Babcock & Wilcox rises on $40 million Canadian refinery contract
ReutersDec 19, 2025 3:32 PM
Shares of energy tech company Babcock & Wilcox Enterprises BW.N up 3.7% at $4.99
Company says it has received a $40 million contract to supply advanced low-pressure wet gas scrubbing (WGS) technology for installation at a major petroleum refinery in Canada
The deal reflects an additional $30 million commitment from the same customer, following a $10 million order announced in September
BW's WGS technology is designed to help refineries meet stringent environmental standards by controlling sulphur dioxide emissions
Including session's moves, BW shares have more than tripled YTD
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