Babcock & Wilcox
This stock recently caught an upgrade and has performed well this year. Babcock & Wilcox Enterprises Inc. (NYSE: BW) provides energy and environmental technologies and services for the power and industrial markets worldwide. The company operates through three segments.
The Renewable segment offers technologies for waste-to-energy and biomass energy systems, as well as black liquor systems for the pulp and paper industry. This segment provides technologies to support solutions for diverting waste from landfills to use for power generation and replacing fossil fuels while recovering metals and reducing emissions.
Its Environmental segment offers a range of emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black and industrial steam generation applications. This segment provides systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control.
The Thermal segment offers steam generation equipment and aftermarket parts, as well as construction, maintenance and field services for plants in the power generation, oil and gas and industrial industries. This segment has installed equipment for utilities and general industrial applications, including refining, petrochemical, food processing, metals and others.
D.A. Davidson has upgraded the stock to Buy and has a $10 price target, which is well above the $7.58 consensus target. The stock has had a nice run recently but has yet to break through resistance at $8.00.
Calumet Specialty Products
With oil prices rising this company may be poised to benefit. Calumet Specialty Products L.P. (NASDAQ: CLMT) produces and sells specialty hydrocarbon products in North America and internationally.
Its Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants and other products that are used primarily as raw material components for basic industrial, consumer and automotive goods.
The company’s Fuel Products segment provides fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils, as well as resells purchased crude oil to third party customers. Calumet GP serves as the general partner for Calumet Specialty Products Partners.
The $8 Wells Fargo price target compares with a $5.00 consensus target. Calumet Specialty Products stock hit a 52-week high of $6.41 this week.
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