Babcock & Wilcox shares surge 10.03% after hours on $40M contract, $80M carbon capture project, and Siemens partnership.

Babcock & Wilcox Enterprises surged 10.03% in after-hours trading following a series of strategic and financial developments. The stock hit a 52-week high of $10.98, reflecting a 684.89% annual gain, driven by a $40 million contract for wet gas scrubbing technology in Canada, an $80 million carbon capture project in the U.S., and a partnership with Siemens Energy for a one-gigawatt power project. The company also redeemed $26 million in senior notes, reducing debt, and expanded its board with Dr. Homaira Akbari. These milestones underscore investor confidence in Babcock & Wilcox’s market positioning, technological innovation, and operational execution, aligning with the sharp post-market rally.