On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Babcock & Wilcox (NYSE:BW) is a “great spec on the construction of power plants. Let’s wait until it goes down a little bit and then pull the trigger.”
On the earnings front, Babcock & Wilcox, on Nov. 4, reported better-than-expected third-quarter EPS results. The company posted a quarterly loss of 6 cents per share, versus market estimates of a loss of 9 cents per share.
MNTN, Inc. (NYSE:MNTN) is just “awful,” Cramer said. “They have to make money, or else it won’t turn around.”
Morgan Stanley analyst Matthew Cost, on Tuesday, maintained MNTN with an Equal-Weight rating and lowered the price target from $22.50 to $20.50.
Price Action:
- MNTN shares fell 2% to close at $11.70 during the session.
With a market cap of $0.86 billion, MNTN remains a relatively small player in the communication services sector, which could impact its competitive positioning against larger, more established firms.
- Babcock & Wilcox shares fell 3.2% to settle at $8.22 on Wednesday.
Babcock & Wilcox’s stock has experienced significant volatility over the past year, with a remarkable 52-week range of $0.22 to $8.58, indicating a strong recovery from its lows.
The company’s market capitalization of $0.93 billion reflects its position in the electrical equipment sector, which is currently navigating shifts in demand amid the global energy transition.
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