On August 31, 2026, Needham initiated coverage of Babcock & Wilcox Enterprises, Inc. (NYSE: BWNB) with a Buy recommendation. As of August 29, the company’s consensus target price was $75.89, reflecting a previous target of $68.08, yielding a consensus revision of +11.47%.
For the quarterly period ending June 30, 2026, Babcock & Wilcox reported an Adjusted Net Income of $9.1 million, compared to a loss per share of $0.63 in the same period in 2025. The company’s Adjusted EBITDA rose to $21.8 million, up from $13.9 million year-over-year. They have also raised their full-year 2026 Adjusted EBITDA target range to $80.0 million to $105.0 million.
The current recommendation period includes 11 total recommendations: 3 strong buy, 7 buy, and 1 hold, indicating a positive recommendation percentage of 90.9%.
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