Babcock & Wilcox (BW)

Wolfpack Research published on Babcock & Wilcox (NYSE: BW — $1.37 billion), an energy and environmental technologies company. Wolfpack alleged that Babcock & Wilcox’s recent multi-billion-dollar deal to provide power-generating boilers is with an entity created by its largest shareholder, BRC Group (formerly B. Riley). As such, Wolfpack believes the deal lacks credibility, noting that BRC’s CEO, Bryant Riley, sold $10.4 million of BW stock last month.