BW Stock Summary and Trading Ideas (Babcock & Wilcox Enterprises | NYSE:BW)

Babcock & Wilcox Enterprises Inc is a power generation equipment supplier and servicing company that operates in three segments: B&W Renewable, B&W Environmental, and B&W Thermal. B&W Thermal, focuses on steam generation products and solutions for plants in the power generation, oil, and gas, and industrial sectors, generates the majority of the company's revenue. B&W Renewable focuses on sustainable power and heat generation while B&W Environmental focuses on emissions control. The company's customer base spans the industrial, electrical utility, and municipal industries located predominantly in the United States, Canada, Denmark, the United Kingdom, and other regions. Business in the U.S. contributes the vast majority of its revenue.

Babcock & Wilcox Enterprises trades on the NYSE stock market under the symbol BW.

As of May 16, 2024, BW stock price climbed to $1.20 with 531,462 million shares trading.

BW has a beta of 3.00, meaning it tends to be more sensitive to market movements. BW has a correlation of 0.08 to the broad based SPY ETF.

BW has a market cap of $106.65 million. This is considered a Micro Cap stock.

Last quarter Babcock & Wilcox Enterprises reported $208 million in Revenue and -$.22 earnings per share. This beat revenue expectation by $930,000 and missed earnings estimates by -$.09.

In the last 3 years, BW stock traded as high as $10.37 and as low as $.75.

The top ETF exchange traded funds that BW belongs to (by Net Assets): VTI, IWM, VXF, IWN, PRFZ.

BW has underperformed the market in the last year with a return of -78.2%, while the SPY ETF gained +30.0%. In the last 3 month period, BW fell short of the market, returning -13.0%, while SPY returned +6.0%. However, in the most recent 2 weeks BW has outperformed the stock market by returning +14.3%, while SPY returned +6.0%.

BW support price is $1.06 and resistance is $1.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BW stock will trade within this expected range on the day.