Babcock & Wilcox Enterprises has recently completed an underwritten follow-on equity offering of its common stock, raising about US$200 million in gross proceeds at US$18.50 per share to help prepay debt and fund project-related capital needs. The capital raise, backed by institutional and strategic investors including Applied Digital Corporation, is set to support AI data center power projects and commercialization of the company’s BrightLoop technology while reshaping its balance...