Back to top

Analyst Blog

Energy engineering and construction services provider, The Babcock & Wilcox Company (BWC - Snapshot Report) announced that its affiliate Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has completed the $155 million acquisition of the industrial products and services company, MEGTEC.

MEGTEC will now function as a subsidiary of B&W PGG and have the trade name Babcock & Wilcox MEGTEC. The acquired entity will, however, remain headquartered in De Pere, WI and continue to be run by the same management.  

Management of the Babcock & Wilcox affiliate stated that the technological development and innovation at both the companies should facilitate further growth and diversification opportunities across the globe.

Last week, Babcock & Wilcox Nuclear Energy, Inc., another affiliate of Babcock & Wilcox, received a multi-year fleet service contract from a unit of electric utility Dominion Resources Inc. (D - Snapshot Report). Per the contract, the affiliate will provide services for Dominion Generation’s three nuclear stations located in North Anna in Mineral, VA Surry in Surry, VA and Millstone in Waterford, CT.

Headquartered in Charlotte, NC, Babcock & Wilcox is engaged in providing clean energy technology and services for the nuclear, fossil and renewable power markets worldwide. The company was spun off from the energy-focused engineering and construction firm McDermott International (MDR - Analyst Report) in 2010 and currently operates in four business units: Power Generation, Nuclear Operations, Technical Services and Nuclear Energy.

Babcock & Wilcox currently carries a Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next one to three months.

Meanwhile, one can consider better-ranked players from the same industry such as Blount International Inc. (BLT - Snapshot Report). The stock currently holds a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LITHIA MOTO… LAD 94.12 +4.08%
DELTA AIR L… DAL 38.87 +3.16%
FLAMEL TECH… FLML 14.45 +3.07%
NUSTAR GP H… NSH 40.98 +2.19%
SOUTHWEST A… LUV 28.60 +1.96%