Babcock & Wilcox Enterprises reports higher-than-expected Q1 revenue, fueled by AI data center power demand and large project activity.
Babcock & Wilcox Enterprises (BW) shares rose 11% after the company exceeded first-quarter revenue expectations, driven by increased project activity and demand for AI data center power generation.
The company reported a GAAP loss of $0.62 per share for the quarter. Despite the loss, the revenue beat and surge in bookings highlighted growing demand in its core markets.
The stock gain reflects investor optimism about the company’s positioning in the energy sector, particularly in power solutions for data centers.