The Assembly(@InTheAssembly):A company founded in 1867 just became one of Leopold Aschenbrenner's positions, and he added 49% more last quarter. Babcock & Wilcox $BW. They've been building industrial boilers since the Civil War. What changed is FastPower, their push into generation for data centres. Same equipment, new customer. He's holding 2,027,451 shares worth $28.6 million after buying another 673,551 in the quarter. Small position for him though. Worth keeping that in mind before getting excited. The setup: Needham started coverage August 31 with a Buy and a $20 target, backlog is $2.6 billion, and the stock sits 66% off its May high. Everyone's buying the chip companies. He's buying the thing that turns on the lights.

2026.09.11 07:16

A company founded in 1867 just became one of Leopold Aschenbrenner's positions, and he added 49% more last quarter. Babcock & Wilcox $BW. They've been building industrial boilers since the Civil War. What changed is FastPower, their push into generation for data centres. Same equipment, new customer. He's holding 2,027,451 shares worth $28.6 million after buying another 673,551 in the quarter. Small position for him though. Worth keeping that in mind before getting excited. The setup: Needham started coverage August 31 with a Buy and a $20 target, backlog is $2.6 billion, and the stock sits 66% off its May high. Everyone's buying the chip companies. He's buying the thing that turns on the lights.