{"success":true,"data":{"pressRelease":{"id":"5732","rtpr_id":"nACSMVyG1a","ticker":"BW","exchange":"NYSE","all_tickers":["BW"],"title":"Pomerantz LLP Announces The Filing of a Class Action Against Babcock & Wilcox Enterprises, Inc.  – BW","author":"ACCESSWIRE","published_at":"2026-04-23T00:00:00.918Z","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / April\n22, 2026 / Pomerantz LLP announces that a class action lawsuit has been filed\nagainst Babcock & Wilcox Enterprises, Inc. (\"B&W\" or the \"Company\") (NYSE:BW)\nand certain officers.   The class action, filed in the United States\nDistrict Court for the Northern District of Ohio, and docketed under\n26-cv-00886, is on behalf of a class consisting of all persons and entities\nother than Defendants that purchased or otherwise acquired B&W securities\nbetween November 5, 2025 and March 11, 2026, both dates inclusive (the \"Class\nPeriod\"), seeking to recover damages caused by Defendants' violations of the\nfederal securities laws and to pursue remedies under Sections 10(b) and 20(a)\nof the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder,\nagainst the Company and certain of its top officials.\n\nIf you are an investor who purchased or otherwise acquired B&W securities\nduring the Class Period, you have until June 15, 2026, to ask the Court to\nappoint you as Lead Plaintiff for the class.  A copy of the Complaint can be\nobtained at www.pomerantzlaw.com.  To discuss this action, contact Danielle\nPeyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free,\nExt. 7980. Those who inquire by e-mail are encouraged to include their mailing\naddress, telephone number, and the number of shares purchased. \n\n[Click here for information about joining the class action]\n(https://pomlaw.com/learn-more-form?company=BW)\n\nB&W, together with its subsidiaries, provides energy and emissions control\nsolutions to industrial, electrical utility, municipal, and other customers in\nthe United States (\"U.S.\"), Canada, the United Kingdom, Indonesia, and the\nPhilippines.\n\nB&W's largest shareholder is BRC Group Holdings, Inc. (\"BRC\"), formerly B.\nRiley Financial, Inc. BRC's Co-Chief Operating Officer (\"CEO\") and Chairman of\nits Board of Directors is Bryant R. Riley (\"Riley\").\n\nOn November 4, 2025, B&W announced its entry into an agreement for a limited\nnotice to proceed-that is, a preliminary agreement that envisioned a more\ndefinitive agreement in the coming months-for a project to deliver power (the\n\"Power Generation LNTP\") for an artificial intelligence factory owned and\noperated by Applied Digital Corporation (\"Applied Digital\"). Defendants\nrepeatedly touted the purported value of the Power Generation LNTP \"at over\n$1.5 billion\". Defendants did not disclose any involvement on the part of the\nCompany's largest shareholder, BRC.\n\nAlso on November 4, 2025, B&W issued a press release reporting its financial\nresults for the fiscal quarter ended September 30, 2025 (the \"Q3 Earnings\nRelease\"), in which Defendant Kenneth M. Young, B&W's Chairman and CEO touted\nthe Power Generation LNTP's purportedly \"profound\" impact on the Company's\n\"pipeline\" and claimed that the eventual contract pursuant to the Power\nGeneration LNTP \"would serve as upside\" to the Company's projected financial\nperformance in the fiscal year 2026.\n\nThat same day, B&W entered into a sales agreement with BRC and Lake Street\nCapital Markets, LLC in connection with the offering of up to $200 million of\nthe Company's common stock (the \"ATM Offering\"), raising additional capital\nfollowing the announcement of the Power Generation LNTP.\n\nOn November 5, 2025, Defendants filed a prospectus on Form 424B5 with the U.S.\nSecurities and Exchange Commission (\"SEC\") in connection with the ATM\nOffering.\n\nOn November 7, 2025, Defendants issued a press release announcing that they\nhad raised $67.5 million through the ATM Offering, \"including approximately\n$50 million from a single fundamental global institutional investor\". In this\npress release, Defendants explicitly connected the ATM Offering to the Power\nGeneration LNTP, stating that the ATM Offering \"closely follows\" the Power\nGeneration LNTP. Defendants also announced that they were pausing the ATM\nOffering, before reversing course less than one week later.\n\nThe market responded favorably to these updates, as B&W's stock price rose\nover198% from $3.74 on November 4, 2025, the last trading session before the\nCompany announced the Power Generation LNTP and issued the Q3 Earnings\nRelease, to $11.15, on February 3, 2026.