Babcock & Wilcox Shares Gain After Signing of Data-Center Power Agreement
Dow Jones2026/08/11 11:23By Connor Hart
Shares of Babcock Wilcox climbed after the company signed an agreement with Siemens Energy, commencing work on 20 steam-turbine generator sets that will provide 1 gigawatt of capacity for data center projects.
The stock jumped 34%, to $11.91, in premarket trading Tuesday. Through Monday's close, shares are up 40% year to date.
BW said before the bell that the agreement is in addition to its previously announced turbine order.
"As demand for dependable, large-scale power generation continues to accelerate, particularly from AI data center customers, we are strengthening our collaboration with Siemens Energy through this agreement," said Brandy Johnson, chief technology officer of BW.
"With a strong pipeline of near-term data center and power generation opportunities, we are positioned to help customers accelerate project schedules while maintaining the reliability and performance they require," she added.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
August 11, 2026 07:23 ET (11:23 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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