Babcock & Wilcox Shares Rise 16% as Bookings More Than Double

Babcock & Wilcox Enterprises shares rose 16% to $4.39 at midday Tuesday after the company reported that third-quarter bookings more than doubled, supported by electricity demand from data centers and utilities. The stock remains down 31% for the year to date.

November 10, 2026, 10:28 PM 166 0

Babcock & Wilcox Shares Rise 16% as Bookings More Than Double

Revenue more than doubled to $290.8 million in the quarter, Babcock & Wilcox reported Monday, topping the $226.5 million expected by analysts polled by FactSet. Bookings climbed to $228 million.

Chief Executive Kenneth Young said stronger booking growth helped the quarter’s results and that momentum in the data-center market continued to build. The energy and environmental technology provider reported a profit of $93.9 million, compared with $35.1 million in the year-earlier period. Adjusted net income was $4.8 million.

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