Babcock & Wilcox Enterprises Inc

AXT, T1 Energy, and Babcock & Wilcox Enterprises all moved sharply higher on Friday, driven by AI-related demand and new U.S. solar tariffs. AXT rose about 3.1% to around $79.83, lifted by a broad rally in optical connectivity names, after reporting Q2 FY26 revenue of $47.59 million, up 164.8% year over year. T1 Energy jumped about 9.5% as new U.S. solar tariffs and a possible polysilicon price floor protect its domestic manufacturing plans, following Q2 revenue of $250.13 million that beat consensus by roughly 26%. Babcock & Wilcox gained 11% after Ameriprise Financial disclosed a 7.66 million-share position, and the company announced work on 20 steam turbines with Siemens Energy for data center power, with Q2 revenue up 121.9% year over year to $319.7 million.

Rocket Lab shares fell as much as 5.7% after the company's Neutron rocket timeline softened, with an analyst noting that while Neutron remains on track to reach the launch pad in the fourth quarter, an initial launch could be pushed to 2027. Riot Platforms struck a $9.1 billion, 20-year deal with Anthropic to supply 191 megawatts of AI data center capacity from its Rockdale, Texas campus. Babcock & Wilcox Enterprises rose in premarket after signing an agreement with Siemens Energy to produce steam turbine generator sets. US-listed shares of On Holding dropped as much as 17% in premarket trading after the Swiss sneaker maker's second-quarter sales came in lower than expected.

Babcock & Wilcox shares surged 37.3% pre-market Tuesday after the power generation equipment maker reported second-quarter profit and revenue that easily exceeded analyst consensus and signed an agreement with Siemens Energy to begin work on 20 steam-turbine generator sets providing 1 GW of capacity for data center projects. The company swung to a net profit of $14.3 million from a net loss of $58.5 million a year earlier, while revenue rose 130% year-over-year to $319.7 million, citing strong activity across large projects including the Base Electron AI data center initiative. The agreement positions Babcock & Wilcox to deliver 20 50 MW steam turbines on accelerated timelines and is in addition to a previously announced turbine order. The company now forecasts full-year adjusted EBITDA of $80 million to $105 million, pointing to better-than-expected first-half performance and improving second-half demand visibility.

Babcock & Wilcox has signed an agreement with Siemens Energy to commence work on 20 steam turbine generator sets totaling 1 gigawatt of generating capacity for its FastPower program serving data center projects. This agreement is in addition to a previously announced turbine order and secures 1 GW of capacity to meet accelerating demand from AI data center customers. B&W Chief Technology Officer Brandy Johnson said the collaboration positions the company to deliver reliable, high-capacity energy solutions on accelerated timelines. Siemens Energy Senior Vice President Tobias Panse noted the deal reflects growing U.S. demand for reliable, affordable, and resilient energy infrastructure.

Several stocks made significant moves on Tuesday, driven by earnings reports and major business developments. Riot Platforms shares jumped 19% after the Bitcoin miner secured a 20-year, 191-megawatt data center lease with Anthropic, expected to generate $9.1 billion in initial revenue through June 2048, with extension options potentially raising the total to $16.1 billion. Plug Power climbed 8% as the hydrogen fuel-cell company reported better-than-expected second-quarter results, achieved near breakeven gross margin, and raised its 2026 revenue growth target to 15% to 16%. Rocket Lab shares plunged 9% despite record second-quarter revenue of $234.1 million and strong third-quarter guidance, as investors focused on weaker margin expectations and continued losses. Babcock & Wilcox Enterprises surged 41% after topping Wall Street expectations and raising its 2026 profitability target, while Upwork tumbled 20% on a slight earnings miss and significantly weaker guidance.

The global pressure vessels market is projected to grow from USD 57.55 billion in 2026 to USD 73.24 billion by 2031, a compound annual growth rate of 4.9 percent. Storage vessels are expected to hold the second-largest market share by type in 2026, driven by demand from oil and gas, chemical manufacturing, and power generation. Within the processing vessels segment, reactors are forecast to be the fastest-growing subcategory through 2031, supported by increased investment in controlled chemical and industrial processes. North America is positioned as the second-fastest-growing regional market, with growth fueled by clean energy projects, infrastructure modernization, and tighter safety regulations. Major companies in the market include Babcock & Wilcox Enterprises, GE Vernova, Larsen & Toubro, Mitsubishi Heavy Industries, and IHI Corporation.