How Sidoti Currently Rates Babcock & Wilcox Enterprises (NYSE:BW)
New York: Babcock & Wilcox Enterprises (NYSE:BW) coverage was initiated with a “Buy” rating by investment advisers at Sidoti. This was revealed to investors and clients in an analyst note on Tuesday morning.
Approximately 888,276 shares of stock traded hands or 162.73% up from the average. Babcock & Wilcox Enterprises Inc (NYSE:BW) has risen 6.00% since November 15, 2015 and is uptrending. It has outperformed by 9.68% the S&P500.
Babcock & Wilcox Enterprises, Inc. is engaged in engineering, manufacturing, procurement, and erection of equipment and technology, which is used in the power generation industry and other industries. The company has a market cap of $1.06 billion. The Firm is a technology well-known provider of fossil and renewable power generation equipment, which includes boiler products and environmental systems, and services for power and industrial uses. It currently has negative earnings.
According to Zacks Investment Research, “Babcock & Wilcox Enterprises, Inc. offers energy technology and services primarily for the nuclear, fossil and renewable power markets as well as a premier advanced technology and mission critical defense contractor. Babcock & Wilcox Enterprises, Inc. is headquartered in Charlotte, N.C.”