Back to top

Analyst Blog

The Babcock & Wilcox Company (BWC - Snapshot Report) has won 2 U.S. Naval Reactors Program contracts to render procurement and assembling services. Babcock & Wilcox will execute the deals, worth $36 million, through its affiliate Babcock & Wilcox Nuclear Operations Group Inc.

The first contract is for the assembly of nuclear propulsion components for Virginia Class submarines for $32 million. Work for the same started in fourth quarter 2012 at B&W’s Lynchburg, Va. facility, and will take 4 years for completion.

The second contract, valued at $4 million, includes procurement of long-lead materials associated with the manufacture of nuclear components for Virginia Class submarines.

Earlier this month, B&W also received contracts worth more than $510 million for the manufacture of nuclear components as well as naval nuclear power systems.

Headquartered in Charlotte, North Carolina, Babcock & Wilcox is engaged in providing clean energy technology and services for the nuclear, fossil and renewable power markets worldwide. The company – which was spun off as a separate, independent and publicly traded entity from energy-focused engineering and construction firm McDermott International (MDR - Analyst Report) in Aug 2010 – operates in four business units: Power Generation, Nuclear Operations, Technical Services and Nuclear Energy.

B&W currently carries a Zacks Rank #4 (Sell), implying that it is expected to underperform the broader U.S. equity market over the next one to three months.

However, certain other engineering firms in the energy sector like Gardner Denver Inc. and Graco Inc. (GGG - Snapshot Report) are expected to outperform the equity market in the next one to three months. Both the stocks currently hold 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
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%