Philadelphia, Pennsylvania--(Newsfile Corp. - April 17, 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. To learn your rights, CLICK HERE.

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 a B&W investor and would like to learn more about this action, CLICK HERE or 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.

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Source: Berger Montague