BW is trading 4.8% down at $15.14, extending sharp losses following a short-seller attack on its flagship $2.4 billion power contract and subsequent class-action lawsuit headlines.
- The stock previously fell 10.5% on June 23, dropping from $17.76 to $15.90 as pressure mounted over the Base Electron contract structure.
- Investor sentiment remains fragile due to alleged conflicts involving major shareholder BRC Group, despite no fresh company news being released today.