Babcock & Wilcox Enterprises (NYSE: BW), a leading provider of energy and environmental technology solutions, saw its stock soar 7.83% in pre-market trading on Tuesday. This surge comes on the heels of Monday's impressive 5.51% gain, as investors eagerly await the company's fourth-quarter earnings report scheduled for release after the market close.

The continued upward momentum reflects growing optimism among market participants about BW's upcoming financial results. Analysts are expecting Babcock & Wilcox to report earnings per share of -$0.06 for the quarter. However, the strong pre-market rally suggests that investors may be positioning themselves for potentially better-than-expected results or positive forward guidance.

As a key player in the energy and environmental sectors, Babcock & Wilcox's performance could provide valuable insights into industry trends and the company's ability to navigate current market conditions. Investors and analysts will be closely watching the earnings report for information on BW's financial health, growth prospects, and strategic initiatives in the rapidly evolving energy landscape. The sustained buy-side interest, evident from Monday's trading session, indicates strong market confidence in the company's potential.