ATLANTA, GA – – (Globe Newswire – April 15, 2026) – – A shareholder class action lawsuit has been filed against Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW). The lawsuit alleges that Defendants issued false and misleading statements and/or failed to disclose material adverse facts regarding B&W’s business, operations, and prospects, including allegations that: (i) B&W’s largest shareholder, BRC, stood on both sides of the Power Generation Contract and had close ties to B&W’s counterparty; (ii) Applied Digital did not need the products and services that B&W would purportedly supply pursuant to the Power Generation LNTP and Contract; (iii) the foregoing, at the very least, would raise questions about the parties’ actual intent behind entering into the Power Generation LNTP and Contract, including whether the Company is likely to recognize revenues from these agreements; and (iv) accordingly, the business and financial prospects of the Company were overstated.

If you purchased B&W shares between November 5, 2025 and March 11, 2026, and experienced a loss on that investment, you are encouraged to discuss your legal rights by contacting Marshall P. Dees, Esq. at mdees@holzerlaw.com, by toll-free telephone at (888) 508-6832, or by visiting the firm’s website at www.holzerlaw.com/case/babcock-wilcox/ for more information.

The deadline to ask the court to be appointed lead plaintiff in the case is June 15, 2026.