\n\nBRC acted quickly to take advantage of B&W's inflated stock price. On February\n11, 2026, BRC, related entities BRF Investments, LLC and B. Riley Securities,\nInc., and Riley, BRC Co-CEO and Chairman, filed a statement of changes in\nbeneficial ownership on Form 4 with the SEC, disclosing that BRC sold its\nentire directly-held position in B&W common stock valued at approximately\n$10.4 million. BRC executed this sale at a stock price of $9,which was 140%\ngreater than B&W's closing stock price on November 4, 2025, the last trading\nsession before the Company announced the Power Generation LNTP and issued the\nQ3 Earnings Release.\n\nOn March 4, 2026, B&W issued a press release announcing it had \"received full\nnotice to proceed on a $2.4 billion design-build agreement with Base Electron,\nan independent power producer backed by Applied Digital . . . to deliver\nproject 1.2 gigawatts (GW) of new generation capacity\" (the \"Power Generation\nContract\").\n\nThe market responded favorably to this news, as well. B&W's stock price rose\n$3.70, or 45%, to close at $11.80 on March 4, 2026.\n\nDefendants repeatedly touted the purported value of the Power Generation\nContract as evidence that B&W's backlog was robust, and that demand for B&W's\nproducts and services was strong. However, Defendants did not disclose that if\nBase Electron defaulted on its obligations under the purportedly $2.4 billion\nagreement, Applied Digital could unilaterally terminate its guarantee of Base\nElectron's obligations under the agreement for as little as $50 million.\n\nThe complaint alleges that, throughout the Class Period, Defendants made\nmaterially false and misleading statements regarding the Company's business,\noperations, and prospects. Specifically, Defendants made false and/or\nmisleading statements and/or failed to disclose that: (i) B&W's largest\nshareholder, BRC, stood on both sides of the Power Generation Contract and had\nclose ties to B&W's counterparty; (ii) Applied Digital did not need the\nproducts and services that B&W would purportedly supply pursuant to the Power\nGeneration LNTP and Contract; (iii) the foregoing, at the very least, would\nraise questions about the parties' actual intent behind entering into the\nPower Generation LNTP and Contract, including whether the Company is likely to\nrecognize revenues from these agreements; (iv) accordingly, the business and\nfinancial prospects of the Company were overstated; and (v) as a result,\nDefendants' public statements were materially false and misleading at all\nrelevant times.\n\nThe truth began to emerge on March 12, 2026, when Wolfpack Research\n(\"Wolfpack\") published a short report alleging that B&W had failed to disclose\nthe close relationship between its largest shareholder, BRC, and Base\nElectron, B&W's counterparty to the Power Generation Contract: Base Electron's\ndirectors included BRC Co-CEO and Chairman Riley, and Base Electron's\nregistered address matched that of BRC's headquarters, not Applied Digital's.\nMoreover, Wolfpack alleged that Applied Digital did not need the products and\nservices that B&W would purportedly provide pursuant to the Power Generation\nContract, and that \"the ultimate purpose of this deal may be to provide exit\nliquidity for [BRC]\". Taken together, the Wolfpack report's contentions called\ninto question whether B&W was likely to recognize revenues from the Power\nGeneration Contract.\n\nFollowing publication of the Wolfpack report, B&W's stock price fell $1.71 per\nshare, or 11.59%, to close at $13.05 per share on March 12, 2026.\n\nPomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris,\nand Tel Aviv, is acknowledged as one of the premier firms in the areas of\ncorporate, securities, and antitrust class litigation. Founded by the late\nAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz\npioneered the field of securities class actions. Today, more than 85 years\nlater, Pomerantz continues in the tradition he established, fighting for the\nrights of the victims of securities fraud, breaches of fiduciary duty, and\ncorporate misconduct. The Firm has recovered billions of dollars in damages\nawards on behalf of class members. See www.pomlaw.com.\n\nAttorney advertising.  Prior results do not guarantee similar outcomes.\n\nSOURCE: Pomerantz LLP\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-llp-announces-the-filing-of-a-class-action-against-bab-1157931)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSMVyG1a","title":"Pomerantz LLP Announces The Filing of a Class Action Against Babcock & Wilcox Enterprises, Inc.  – BW","author":"ACCESSWIRE","ticker":"BW","created":"2026-04-23T00:00:00.918Z","tickers":["BW"],"exchange":"NYSE","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / April\n22, 2026 / Pomerantz LLP announces that a class action lawsuit has been filed\nagainst Babcock & Wilcox Enterprises, Inc. (\"B&W\" or the \"Company\") (NYSE:BW)\nand certain officers.   The class action, filed in the United States\nDistrict Court for the Northern District of Ohio, and docketed under\n26-cv-00886, is on behalf of a class consisting of all persons and entities\nother than Defendants that purchased or otherwise acquired B&W securities\nbetween November 5, 2025 and March 11, 2026, both dates inclusive (the \"Class\nPeriod\"), seeking to recover damages caused by Defendants' violations of the\nfederal securities laws and to pursue remedies under Sections 10(b) and 20(a)\nof the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder,\nagainst the Company and certain of its top officials.\n\nIf you are an investor who purchased or otherwise acquired B&W securities\nduring the Class Period, you have until June 15, 2026, to ask the Court to\nappoint you as Lead Plaintiff for the class.  A copy of the Complaint can be\nobtained at www.pomerantzlaw.com.  To discuss this action, contact Danielle\nPeyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free,\nExt. 7980. Those who inquire by e-mail are encouraged to include their mailing\naddress, telephone number, and the number of shares purchased. \n\n[Click here for information about joining the class action]\n(https://pomlaw.com/learn-more-form?company=BW)\n\nB&W, together with its subsidiaries, provides energy and emissions control\nsolutions to industrial, electrical utility, municipal, and other customers in\nthe United States (\"U.S.\"), Canada, the United Kingdom, Indonesia, and the\nPhilippines.\n\nB&W's largest shareholder is BRC Group Holdings, Inc. (\"BRC\"), formerly B.\nRiley Financial, Inc. BRC's Co-Chief Operating Officer (\"CEO\") and Chairman of\nits Board of Directors is Bryant R. Riley (\"Riley\").\n\nOn November 4, 2025, B&W announced its entry into an agreement for a limited\nnotice to proceed-that is, a preliminary agreement that envisioned a more\ndefinitive agreement in the coming months-for a project to deliver power (the\n\"Power Generation LNTP\") for an artificial intelligence factory owned and\noperated by Applied Digital Corporation (\"Applied Digital\"). Defendants\nrepeatedly touted the purported value of the Power Generation LNTP \"at over\n$1.5 billion\". Defendants did not disclose any involvement on the part of the\nCompany's largest shareholder, BRC.\n\nAlso on November 4, 2025, B&W issued a press release reporting its financial\nresults for the fiscal quarter ended September 30, 2025 (the \"Q3 Earnings\nRelease\"), in which Defendant Kenneth M. Young, B&W's Chairman and CEO touted\nthe Power Generation LNTP's purportedly \"profound\" impact on the Company's\n\"pipeline\" and claimed that the eventual contract pursuant to the Power\nGeneration LNTP \"would serve as upside\" to the Company's projected financial\nperformance in the fiscal year 2026.\n\nThat same day, B&W entered into a sales agreement with BRC and Lake Street\nCapital Markets, LLC in connection with the offering of up to $200 million of\nthe Company's common stock (the \"ATM Offering\"), raising additional capital\nfollowing the announcement of the Power Generation LNTP.\n\nOn November 5, 2025, Defendants filed a prospectus on Form 424B5 with the U.S.\nSecurities and Exchange Commission (\"SEC\") in connection with the ATM\nOffering.\n\nOn November 7, 2025, Defendants issued a press release announcing that they\nhad raised $67.5 million through the ATM Offering, \"including approximately\n$50 million from a single fundamental global institutional investor\". In this\npress release, Defendants explicitly connected the ATM Offering to the Power\nGeneration LNTP, stating that the ATM Offering \"closely follows\" the Power\nGeneration LNTP. Defendants also announced that they were pausing the ATM\nOffering, before reversing course less than one week later.\n\nThe market responded favorably to these updates, as B&W's stock price rose\nover198% from $3.74 on November 4, 2025, the last trading session before the\nCompany announced the Power Generation LNTP and issued the Q3 Earnings\nRelease, to $11.15, on February 3, 2026.