Will Babcock & Wilcox Enterprises, Inc. (BW) Short Squeeze Soon?

March 14, 2018 - By Kurt Siggers

The stock of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) is a huge mover today! The stock decreased 27.96% or $1.75 during the last trading session, reaching $4.51. About 6.04 million shares traded or 308.64% up from the average. Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has declined 50.61% since March 14, 2017 and is downtrending. It has underperformed by 67.31% the S&P500.
The move comes after 9 months negative chart setup for the $198.82 million company. It was reported on Mar, 14 by Barchart.com. We have $4.33 PT which if reached, will make NYSE:BW worth $7.95M less.

Analysts await Babcock & Wilcox Enterprises, Inc. (NYSE:BW) to report earnings on May, 8. They expect $-0.08 earnings per share, down 60.00 % or $0.03 from last year’s $-0.05 per share. After $-0.95 actual earnings per share reported by Babcock & Wilcox Enterprises, Inc. for the previous quarter, Wall Street now forecasts -91.58 % EPS growth.

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 had 8 analyst reports since December 15, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of BW in report on Tuesday, September 19 with “Hold” rating. The firm has “Underperform” rating by Credit Suisse given on Thursday, October 13. UBS downgraded the shares of BW in report on Monday, August 14 to “Neutral” rating. As per Wednesday, March 1, the company rating was downgraded by KeyBanc Capital Markets. The rating was maintained by Credit Suisse with “Underperform” on Friday, August 11. As per Tuesday, December 15, the company rating was initiated by Sidoti.

More notable recent Babcock & Wilcox Enterprises, Inc. (NYSE:BW) news were published by: Bizjournals.com which released: “Spurned Babcock & Wilcox suitor becomes its largest shareholder” on March 12, 2018, also Fool.com with their article: “Why Babcock & Wilcox Enterprises Inc’s Shares Plunged 14% Today” published on March 05, 2018, Bizjournals.com published: “Debt problems, deep losses and an uncertain future plague Charlotte’s Babcock …” on March 02, 2018. More interesting news about Babcock & Wilcox Enterprises, Inc. (NYSE:BW) were released by: Bizjournals.com and their article: “Former Babcock & Wilcox CEO and chairman named ‘strategic advisor'” published on March 07, 2018 as well as Prnewswire.com‘s news article titled: “BABCOCK & WILCOX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL …” with publication date: March 03, 2018.

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 $198.82 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.

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