Why Babcock & Wilcox Enterprises Stock Rocketed Nearly 46% Higher Today
2026-03-04 19:14:21 ET
One of the best-performing stocks on Hump Day was from an under-the-radar company that's been plying its trade for almost 160 years. Babcock & Wilcox Enterprises (NYSE: BW) , which concentrates on the design and sale of power-generation assets, saw its share price zoom nearly 46% higher that trading session, on news of the start of a new project.
Before market open that day, Babcock & Wilcox announced it had received a full notice to proceed with a design-build project with power producer Base Electron. The goal of the project, which the company said will earn it $2.4 billion, is to deliver 1.2 gigawatts of new electricity generation capacity for Base Electron's owner, artificial intelligence (AI) data center operator Applied Digital .
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NASDAQ: BW
BW Trading
9.81% G/L:
$13.605 Last:
4,458,994 Volume:
$12.98 Open:
