Shares of Babcock & Wilcox Enterprises, Inc. (BW) rose 25.43 percent to $10.16 on Wednesday, up $2.06, after the company reported a significantly lower fourth quarter loss and announced a $2.4 billion project agreement.
In the fourth quarter, the company reported a loss from continuing operations of $3.5 million, or $0.05 per share, compared to a loss of $53.8 million, or $0.61 per share, in the prior year. Adjusted EBITDA increased from USD 10.7 million to USD 16.4 million, while revenue amounted to USD 161.0 million.
