Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 1

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 1
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 discounts. The amount of net proceeds we will receive
from this offering, if any, will depend upon the actual number of shares of Common Stock sold and the market price at which such shares
are sold. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering
amount, commissions and net proceeds to us, if any, are not determinable at this time. There is no arrangement to place proceeds of the
offering in escrow, trust or similar arrangement.

Investing in our securities involves a high degree of risk, and you should read this prospectus supplement, the accompanying prospectus and the documents incorporated by reference herein before you make your investment decision. Before investing in our securities, you should carefully consider the risk factors described in the section titled “Risk Factors” beginning on page S-4 of this prospectus supplement as well as the risks identified in our most recent Annual Report on Form 10-K and any other filings we make with the Securities and Exchange Commission (the “SEC”) from time to time, which are incorporated by reference in this prospectus supplement.

Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>Lake Street

Craig-Hallum

The date of this prospectus supplement is June
10, 2025.

TABLE OF CONTENTS

Prospectus Supplement</div>

|                                                      | Page |
| ABOUT THIS PROSPECTUS SUPPLEMENT                     | S-ii |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | S-ii |
| PROSPECTUS SUPPLEMENT SUMMARY                        | S-1  |
| THE OFFERING                                         | S-3  |
| RISK FACTORS                                         | S-4  |
| USE OF PROCEEDS                                      | S-8  |
| DILUTION                                             | S-9  |
| DIVIDEND POLICY                                      | S-11 |
| PLAN OF DISTRIBUTION                                 | S-12 |
| LEGAL MATTERS                                        | S-14 |
| EXPERTS                                              | S-14 |
| INFORMATION INCORPORATED BY REFERENCE                | S-14 |
| WHERE YOU CAN FIND MORE INFORMATION                  | S-15 |

<div align='center'>Prospectus</div>

|                                                 |     | Page |
| About This Prospectus                           |     |