Energy tech firm Babcock & Wilcox slides on $200 mln stock offering

BRC group

14/05/2026 21:35

** Energy technology firm Babcock & Wilcox Enterprises' BW.N shares down 7.5% post-market to $19.64 on equity raise news

** BW commences $200 mln stock offering

** Co intends to use net offering proceeds to prepay amounts outstanding under its credit agreement to subsequently reborrow to fund working capital needs, support growth initiatives, including AI data center power generation projects, among other purposes

** B. Riley lead bookrunner, joined by Craig-Hallum and Lake Street Capital Markets

** BW shares closed up 9.7% at $21.22 on Thurs and have more than tripled YTD

** Akron, Ohio-based BW has ~136.2 mln shares outstanding for nearly $3 bln market cap

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))