$BW just delivered a monster quarter and the stock ripped 40%+ premarket. We trimmed half our common position into strength.
Revenue up 130% YoY to $319.7M. Swung from a $58.5M loss to $14.3M net income. They raised 2026 adjusted EBITDA guidance to $80M-$105M and announced a $50M buyback.
The real story: backlog exploded 533% to $2.6B, bookings up 38% to $151M, and their global pipeline now exceeds $14B. They locked in another 1 GW of steam turbines from Siemens Energy for data center projects.
CEO Kenneth Young called out accelerating demand from AI data centers, utilities, and industrial customers driving power-gen capacity investment. This is the AI infrastructure buildout thesis playing out in real time.
We're holding the other half for the ride, but taking chips off after a move like this is textbook. $VST and $NVDA remain core positions as the compute arms race continues.
Revenue up 130% YoY to $319.7M. Swung from a $58.5M loss to $14.3M net income. They raised 2026 adjusted EBITDA guidance to $80M-$105M and announced a $50M buyback.
The real story: backlog exploded 533% to $2.6B, bookings up 38% to $151M, and their global pipeline now exceeds $14B. They locked in another 1 GW of steam turbines from Siemens Energy for data center projects.
CEO Kenneth Young called out accelerating demand from AI data centers, utilities, and industrial customers driving power-gen capacity investment. This is the AI infrastructure buildout thesis playing out in real time.
We're holding the other half for the ride, but taking chips off after a move like this is textbook. $VST and $NVDA remain core positions as the compute arms race continues.