Babcock & Wilcox jumps after full go-ahead for $2.4 bln power project

Shares of energy tech company Babcock & Wilcox Enterprises BW.N rise 14.3% to $9.26 premarket

Co receives full notice to proceed on a $2.4 billion design-build agreement with Base Electron, backed by Applied Digital APLD.O, to deliver 1.2 gigawatts (GW) of new generation capacity

Co says the project includes four 300-megawatt natural gas-fired boilers and steam turbine generator systems

"Additionally, we are evaluating an option with Base Electron for another 1.2 GW of generation capacity to support future development," says APLD CEO Wes Cummins

Co posts Q4 revenue of $161 million vs estimate of $155.60 million - data compiled by LSEG

Up to last close, BW up 27.76% YTD