Can Babcock & Wilcox Enterprises Incorporated (NYSE:BW)’s Tomorrow Be Different? The Stock Had Decline in Shorts

December 8, 2017 - By Dolores Ford

 Can Babcock & Wilcox Enterprises Incorporated (NYSE:BW)’s Tomorrow Be Different? The Stock Had Decline in Shorts

The stock of Babcock & Wilcox Enterprises Incorporated (NYSE:BW) registered a decrease of 9.95% in short interest. BW’s total short interest was 9.54 million shares in December as published by FINRA. Its down 9.95% from 10.59 million shares, reported previously. With 1.54M shares average volume, it will take short sellers 6 days to cover their BW’s short positions. The short interest to Babcock & Wilcox Enterprises Incorporated’s float is 19.75%.

The stock increased 5.44% or $0.24 during the last trading session, reaching $4.65. About 680,722 shares traded. Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has declined 50.61% since December 8, 2016 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 $204.83 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 79.57% above currents $4.65 stock price. Babcock & Wilcox Enterprises had 8 analyst reports since December 15, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Credit Suisse given on Thursday, October 13. On Wednesday, March 1 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The company was initiated on Tuesday, December 15 by Sidoti. The stock of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has “Underperform” rating given on Friday, August 11 by Credit Suisse. The stock of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, September 19. The rating was downgraded by UBS on Monday, August 14 to “Neutral”.

More news for Babcock & Wilcox Enterprises, Inc. (NYSE:BW) were recently published by: Seekingalpha.com, which released: “Babcock & Wilcox Enterprises’ (BW) CEO Jim Ferland on Q3 2017 Results …” on November 09, 2017. Forbes.com‘s article titled: “First Pacific Advisors Exits Babcock & Wilcox Enterprises As Losses Deepen” and published on September 11, 2017 is yet another important article.

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