Babcock & Wilcox (BW) announced that it has selected Siemens (SIEGY) Energy to provide steam turbine generator sets for B&W's groundbreaking project to deliver one gigawatt of power for an Applied Digital AI Factory. B&W and Siemens have entered into an agreement for a limited notice to proceed to secure the turbine sets, which will enable B&W to deliver power for the project by the end of 2028. The full contract release is expected in the first quarter of 2026. B&W previously announced it has signed a limited notice to proceed with Applied Digital for the project to design and install four 300-megawatt natural gas-fired power plants, consisting of proven boilers and associated steam turbines, and expects to sign an ongoing parts and services contract to support the facility once commercial operation begins. To meet the project's accelerated schedule, the plants use a proven configuration: a gas-fired boiler supplies heat and thus steam to drive the steam turbines and generate energy in a dispatchable and reliable manner.
Wall Street analysts forecast BW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BW is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast BW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BW is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 10.070
Low
9.00
Averages
9.00
High
9.00
Current: 10.070
Low
9.00
Averages
9.00
High
9.00
Northland
Jeff Grampp
Outperform
initiated
$10
2026-01-22
Reason
Northland
Jeff Grampp
Price Target
$10
AI Analysis
2026-01-22
initiated
Outperform
Reason
Northland analyst Jeff Grampp initiated coverage of Babcock & Wilcox with an Outperform rating and $10 price target. The thermal power and energy infrastructure engineering company had "a transformational 2025" that included significant de-levering through asset sales and capital raises along with a $1.5B contract to build a power plant for a data center, the analyst tells investors. The firm expects significant growth over the next several years through an improving base business and the data center contract, the analyst added.
Clarksons
Neutral -> Buy
upgrade
NOK 150
2025-12-03
Reason
Clarksons
Price Target
NOK 150
2025-12-03
upgrade
Neutral -> Buy
Reason
Clarksons upgraded BW LPG to Buy from Neutral with a NOK 150 price target. The firm cites valuation for the upgrade.
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DA Davidson
Neutral
maintain
$6
2025-11-12
Reason
DA Davidson
Price Target
$6
2025-11-12
maintain
Neutral
Reason
DA Davidson raised the firm's price target on Babcock & Wilcox to $6 from $1.50 and keeps a Neutral rating on the shares. The firm cites a "profound rebound" in shares following an announcement of an LNTP to construct power facilities for a data center customer while stating that the company's actions to address the capital structure are notable this year, the analyst tells investors in a research note.
Craig-Hallum
Aaron Spychalla
Hold
to
Buy
upgrade
$7
2025-11-05
Reason
Craig-Hallum
Aaron Spychalla
Price Target
$7
2025-11-05
upgrade
Hold
to
Buy
Reason
Craig-Hallum analyst Aaron Spychalla upgraded Babcock & Wilcox to Buy from Hold with a $7 price target.
About BW
Babcock & Wilcox Enterprises, Inc. is a provider of renewable, environmental and thermal technologies for industrial, electrical utility, municipal and other customers. The Company operates through three segments: Babcock & Wilcox Renewable, Babcock & Wilcox Environmental, and Babcock & Wilcox Thermal. Its Babcock & Wilcox Renewable segment offers technologies for environmentally sustainable power and heat generation, including waste-to-energy, oxygen-fired biomass-to-energy and black liquor systems for the pulp and paper industry. Its Babcock & Wilcox Environmental segment provides emissions control and environmental technology solutions for utility, waste-to-energy, biomass-to-energy, carbon black, and industrial steam generation applications around the world. Its Babcock & Wilcox Thermal segment provides steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil and gas, and industrial sectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
