🟢 Babcock & Wilcox up 4.4% as investors weigh looming lawsuit deadline against AI deal potential

Shares of Babcock & Wilcox Enterprises Inc. are rebounding 4.4% to $17.08 in pre-market trading, though the stock remains volatile amidst significant legal and financial overhang.

• The bounce comes after a 12.2% drop on Friday, with investors grappling with a looming June 15, 2026, lead plaintiff deadline for multiple class-action lawsuits alleging securities fraud.
• The lawsuits, and a recent short-seller report, question the legitimacy of the company's cornerstone $2.4 billion AI data center power contract, which has been the primary driver of the stock's recent rally.
• Recent financing, including a $200 million equity offering, has also raised concerns about shareholder dilution, adding to the stock's recent turbulence.