Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 23

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 23
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 securities to you, and any applicable commissions or discounts, will be stated in an accompanying prospectus
supplement.

Our common stock is listed
on the New York Stock Exchange under the symbol “BW”, our 8.125% senior notes due 2026 are listed under the New York Stock
Exchange under the symbol “BWSN”, our 6.50% senior notes due 2026 are listed under the New York Stock Exchange under the symbol
“BWNB” and our 7.75% Series A Cumulative Perpetual Preferred Stock is listed on the New York Stock Exchange under the
symbol “BW PRA”. None of the other securities that we may offer under this prospectus are currently publicly traded. On November 20,
2024, the closing price of our common stock was $1.97 per share, the closing price of our 8.125% senior notes due 2026 was $23.88 per
Note, the closing price of our 6.50% senior notes due 2026 was $21.35 per Note and the closing price of our Series A preferred stock
was $13.07 per share.

Investing in any of our securities involves risk. Please read carefully the section entitled “Risk Factors” beginning on page 5of this prospectus.

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

<div align='center'>The date of this prospectus is April 8, 2025.

Table of Contents</div>

|                                                 |     | Page |
| About This Prospectus                           |     |    1 |
| Where You Can Find More Information             |     |    1 |
| Information We Incorporate By Reference         |     |    1 |
| Prospectus Summary                              |     |    3 |
| Risk Factors                                    |     |    5 |
| Disclosure Regarding Forward-Looking Statements |     |    6 |
| Use of Proceeds                                 |     |    7 |
| Description of Capital Stock                    |     |    8 |
| Description of Depositary Shares                |     |   25 |
| Description of Warrants                         |     |   27 |
| Description of Subscription Rights              |     |   29 |
| Description of Debt Securities                  |     |   30 |
| Description of Purchase Contracts               |     |