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Babcock & Wilcox Enterprises Inc. (NYSE:BW) is one of the 10 Stocks Gaining Momentum Fast.
Babcock & Wilcox soared by as much as 44.4 percent week-on-week, even hitting a new 7-year high on Friday, as investors took path from an investment firm’s 70-percent price target upgrade for its stock.
Earlier in the week, Northland raised its price target for the stock to $17 from $10 previously, while keeping an “outperform” rating.
Source: Pexels.com
It said that the revision was to better reflect what the firm sees as the value in relation to the long-term potential of building new power assets.
Babcock & Wilcox Enterprises Inc. (NYSE:BW) earlier this month said that it has officially secured the green light for the development of a $2.4 billion power generation project for Base Electron to supply power to Applied Digital Corp.’s AI factory campuses.
Under the agreement, Babcock & Wilcox Enterprises Inc. (NYSE:BW) will engineer, procure, and construct four 300-MW natural gas-fired boilers and steam turbine generator systems for Base Electron, a company backed by Applied Digital.
Meanwhile, it tapped Siemens Energy to design and supply the steam turbine generator sets.
In other news, Babcock & Wilcox Enterprises Inc. (NYSE:BW) announced a strong earnings performance last year, with net loss attributable to shareholders shrinking by 39 percent to $36.2 million from $59.9 million in 2024. Revenues inched up by 1.1 percent to $587.7 million from $581 million year-on-year.
While we acknowledge the potential of BW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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