serve?
Babcock & Wilcox serves industrial, electrical utility, and municipal industries.
What recent achievements has Babcock & Wilcox accomplished?
Recent achievements include innovations in energy efficiency and projects that reduce environmental footprints, highlighting their leadership in the energy sector.
What is B&W Renewable focused on?
B&W Renewable focuses on sustainable power and heat generation using renewable energy sources.
What is the primary focus of B&W Environmental?
B&W Environmental specializes in emissions control, providing solutions to minimize environmental impact and ensure regulatory compliance.
Babcock & Wilcox Enterprises, Inc.
NYSE:BW
BW Rankings
BW Stock Data
182.97M
88.75M
5.84%
73.18%
2.25%
Specialty Industrial Machinery
Heating Equipment, Except Electric & Warm Air Furnaces
United States of America
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