Babcock & Wilcox Enterprises Incorporated (NYSE:BW)’s Trend Unknown, Especially After Increased Shorts

January 13, 2018 - By Michael Collier

 Babcock & Wilcox Enterprises Incorporated (NYSE:BW)’s Trend Unknown, Especially After Increased Shorts

The stock of Babcock & Wilcox Enterprises Incorporated (NYSE:BW) registered an increase of 19.56% in short interest. BW’s total short interest was 11.84M shares in January as published by FINRA. Its up 19.56% from 9.90 million shares, reported previously. With 1.39M shares average volume, it will take short sellers 9 days to cover their BW’s short positions. The short interest to Babcock & Wilcox Enterprises Incorporated’s float is 24.52%.

The stock increased 2.27% or $0.13 during the last trading session, reaching $5.86. About 775,842 shares traded. Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has declined 50.61% since January 13, 2017 and is downtrending. It has underperformed by 67.31% the S&P500.

Babcock & Wilcox Enterprises, Inc. provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. The company has market cap of $258.13 million. The Company’s Power segment offers boiler cleaning and material handling equipment; supercritical, subcritical, fluidized bed, chemical recovery, industrial power, package, and waste heat boilers, as well as heat recovery steam generators; and air pollution control products and related equipment, such as carbon dioxide capture and sequestration technologies, wet and dry flue gas desulfurization systems, catalytic and non-catalytic nitrogen oxides reduction systems, low nitrogen oxides burners and overfire air systems, fabric filter baghouses, wet and dry electrostatic precipitators, mercury control systems, and dry sorbent injection for acid gas mitigation. It currently has negative earnings. This segment also offers replacement parts, retrofit and upgrade projects, fuel switching and repowering projects, and training programs; and field technical, construction and maintenance, start-up and commissioning, and plant activities and maintenance services.

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Ratings Coverage

Among 4 analysts covering Babcock & Wilcox Enterprises (NYSE:BW), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Babcock & Wilcox Enterprises has $20 highest and $3.7 lowest target. $8.35’s average target is 42.49% above currents $5.86 stock price. Babcock & Wilcox Enterprises had 8 analyst reports since December 15, 2015 according to SRatingsIntel. The stock has “Buy” rating by Sidoti on Tuesday, December 15. On Monday, August 14 the stock rating was downgraded by UBS to “Neutral”. Credit Suisse maintained Babcock & Wilcox Enterprises, Inc. (NYSE:BW) on Friday, August 11 with “Underperform” rating. The stock of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has “Underperform” rating given on Thursday, October 13 by Credit Suisse. The firm earned “Hold” rating on Tuesday, September 19 by KeyBanc Capital Markets. The firm earned “Sector Weight” rating on Wednesday, March 1 by KeyBanc Capital Markets.

More news for Babcock & Wilcox Enterprises, Inc. (NYSE:BW) were recently published by: Forbes.com, which released: “First Pacific Advisors Exits Babcock & Wilcox Enterprises As Losses Deepen” on September 11, 2017. Fool.com‘s article titled: “Why Babcock & Wilcox Enterprises Inc. Plunged a Whopping 64% Today” and published on August 10, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.