A securities class action lawsuit has been filed against Babcock & Wilcox Enterprises, Inc. (BW) for allegedly making false and misleading statements regarding a Power Generation Contract with Applied Digital. The lawsuit claims that B&W's largest shareholder BRC Group Holdings stood on both sides of the contract and that Applied Digital did not actually need the products/services, raising questions about revenue recognition. Investors who purchased BW securities between November 5, 2025 and March 11, 2026 may be eligible for compensation. The lead plaintiff deadline is June 15, 2026.

The Gross Law Firm has filed a securities class action lawsuit against Babcock & Wilcox Enterprises (BW) for the period November 5, 2025 to March 11, 2026. The complaint alleges that the company issued materially false and misleading statements regarding a power generation contract with Applied Digital, claiming that BRC (the largest shareholder) had undisclosed conflicts of interest on both sides of the deal and that Applied Digital may not have actually needed the products/services, raising questions about revenue recognition and overstating business prospects.

A class action lawsuit has been filed against Babcock & Wilcox Enterprises, Inc. for allegedly making false and misleading statements regarding a Power Generation Contract with Applied Digital. The lawsuit claims the company's largest shareholder BRC Group Holdings stood on both sides of the deal and that Applied Digital may not have actually needed the products/services, raising questions about revenue recognition and overstated business prospects. Investors who purchased B&W securities between November 5, 2025 and March 11, 2026 can seek lead plaintiff status by June 15, 2026.

US equities rallied post-Memorial Day with strong AI and small-cap leadership, as de-escalation hopes in the US-Iran conflict drove oil prices lower. Micron Technology surged 18% to cross $1 trillion market cap on a UBS price target hike, while quantum computing and space stocks rallied on government funding and SpaceX IPO anticipation. The Nasdaq rose 1.11% and Russell 2000 jumped 1.74%, though the Dow declined 0.19% as defensive sectors unwound.

Applied Digital announced another major 15-year lease agreement worth approximately $7.5 billion with a hyperscaler for its Polaris Forge 3 data center site, covering 300 MW of AI computing capacity. The deal brings the company's total contracted lease revenue to $31 billion across four campuses, with operations expected to begin in August 2027. The stock surged 21.68% on the announcement.

Pomerantz LLP filed a class action lawsuit against Babcock & Wilcox Enterprises (BW) and certain officers for alleged securities fraud. The lawsuit alleges that defendants made materially false statements regarding a $2.4 billion power generation contract with Base Electron, failing to disclose that BW's largest shareholder BRC had undisclosed ties to the counterparty and that Applied Digital may not have needed the products/services. The stock fell 11.59% following a Wolfpack Research report exposing these relationships on March 12, 2026.

Leopold Aschenbrenner's Situational Awareness LP fund has doubled its equity exposure to $13.68B, positioning heavily in physical AI infrastructure and energy suppliers while hedging semiconductor exposure. The fund's thesis argues that power and electricity, not chips, represent the real bottleneck for AI scaling. The portfolio employs a barbell strategy: aggressive longs in energy infrastructure (Bloom Energy, Bitcoin miners turned AI operators) and optical components, combined with significant put hedges on semiconductor names to protect against potential sector rotation.

As semiconductor and memory chip stocks reach elevated valuations, capital is expected to rotate into AI data center infrastructure. Three companies are highlighted: Applied Digital (APLD) with $23 billion in contracted revenue and 139% YoY growth; Iren (IREN) with a $9.7 billion Microsoft deal and $3.4 billion NVIDIA contract; and CoreWeave (CRWV), the largest with $5.13 billion in annual revenue growing at triple-digit rates.

A securities class action lawsuit has been filed against Babcock & Wilcox Enterprises (BW) for allegedly making false and misleading statements regarding a Power Generation Contract. The lawsuit claims that B&W's largest shareholder BRC Group Holdings stood on both sides of the contract and that Applied Digital did not actually need the products/services, raising questions about revenue recognition and overstating business prospects. Investors who purchased BW securities between November 5, 2025 and March 11, 2026 may be entitled to compensation, with a June 15, 2026 deadline to serve as lead plaintiff.

Pomerantz LLP has filed a class action lawsuit against Babcock & Wilcox Enterprises (BW) and certain officers for alleged securities fraud. The lawsuit claims defendants made materially false statements regarding a $2.4 billion power generation contract with Base Electron/Applied Digital, failing to disclose that BW's largest shareholder BRC had undisclosed ties to the counterparty and that the deal's true purpose may have been to provide exit liquidity for BRC rather than genuine business operations. The stock fell 11.59% following a short report by Wolfpack Research that exposed these relationships on March 12, 2026.

A securities class action lawsuit has been filed against Babcock & Wilcox Enterprises, Inc. (BW) for allegedly making false and misleading statements regarding a Power Generation contract with Applied Digital. The lawsuit claims B&W's largest shareholder BRC had undisclosed conflicts of interest and that Applied Digital may not have actually needed the products/services, raising questions about revenue recognition. Investors who purchased B&W securities between November 5, 2025 and March 11, 2026 may be eligible for compensation, with a June 15, 2026 deadline to serve as lead plaintiff.

A class action lawsuit has been filed against Babcock & Wilcox Enterprises, Inc. (BW) for allegedly making false and misleading statements regarding a Power Generation Contract with Applied Digital. The lawsuit claims that B&W's largest shareholder BRC Group Holdings had undisclosed conflicts of interest and that Applied Digital may not have actually needed the products/services, raising questions about revenue recognition and overstated business prospects.