\n\nBRC acted quickly to take advantage of B&W's inflated stock price. On February\n11, 2026, BRC, related entities BRF Investments, LLC and B. Riley Securities,\nInc., and Riley, BRC Co-CEO and Chairman, filed a statement of changes in\nbeneficial ownership on Form 4 with the SEC, disclosing that BRC sold its\nentire directly-held position in B&W common stock valued at approximately\n$10.4 million. BRC executed this sale at a stock price of $9,which was 140%\ngreater than B&W's closing stock price on November 4, 2025, the last trading\nsession before the Company announced the Power Generation LNTP and issued the\nQ3 Earnings Release.\n\nOn March 4, 2026, B&W issued a press release announcing it had \"received full\nnotice to proceed on a $2.4 billion design-build agreement with Base Electron,\nan independent power producer backed by Applied Digital . . . to deliver\nproject 1.2 gigawatts (GW) of new generation capacity\" (the \"Power Generation\nContract\").\n\nThe market responded favorably to this news, as well. B&W's stock price rose\n$3.70, or 45%, to close at $11.80 on March 4, 2026.\n\nDefendants repeatedly touted the purported value of the Power Generation\nContract as evidence that B&W's backlog was robust, and that demand for B&W's\nproducts and services was strong. However, Defendants did not disclose that if\nBase Electron defaulted on its obligations under the purportedly $2.4 billion\nagreement, Applied Digital could unilaterally terminate its guarantee of Base\nElectron's obligations under the agreement for as little as $50 million.\n\nThe complaint alleges that, throughout the Class Period, Defendants made\nmaterially false and misleading statements regarding the Company's business,\noperations, and prospects. Specifically, Defendants made false and/or\nmisleading statements and/or failed to disclose that: (i) B&W's largest\nshareholder, BRC, stood on both sides of the Power Generation Contract and had\nclose ties to B&W's counterparty; (ii) Applied Digital did not need the\nproducts and services that B&W would purportedly supply pursuant to the Power\nGeneration LNTP and Contract; (iii) the foregoing, at the very least, would\nraise questions about the parties' actual intent behind entering into the\nPower Generation LNTP and Contract, including whether the Company is likely to\nrecognize revenues from these agreements; (iv) accordingly, the business and\nfinancial prospects of the Company were overstated; and (v) as a result,\nDefendants' public statements were materially false and misleading at all\nrelevant times.\n\nThe truth began to emerge on March 12, 2026, when Wolfpack Research\n(\"Wolfpack\") published a short report alleging that B&W had failed to disclose\nthe close relationship between its largest shareholder, BRC, and Base\nElectron, B&W's counterparty to the Power Generation Contract: Base Electron's\ndirectors included BRC Co-CEO and Chairman Riley, and Base Electron's\nregistered address matched that of BRC's headquarters, not Applied Digital's.\nMoreover, Wolfpack alleged that Applied Digital did not need the products and\nservices that B&W would purportedly provide pursuant to the Power Generation\nContract, and that \"the ultimate purpose of this deal may be to provide exit\nliquidity for [BRC]\". Taken together, the Wolfpack report's contentions called\ninto question whether B&W was likely to recognize revenues from the Power\nGeneration Contract.\n\nFollowing publication of the Wolfpack report, B&W's stock price fell $1.71 per\nshare, or 11.59%, to close at $13.05 per share on March 12, 2026.\n\nPomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris,\nand Tel Aviv, is acknowledged as one of the premier firms in the areas of\ncorporate, securities, and antitrust class litigation. Founded by the late\nAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz\npioneered the field of securities class actions. Today, more than 85 years\nlater, Pomerantz continues in the tradition he established, fighting for the\nrights of the victims of securities fraud, breaches of fiduciary duty, and\ncorporate misconduct. The Firm has recovered billions of dollars in damages\nawards on behalf of class members. See www.pomlaw.com.\n\nAttorney advertising.  Prior results do not guarantee similar outcomes.\n\nSOURCE: Pomerantz LLP\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-llp-announces-the-filing-of-a-class-action-against-bab-1157931)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-04-23T00:00:00.961894728Z","server_sent_at_ms":1776902400961},"received_at":"2026-04-23T00:00:01.021Z","source_url":"https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-llp-announces-the-filing-of-a-class-action-against-bab-1157931"},"analysis":null,"durationMs":null,"modelName":null}}