Babcock & Wilcox Wins $130M Air Quality Control Project for U.S. Coal Plant
BW has more than doubled off its 52-week low of $1.97.
Summary
Babcock & Wilcox received a limited notice to proceed (LNTP) on an approximately $130 million air quality control project for a U.S. coal-fired power plant. The company will begin development, engineering, and long-lead procurement, with its construction subsidiary executing the installation. This award adds to a strong backlog that reached $2.6 billion as of Q2 2026, driven by the $2.4B AI power contract. The project supports continued coal plant operations amid rising energy demand, aligning with B&W's environmental technology strengths. The LNTP is a positive signal of new business, though full contract value is subject to finalization.
At the time of this announcement, BW was trading at $7.40 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $1.97 to $22.03. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.