It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Moreover, the momentum for BW is fast paced, as the stock currently has a beta of 1.58. ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Sharyn Brooks - Director of Communications Kenny Young - Chairman and CEO Lou Salamone - CFO Conference Call Participants Brent Thielman - D.A. Davidson Rob Brown - Lake Street Capital Markets Alex Rygiel - B. Riley Aaron Spychalla - Craig Hallum Operator Good evening. My name is Sierra, and I will be your conference operator today. At this time, I would like to welcome everyone to the c ...

| --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------|-------|-------------------------------------|-------|----------| | (in thousands) | | Three Months Ended March 31, \n2024 | | 2023 | | Cash flows from financing activities: | | | | | | Issuance of senior notes | | — | | 8 | | Borrowings on loan payable | | 90,352 | | — | | Repayments on loan payable | | (28,802) | | (1,658) | | Payment of holdback funds from acquisition | | (2,950) ...

Shares of Babcock & Wilcow Enterprises (BW) have been struggling lately and have lost 7.5% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bulli ...

Investors might want to bet on Babcock & Wilcow Enterprises (BW) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Date of Report (Date of earliest event reported): April 10, 2024 | --- | --- | |-----------------------------------------|-------| | | | | | | | DELAWARE | | | (State or other jurisdiction of | | | incorporation) | | 47-2783641 (IRSEmployerIdentificationNo.) Registrant's Telephone Number, including Area Code: (330) 753-4511 Securities registered pursuant to Section 12(b) of the Act: Emerging growth company ¨ On April 10, ...

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Q4 2023 Earnings Conference Call March 14, 2024 5:00 PM ET Company Participants Sharyn Brooks - Director of Communications Kenny Young - Chairman & CEO Lou Salamone - CFO Conference Call Participants Aaron Spychalla - Craig-Hallum Rob Brown - Lake Street Capital Markets Brent Thielman - D.A. Davidson Alex Rygiel - B. Riley Securities Operator Good evening. My name is Joel and I will be your conference operator today. At this time, I would like to welcome everyone ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 47-2783641 (State or other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Yes ☐ No ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has file ...

Revenue Growth and Performance - Revenues from Continued Operations increased 18% Year over Year, reaching $999.4 million in 2023[23] - Full-year 2023 revenues reached $999.4 million, up from $847.9 million in 2022[41] - Total revenues for the year ended December 31, 2023, were $999.4 million, compared to $847.9 million in 2022, representing an increase of 17.9%[48] - Environmental segment revenues increased 31% to $202.9 million in 2023, driven by higher volume in SPIG[9] - Babcock & Wilcox Environmental segment revenues rose to $202.9 million in 2023 from $154.4 million in 2022, a 31.4% increase[48] - Thermal segment revenues increased 20% to $499.2 million in 2023, driven by a large construction project and increased package boiler business[31] - Babcock & Wilcox Thermal segment revenues grew to $499.2 million in 2023 from $415.1 million in 2022, a 20.3% increase[48] - Babcock & Wilcox Renewable segment revenues increased to $318.6 million in 2023 from $288.7 million in 2022, a 10.3% growth[48] Adjusted EBITDA and Financial Metrics - Adjusted EBITDA of $79.1 million in 2023, a 17% increase compared to $67.5 million in 2022[23] - Adjusted EBITDA for the year ended December 31, 2023, was $79.1 million, up from $67.5 million in 2022, reflecting a 17.2% increase[48] - Adjusted EBITDA for the year ended December 2023 was $79.1 million, up from $67.5 million in 2022[66] - Adjusted EBITDA excluding BrightLoop and ClimateBright introduced in Q4 2023 to assess performance independent of these technologies[35] - Adjusted EBITDA excluding BrightLoop and ClimateBright expenses was $84.1 million in 2023, up from $71.8 million in 2022[66] Net Loss and Operating Performance - Net loss of $78.6 million in 2023, including non-cash items of $38.0 million primarily related to pension mark-to-market adjustments[23] - Net loss for Q4 2023 was $62.7 million, compared to a net income of $5.7 million in Q4 2022[41] - Net loss from continuing operations increased to $78.6 million in 2023 from $20.0 million in 2022[62] - Operating income for Q4 2023 was $0.7 million, compared to $6.3 million in Q4 2022[41] Bookings and Backlog - Bookings in 2023 were $878.3 million, a 2% increase compared to full year 2022 bookings[29] - Ending backlog at December 31, 2023 was $530.5 million, a 3% decrease compared to December 31, 2022[29] - Backlog includes expected revenue from contracts with written customer confirmation, subject to cancellation or modification[36] - Bookings represent changes to backlog, including new business, cancellations, and foreign currency revaluation[37] - Backlog for Babcock & Wilcox Renewable increased to $134 million in 2023 from $129 million in 2022[64] Segment Performance - Renewable segment revenues decreased 33% to $62.2 million in Q4 2023, due to strategic shift away from lower margin new build projects[27] - The company is exiting its remaining fixed fee Operational and Maintenance Contract in the Renewable segment, which was completed as of December 31, 2023[55] Research and Development Costs - Research and development costs increased to $5.3 million in Q4 2023 from $1.0 million in Q4 2022[41] - Research and development costs for the year ended December 31, 2023, were $4.0 million, compared to $3.3 million in 2022, a 21.2% increase[48] - Product development expenses increased to $9.0 million in 2023 from $4.1 million in 2022[66] - BrightLoop and ClimateBright expenses totaled $12.0 million in 2023, up from $6.4 million in 2022[66] Financial Position and Liabilities - Total current assets decreased to $497.6 million as of December 31, 2023, from $557.6 million in 2022, a decline of 10.8%[43] - Total liabilities increased to $976.0 million as of December 31, 2023, from $943.8 million in 2022, a 3.4% rise[43] - The company's total stockholders' deficit increased to $200.4 million as of December 31, 2023, from $2.1 million in 2022[43] - Borrowings on loan payable increased to $252.5 million in 2023 from $7.2 million in 2022[63] - Repayments on loan payable were $226.6 million in 2023 compared to $16.9 million in 2022[63] Cash Flow and Investments - Net cash used in operating activities was $42.3 million in 2023 compared to $30.6 million in 2022[62] - Net cash used in investing activities decreased to $7.9 million in 2023 from $68.8 million in 2022[62] Strategic Initiatives and Opportunities - Company completed a new $150 million Senior Secured Credit Facility, expected to reduce interest cost by up to $5 million per year[2][11] - Pipeline expanded to over $9.0 billion in identified global project opportunities, including over $1.5 billion in BrightLoop and ClimateBright opportunities[2] Forward-Looking Statements and Risks - Forward-looking statements highlight risks including global macroeconomic conditions, integration of acquisitions, and refinancing of senior debt[38] - The company is unable to reconcile future Adjusted EBITDA targets to GAAP counterparts without unreasonable effort[35]