Fintel reports that on August 31, 2026, Needham initiated coverage of Babcock & Wilcox Enterprises, Inc. - Corporate Bond (NYSE:BWNB) with a Buy recommendation.

Babcock & Wilcox Enterprises, Inc., headquartered in the United States, operates primarily in the power generation sector, offering a variety of services and technologies to enhance the efficiency and environmental quality of energy production. The company has historically been pivotal in the design and manufacture of boilers and nuclear components, positioning itself as a leader in clean energy projects and services that support both fossil and renewable power generation.

As of August 29, 2026, the current consensus target mean for the company was $75.89, with a median target of $77.01. The prior consensus target mean was $68.08 as of August 4, 2026, with a consensus target revision percent of +11.47%.

For the current recommendation period of August 1, 2026, the total number of recommendations was 11, consisting of 3 strong buy, 7 buy, and 1 hold recommendations. This represents a positive recommendation percentage of 90.9% and a hold percentage of 9.1%.

According to the company's Form 10-Q filed on August 10, 2026, for the quarterly period ended June 30, 2026, and the accompanying EX-99.1 filing of the same date, Adjusted Net Income, which excludes non-cash warrants and other stock costs, was $9.1 million in the second quarter. The company reported earnings per share of $0.07, compared to a loss per share of $0.63 in the second quarter of 2025. Adjusted EBITDA was $21.8 million, compared to adjusted EBITDA of $13.9 million in the second quarter of 2025. The company also raised its full year 2026 Adjusted EBITDA target range to $80.0 million to $105.0 million.

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This story originally appeared on Fintel.