Babcock & Wilcox is up about 15% premarket after Q3 revenue more than doubled to $290.8M, up 109% year over year and 28% above the $226.5M analysts expected, driven by large power projects including $77.8M from the Base Electron project. Backlog jumped to $2.5B, and management set a 2027 adjusted EBITDA target of $125M-$140M, with a pipeline above $16B including about $6B tied to data centers.
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