BKV climbs on Texas power project equipment supply deal
BKV•BKV shares rose 10.3% after the company signed an equipment supply deal for a planned Texas gas-fired power project, with deliveries beginning in September 2028.
BKV•BKV•BKV•BKV shares rose 10.3% after the company signed an equipment supply deal for a planned Texas gas-fired power project, with deliveries beginning in September 2028.
BKV signed an equipment supply deal for its planned Texas gas-fired power project. The supplier will provide about 1,200 MW of power generation equipment, with deliveries beginning in September 2028. A backstop agreement covers about 90% of BKV’s payments due under the contract through March 31, 2027.
All 11 brokerages rate BKV shares “buy” or higher, and the median price target is $35. Shares rose 10.3% to $24.33 and were down 10.5% year to date, including the session’s move.
