Babcock & Wilcox Shares Rise on Siemens Deal for Data Center Project
By Katherine Hamilton
Babcock & Wilcox Enterprises shares rose after the company said Siemens Energy will supply steam turbine generator sets for its project providing energy to data centers.
The stock gained 19% to $7.04 Thursday. Shares are up 11.5% this year.
The Akron, Ohio, energy company said it entered an agreement with Siemens for a limited notice to proceed to secure the turbine sets.
The agreement is expected to deliver power to B&W's data center project by the end of 2028, with the full contract release slated for the first quarter of 2026.
B&W is developing the energy plant for Applied Digital's data center needs for AI development. It has agreed to design and install four 300-megawatt natural gas-fired power plants. The data center project is expected to deliver one gigawatt of power, B&W said.
B&W expects to sign an ongoing parts and services contract once commercial operation starts.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 08, 2026 11:43 ET (16:43 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States