Babcock & Wilcox initiated with an Outperform at Northland

Northland analyst Jeff Grampp initiated coverage of Babcock & Wilcox with an Outperform rating and $10 price target The thermal power and energy infrastructure engineering company had “a transformational 2025” that included significant de-levering through asset sales and capital raises along with a $1.5B contract to build a power plant for a data center, the analyst tells investors. The firm expects significant growth over the next several years through an improving base business and the data center contract, the analyst added.