Babcock & Wilcox jumps after full go-ahead for $2.4 bln power project

Applied Digital

04/03/2026 11:53

** Shares of energy tech company Babcock & Wilcox Enterprises BW.N rise 14.3% to $9.26 premarket

** Co receives full notice to proceed on a $2.4 billion design-build agreement with Base Electron, backed by Applied Digital APLD.O, to deliver 1.2 gigawatts (GW) of new generation capacity

** Co says the project includes four 300-megawatt natural gas-fired boilers and steam turbine generator systems

** "Additionally, we are evaluating an option with Base Electron for another 1.2 GW of generation capacity to support future development," says APLD CEO Wes Cummins

** Co posts Q4 revenue of $161 million vs estimate of $155.60 million - data compiled by LSEG

** Up to last close, BW up 27.76% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))