Why Babcock & Wilcox Enterprises Stock Rocketed Nearly 46% Higher Today

One of the best-performing stocks on Hump Day was from an under-the-radar company that's been plying its trade for almost 160 years. Babcock & Wilcox Enterprises (NYSE: BW), which concentrates on the design and sale of power-generation assets, saw its share price zoom nearly 46% higher that trading session, on news of the start of a new project. A $2.4 billion win Before market open that day, Babcock & Wilcox announced it had received a full notice to proceed with a design-build project with power produ ...