Babcock & Wilcox Secures $40M Contract for Advanced Wet Gas Scrubbing Technology
- Significant Contract Value: Babcock & Wilcox has secured a $40 million contract to supply advanced low-pressure Wet Gas Scrubbing technology to a major petroleum refinery in Canada, representing an additional $30 million commitment from the customer following an initial $10 million order, indicating strong customer confidence in its environmental solutions.
- Environmental Technology Advantages: This technology effectively controls sulfur dioxide emissions from fluid catalytic cracking and fluid coker units, helping refiners meet stringent environmental regulations while also being capable of enhanced treatment for nitrogen oxides and particulate emissions, providing a comprehensive compliance solution.
- Industry Leadership: As a licensee of ExxonMobil's WGS technology, B&W's wet gas scrubbing systems have been successfully deployed in numerous refinery applications worldwide, showcasing high SO₂ removal efficiency and low-energy operation, further solidifying its market position in the North American refining industry.
- Customer Trust Demonstrated: B&W Vice President Justin Chenevey emphasized that this contract underscores customer confidence in B&W's ability to deliver complex environmental solutions on time and on budget, combining ExxonMobil's proven process with B&W's engineering expertise to ensure reliability and flexibility for refineries facing increasingly strict emissions standards.
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- Board Expansion: Babcock & Wilcox has appointed Dr. Homaira Akbari to its Board of Directors, increasing the total number of members to seven, aimed at enhancing corporate governance and strategic decision-making.
- Diverse Experience: Dr. Akbari has served on the boards of over 25 public and private companies, bringing extensive international leadership experience in the energy and finance sectors, which can provide diverse perspectives and expertise to the company.
- Technical Expertise: Her deep knowledge in AI factories, data centers, and power generation systems will support Babcock & Wilcox's long-term value creation in carbon capture and environmental technologies.
- Educational Background: Dr. Akbari holds a Ph.D. in particle physics from Tufts University and an MBA from Carnegie Mellon University, further enhancing her leadership capabilities in technology and business.
Market Trends: Several powerful market themes have emerged in 2026, with significant growth in memory chip shortages and alternative energy sectors, particularly driven by AI-related electricity demand.
Stock Performance: Companies like SanDisk and Bloom Energy have shown impressive stock performance, with SanDisk being the top performer in the S&P 500, while Bloom Energy has established itself as a leading name in the alternative energy space.
Investment Opportunities: Alternative energy stocks are gaining momentum, supported by increasing demand for electric power and advancements in energy storage technologies, creating a unique setup for companies in this sector.
Future Outlook: Analysts remain optimistic about the potential for growth in alternative energy stocks, despite some concerns about valuation risks, as the demand for sustainable energy solutions continues to rise.

Company Overview: Northland Capital Initiates coverage on Block & Wilcox with a target price of $10.
Performance Rating: The coverage comes without a performance rating, indicating a neutral stance on the stock's potential.
- Vaccine Withdrawal: Valneva SE has withdrawn its BLA and IND applications for the IXCHIQ Chikungunya vaccine due to an FDA suspension and review of new serious adverse events, leading to a 7.7% drop in pre-market trading to $9.29, indicating market concerns over its product prospects.
- Market Decline: U.S. stock futures are broadly lower, with Dow futures falling around 700 points, reflecting investor caution regarding economic outlook, which may impact overall market sentiment and exacerbate volatility in other stocks.
- Other Stock Movements: Shares of Rezolve AI PLC and POET Technologies Inc fell 15% and 11.2% respectively in pre-market trading, indicating widespread investor apprehension towards tech stocks, potentially prompting a reassessment of risk appetite.
- Tesla Update: Tesla's stock fell 2.7% to $425.75 in pre-market trading, despite CEO Elon Musk confirming that vehicles equipped with the AI4 chip will achieve unsupervised autonomous driving, suggesting insufficient market confidence in the electric vehicle sector.
- Earnings Beat: Babcock & Wilcox reported a Q3 loss of $0.06 per share on November 4, outperforming market expectations of a $0.09 loss, indicating potential recovery in the electrical equipment sector that may attract investor interest.
- Stock Volatility: The company's shares fell 3.2% to $8.22 on Wednesday, with significant volatility over the past year, showing a 52-week range of $0.22 to $8.58, reflecting mixed market sentiment regarding its recovery.
- Market Capitalization: With a market cap of $0.93 billion, Babcock & Wilcox remains a notable player in the electrical equipment industry, navigating challenges amid the global energy transition, which underscores its competitive positioning.
- Analyst Insights: Morgan Stanley maintained an Equal-Weight rating on MNTN, lowering the price target from $22.50 to $20.50, reflecting concerns over the company's profitability that could impact its future performance.
- Market Observation: Babcock & Wilcox views power plant construction as a great speculative opportunity, planning to invest once stock prices dip slightly, thereby capitalizing on potential gains from market fluctuations.
- Investment Strategy: The company emphasizes the importance of carefully timing entry in the current market environment to avoid losses from buying at high prices, reflecting its focus on risk management.
- Industry Outlook: Despite market volatility, the long-term demand in the power sector remains strong, and Babcock & Wilcox's strategy may yield significant returns in the future, particularly with investment potential in renewable energy.
- Competitive Landscape: Babcock & Wilcox's market positioning in power construction enables it to rebound quickly during industry recoveries, enhancing its competitiveness in the market.








