In yesterday’s Wall Street session, Babcock & Wilcox Enterprises Inc (NYSE:BW) shares traded at $0.89, up 13.81% from the previous session.
BW stock price is now -28.47% away from the 50-day moving average and -72.83% away from the 200-day moving average. The market capitalization of the company currently stands at $79.54M.
With the price target reduced from $10 to $2, Craig Hallum Downgraded its rating from Buy to Hold for Babcock & Wilcox Enterprises Inc (NYSE: BW). On July 19, 2022, Craig Hallum recently initiated its ‘Buy’ rating on the stock quoting a target price of $11, while ‘Lake Street’ rates the stock as ‘Buy’
In other news, Bartoli Henry E, Director bought 10,000 shares of the company’s stock on Nov 16 ’23. The stock was bought for $15,078 at an average price of $1.51. Upon completion of the transaction, the Director now directly owns 278,049 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’23, 10% Owner B. Riley Financial, Inc. bought 157,883 shares of the business’s stock. A total of $182,907 was incurred on buying the stock at an average price of $1.16. This leaves the insider owning 7,602,348 shares of the company worth $6.77 million. A total of 3.93% of the company’s stock is owned by insiders.
During the past 12 months, Babcock & Wilcox Enterprises Inc has had a low of $0.75 and a high of $6.64. The fifty day moving average price for BW is $1.2442 and a two-hundred day moving average price translates $3.2756 for the stock.
The latest earnings results from Babcock & Wilcox Enterprises Inc (NYSE: BW) was released for Dec, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.65, missing analysts’ expectations of -$0.03 by -0.62. This compares to $0.01 EPS in the same period last year. The net profit margin was -20.60% and return on equity was -657.27% for BW. The company reported revenue of $197.51 million for the quarter, compared to $211.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.48 percent. For the current quarter, analysts expect BW to generate $200M in revenue.
Babcock & Wilcox Enterprises Inc(BW) Company Profile
Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal. The Babcock & Wilcox Renewable segment offers technologies divert the waste from landfills for power generation and replacing fossil fuels and recovering metals and reducing emissions. It offers BrightLoop, a hydrogen generation technology that generates hydrogen from a range of fuels, including solid fuels, such as biomass and coal. This segment also provides technologies for power and heat generation comprising waste-to-energy; OxyBright, an oxygen-fired biomass-to-energy technology; and black liquor systems for the pulp and paper industry. The Babcock & Wilcox Environmental segment offers a range of emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black, and industrial steam generation applications. This segment provides systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control under the SolveBright, OxyBright, BrightLoop, and BrightGen names. The Babcock & Wilcox Thermal segment offers aftermarket parts, construction, maintenance, engineered upgrades, and field services for its installed bases, as well as the installed base of other OEMs for power generation, oil and gas, petrochemical, food and beverage, metals and mining, and others. This segment also provides steam generation systems, including package boilers, watertube and firetube waste heat boilers, and other boilers to medium and heavy industrial customers. Babcock & Wilcox Enterprises, Inc. was founded in 1867 and is based in Akron, Ohio.
