BW
Babcock & Wilcox Enterprises, Inc.

Babcock & Wilcox Enterprises, Inc.BW

Industrials · Specialty Industrial Machinery
3.25USD
+4.84%
Nov 08, 2026
BW overview ready
Infrastructure Provider for Dedicated Steam-Cycle Power Plants Serving Large Loads
Infrastructure provider for dedicated, high-capacity steam-cycle power plants serving large continuous loads, including AI data-center campuses.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Low free cash flow yield
Free cash flow yield is weak.
Primary risk
Dependence on capital investment cycles in industrial and utility sectors.
Market Nov 6Filing Jun 30Price action Nov 7Research Aug 30

Conviction Level

PriceAction1.4BusinessPerformance—BusinessQuality3.1Valuation3.5ThemeMomentum1.0This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$484.1M
Avg Volume (60D)
4.7M
60 sessions
Revenue Growth YoY
+1.1%
FY2025 vs FY2024
Gross Margin
+19.7%
Operating Margin
+3.1%
Trailing twelve months
Free Cash Flow Yield
-12.0%
Distance from 200DMA
-71.4%
Next Earnings
2026-11-09
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Insufficient evidence

This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Business Quality

3.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

0 of the one valuation perspectives say fair; peers is the dissenting view.
Babcock & Wilcox Enterprises, Inc. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

Company Research

Thesis
Infrastructure provider for dedicated, high-capacity steam-cycle power plants serving large continuous loads, including AI data-center campuses. BW is no longer accurately characterized only as a legacy boiler-and-emissions-control supplier.
Opportunity
High opportunity
Large-load owners are procuring dedicated, dispatchable generation and integrated power systems to secure reliable capacity before, alongside, or instead of constrained utility-grid interconnections.
Key risk
Dependence on capital investment cycles in industrial and utility sectors.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Specialty Industrial Machinery
What they do

Babcock & Wilcox Enterprises, Inc. provides energy and emissions control solutions through engineering, manufacturing, and servicing of steam generation and chemical looping technologies for industrial and utility customers across multiple countries.

How it earns

The company generates revenue primarily through project-based sales of equipment, aftermarket parts, and related construction, maintenance, and field services.

Products & services
BrightLoop chemical looping technology
Steam generation equipment and systems
Aftermarket parts
Construction, maintenance, and field services
Customers & end markets
Industrial customers
Electrical utilities
Municipal customers
Large continuous load operators including AI data-center campuses
Market position

Niche infrastructure provider specializing in high-capacity steam-cycle power plants for large-load customers.

Demand drivers
Medium cyclicality

Business depends on capital investment cycles in industrial and utility sectors and infrastructure spending.