Cramer Calls MNTN 'Awful'—But Says To 'Pull The Trigger' On This 'Great Spec'

Company Insights - Babcock & Wilcox reported a third-quarter EPS loss of 6 cents per share, which was better than market estimates of a loss of 9 cents per share, indicating a potential improvement in financial performance [1] - Babcock & Wilcox's stock has shown significant volatility over the past year, with a 52-week range of $0.22 to $8.58, suggesting a strong recovery from its lows [3] - MNTN, Inc. is facing challenges, with Cramer labeling the company as "awful" and emphasizing the need for profitability to ensure a turnaround [2] Market Performance - MNTN shares fell 2% to close at $11.70, reflecting its struggles in the communication services sector, where it has a market cap of $0.86 billion [3] - Babcock & Wilcox shares decreased by 3.2% to settle at $8.22, indicating market volatility and investor sentiment [3] - MNTN's price target was lowered by Morgan Stanley analyst Matthew Cost from $22.50 to $20.50, reflecting a cautious outlook on the company's future performance [2] Industry Context - The electrical equipment sector, where Babcock & Wilcox operates, is currently navigating shifts in demand amid the global energy transition, which may impact future growth opportunities [4]