Is Babcock & Wilcox Enterprises, Inc. (BW) a Buy? The Stock Rises Again

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

The stock of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) is a huge mover today! The stock increased 4.40% or $0.2 during the last trading session, reaching $4.75. About 365,148 shares traded or 91.37% up from the average. Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has declined 83.27% since September 13, 2018 and is downtrending. It has underperformed by 83.27% the S&P500.
The move comes after 8 months positive chart setup for the $219.81 million company. It was reported on Sep, 13 by Barchart.com. We have $5.18 PT which if reached, will make NYSE:BW worth $19.78 million more.

More notable recent Babcock & Wilcox Enterprises, Inc. (NYSE:BW) news were published by: Businesswire.com which released: “Babcock & Wilcox to Webcast Discussion of Its Second Quarter 2019 Results – Business Wire” on August 01, 2019, also Seekingalpha.com with their article: “B&W to pair package boilers with Coen burners – Seeking Alpha” published on September 03, 2019, Streetinsider.com published: “Babcock & Wilcox (BW) Releases 2018 Annual Report – StreetInsider.com” on April 02, 2019. More interesting news about Babcock & Wilcox Enterprises, Inc. (NYSE:BW) were released by: Crainscleveland.com and their article: “Babcock & Wilcox sells German subsidiary – Crain’s Cleveland Business” published on June 25, 2019 as well as Benzinga.com‘s news article titled: “80 Biggest Movers From Yesterday – Benzinga” with publication date: September 11, 2019.

Babcock & Wilcox Enterprises, Inc. provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. The company has market cap of $219.81 million. The Company’s Power segment offers boiler cleaning and material handling equipment; supercritical, subcritical, fluidized bed, chemical recovery, industrial power, package, and waste heat boilers, as well as heat recovery steam generators; and air pollution control products and related equipment, such as carbon dioxide capture and sequestration technologies, wet and dry flue gas desulfurization systems, catalytic and non-catalytic nitrogen oxides reduction systems, low nitrogen oxides burners and overfire air systems, fabric filter baghouses, wet and dry electrostatic precipitators, mercury control systems, and dry sorbent injection for acid gas mitigation. It currently has negative earnings. This segment also offers replacement parts, retrofit and upgrade projects, fuel switching and repowering projects, and training programs; and field technical, construction and maintenance, start-up and commissioning, and plant activities and maintenance services.

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