The next write-up is already underway, and I’ll leave a clue: the stock appears in today’s Catalyst Watch. If our investment philosophies align, it shouldn’t be too hard to guess the ticker. That said, I’ll hold off on publishing until a specific catalyst I’m expecting has played out. I’ll have more to share after today’s meeting with management.
Additionally, you can now duplicate a Notion database of all past Catalyst Watch entries and flag tickers for further research. The database can be sorted by Issue, Event, alphabetically, or any custom method you prefer. An updated version will be shared each week. This week's URL is available at the bottom of this page.
Scroll down to continue reading this week’s most actionable corporate events, along with quick pitches on previously flagged setups, available in HTML format. For all past setups and pitches, please refer to the PDF file at the end.
Management Change: Appointed Mike Logozzo as CEO, succeeding founder Giri Devanur, who has assumed the role of Executive Chairman. Since joining the company, Logozzo has played a pivotal role in driving momentum, having served as CFO and later as President and COO. Under his leadership, the company expanded nationally, launched its proprietary AI platform, Claire, and strengthened its real estate, mortgage, and title capabilities.
Babcock & Wilcox Enterprises, Inc. (BW) | Heavy Electrical Equipment | $1.26 | $124.0mm
Debt Reduction: Announced a cash tender offer to purchase up to $70mm of its 8.125% and 6.50% Senior Notes due 2026. Additionally, the company has agreed to sell its Diamond Power International business to Austria-based ANDRITZ for $177mm. For context, the company has had a strong start to 2025, achieving its highest bookings and backlog in decades within its parts and services segment, complementing an already strong backlog in Thermal projects, upgrades, and construction, primarily in North America.
Broadwind, Inc. (BWEN) | Heavy Electrical Equipment | $1.83 | $41.5mm
Asset Sale: Entered into a definitive agreement to sell its industrial fabrication operations in Manitowoc, WI for total consideration of no less than $13mm. The transaction is expected to close during 3Q25. By consolidating operations, the company expects to materially improve utilization across its remaining footprint and reduce annualized operating costs by ~$8mm. Proceeds will be directed toward debt repayment, complementary acquisitions that diversify the business into high-value, high-growth adjacencies, and other value-enhancing actions.
Business Update: Announced preliminary financial results for 2Q25, expecting total revenue of $28.5mm, a 41% yoy increase. The record Q2 performance was driven by strong early demand for its new Compact Launcher (CL), along with meaningful channel expansion. To ensure sufficient supply for the CL launch and build inventory across product lines, the company produced 38,237 Compact Launchers during the quarter, bringing total production to 63,835 units, while transitioning to a steady-state production cadence of 15,000 launchers per month.
Cemtrex, Inc. (CETX) | Diversified Support Services | $0.92 | $2.8mm
New Order: Secured a new set of significant orders from correctional facilities in the UK, valued at ~$0.8mm, further strengthening its position as a trusted provider in one of the world’s most regulated and demanding surveillance environments. These latest orders build on a multi-year track record of success in the UK market and reinforce the company’s status as a preferred provider for critical government applications. Deployment of the systems is scheduled to begin this quarter, with full delivery expected before the end of the fiscal year. The client, who requested confidentiality, has also indicated potential for future orders tied to ongoing infrastructure upgrades.
Busted Acquisition: Received a letter from Optimax Solutions regarding the recent buyout offer from a group of longstanding stockholders, informing the company that, due to recent filing delays, the buyout group has decided to pause their previously submitted proposal and place further acquisition discussions on hold. The group expressed continued support for the company and its management, particularly regarding the comprehensive four-month recovery plan aimed at regaining compliance and relisting on major exchanges, and indicated willingness to reengage in buyout discussions upon successful relisting. This marks a temporary pause in a series of questionable acquisition announcements. The company intends to file its FY24 and 1Q25 reports this month, which are expected to demonstrate strong performance across all operating segments.
Electrovaya Inc. (ELVA) | Electrical Parts & Equipment | $3.30 | $131.3mm
New Order: Received purchase orders valued at ~$6.3mm through its OEM sales channel. The batteries will power material handling electric vehicles for a leading Fortune 100 e-commerce company in more than 40 distribution centers across three countries on two continents. This order follows earlier purchases from the same end customer during the current fiscal year, bringing cumulative demand to over $16mm. Additional orders for more sites are expected later this year.
