Babcock & Wilcox Enterprises IncAnnounced work on 20 steam turbines with Siemens Energy for data center power, boosting demand.
AXT, T1 Energy, and Babcock & Wilcox Enterprises all moved sharply higher on Friday, driven by AI-related demand and new U.S. solar tariffs. AXT rose about 3.1% to around $79.83, lifted by a broad rally in optical connectivity names, after reporting Q2 FY26 revenue of $47.59 million, up 164.8% year over year. T1 Energy jumped about 9.5% as new U.S. solar tariffs and a possible polysilicon price floor protect its domestic manufacturing plans, following Q2 revenue of $250.13 million that beat consensus by roughly 26%. Babcock & Wilcox gained 11% after Ameriprise Financial disclosed a 7.66 million-share position, and the company announced work on 20 steam turbines with Siemens Energy for data center power, with Q2 revenue up 121.9% year over year to $319.7 million.
Babcock & Wilcox Enterprises IncAnnounced work on 20 steam turbines with Siemens Energy for data center power, boosting demand.
T1 Energy Inc.New U.S. solar tariffs and possible polysilicon price floor protect domestic manufacturing plans.
Siemens AktiengesellschaftPartnership with Babcock & Wilcox on 20 steam turbines for data center power indicates demand.
AXT IncAI-related demand drives optical connectivity rally, lifting AXT shares.
NVIDIA Corporation