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Practice Area: Securities Fraud & Investor Protection
Case Status: Pending
Ticker Symbol: NYSE: BW
Investigation Deadline: June 15, 2026
National plaintiffs’ law firm Berger Montague PC announces a class action lawsuit against Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (“B&W” or the “Company”) on behalf of investors who purchased or acquired B&W shares during the period from November 5, 2025 through March 11, 2026 (the “Class Period”)..
Investor Deadline: Investors who purchased or acquired B&W securities during the Class Period may, no later than June 15, 2026, seek to be appointed as a lead plaintiff representative of the class.
B&W, headquartered in Akron, Ohio, is an energy and environmental technologies company serving power and industrial markets.
As the suit alleges, on November 4, 2025, B&W announced its entry into an agreement for a project to deliver power (the “Power Generation Contract”) for an artificial intelligence factory owned and operated by Applied Digital Corporation (“Applied Digital”). Defendants repeatedly touted the purported value of the Power Generation LNTP “at over $1.5 billion.”
According to the Complaint, B&W failed to disclose that its largest shareholder, BRC Group Holdings, Inc., stood on both sides of the Power Generation Contract and maintained close ties to the Company’s counterparty, and that Applied Digital did not need the products and services contemplated under the agreement.
On March 12, 2026, Wolfpack Research published a report highlighting these relationships and questioning the economic substance of the transaction. Following this disclosure, B&W’s stock price fell $1.71 per share, or 11.59%, to close at $13.05 per share.
If you are an B&W investor and would like to learn more about this action, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.
About Berger Montague
Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.
For more information or to discuss your rights, please contact:
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com
Caitlin Adorni
Director of Portfolio and Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
cadorni@bergermontague.com
Director of Portfolio and Institutional Client Monitoring Services
A class action has been filed against the company over losses suffered by investors and Berger Montague is currently speaking with investors about their options.
Your information will be reviewed by our legal team. If you appear eligible, we will contact you as soon as possible to discuss next steps and answer any questions you may have.
Yes. Any information you provide will be kept secure and used only for purposes related to this investigation.
No. An initial consultation is completely free of charge. If you qualify, you will not be asked to pay any upfront legal fees.
