The Babcock & Wilcox Enterprises, Inc. class action lawsuit was filed on behalf of those who purchased or otherwise acquired Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE: BW; BWNB; AND BW PRA) securities between November 5, 2025 and March 11, 2026, inclusive (the “Class Period”). Captioned Caleb Cho v. Babcock & Wilcox Enterprises, Inc., No. 26-cv-00886 (N.D. Ohio), the B&W class action lawsuit alleges that B&W and/or certain of its officers and/or directors violated federal securities laws by making false or misleading statements and/or omitted to disclose material information.
If you lost money as a result of your B&W investment and want to find out more about this action and your rights, fill out the form on this page or contact attorney Jonathan Naji, Esq. of KTMC by calling (484) 270-1453 or via e-mail at info@ktmc.com.
COMPLAINT ALLEGATION SUMMARY:
B&W and its subsidiaries provide energy and emissions control solutions to industrial, electrical utility, municipal, and other customers internationally. The company’s largest shareholder is BRC Group Holdings, Inc. (“BRC”). In November of 2025, B&W announced that it was entering a preliminary agreement (the “Power Generation LNTP”) for a power delivery project for an artificial intelligence factory owned and operated by Applied Digital Corporation (“Applied Digital”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) BRC held interests in both sides of the Power Generation Contract and had close ties to Applied Digital; (2) Applied Digital did not need the products and services that B&W would purportedly supply pursuant to the Power Generation LNTP and Contract; (3) the lack of clear need behind the agreement would raise questions about the parties’ actual intent, including whether the company is likely to recognize revenues from these agreements; (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHY DID B&W’S STOCK DROP?
On March 12, 2026, a research group published a report alleging that B&W failed to disclose the close relationships between its largest shareholder and the other companies it was working and contracting with. The report went on to reveal that Applied Digital did not need the products that B&W was to provide per the Power Generation contract, and that “the ultimate purpose of this deal may be to provide exit liquidity for [BRC]”. On this news, B&W’s stock price fell more than 11%.
THE LEAD PLAINTIFF PROCESS:
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired B&W securities during the Class Period to seek appointment as lead plaintiff in the B&W class action lawsuit. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Filling out the online form above or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.