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Benzinga
Benzinga
Business
Mohd Haider

Why Did Babcock & Wilcox Stock Jump Nearly 32% In Afterhours Trading?

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Babcock & Wilcox Enterprises Inc. (NYSE:BW) shares jumped 31.82% to $4.93 in the after-hours session on Tuesday. The company closed regular trading at $3.74.

B&W released four announcements on Tuesday: a $1.5 billion AI data center contract with Applied Digital Corp. (NASDAQ:APLD), third-quarter earnings results, the $29 million sale of the Allen-Sherman-Hoff business, and plans to redeem all remaining February 2026 bonds.

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