BUZZ - BKV shares rise due to equipment supply agreement for Texas power project
路透社2026/10/07 14:41On October 7, natural gas producer BKV Corp (BKV.N) saw its shares rise by 10.3% to $24.33 after the company signed an equipment supply agreement for a planned gas-fired power generation project in Texas. This project is backed by a cost support agreement with a hyperscale cloud services provider. The supplier will provide approximately 1,200 megawatts of power generation equipment, with deliveries beginning in September 2028. The cost support agreement covers about 90% of the payments BKV is due to make under the equipment supply contract by March 31, 2027. All 11 brokerages have rated the stock "buy" or higher, with a median target price of $35, according to data compiled by LSEG. Including intraday fluctuations, BKV shares are down 10.5% year-to-date. (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several languages. Since automated translation may contain inaccuracies or fail to capture intended context, Reuters does not guarantee the accuracy of such translations and provides them solely for readers' convenience. Reuters accepts no liability for any damages or losses arising from the use of automated translation features.)
October 7 - ** Natural gas producer BKV Corp (BKV.N) shares rose 10.3% to $24.33
** The company signed an equipment supply agreement (link) for a planned Texas gas-fired power project, which is backed by a megascale cloud service provider cost-support agreement
** The supplier will provide around 1,200 megawatts of power generation equipment, with deliveries starting in September 2028
** The cost-support agreement covers about 90% of the amounts BKV is required to pay under the equipment supply contract before March 31, 2027
** All 11 brokers give the stock a “buy” or higher rating; median target price is $35 — data compiled by LSEG
** Including intraday fluctuations, BKV has fallen 10.5% year-to-date
(For the convenience of non-English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or may not include the required context, Reuters does not guarantee the accuracy of the automated translation text and provides it solely for readers’ convenience. Reuters assumes no responsibility for any harm or loss arising from the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dan Ives reveals top tech stock picks for 2027! Nvidia, Microsoft, Apple, and three other stocks make the list, Tesla selected as “disruptive tech top pick”
Former Wedbush tech analyst Dan Ives released his top picks for the technology sector in 2027 on Wednesday, listing Nvidia, Microsoft, Palantir, Apple, and CrowdStrike as his five top technology choices.
US Midterm Elections Become a "Touchstone" for Defense Stocks: Trillion-Dollar Defense Budget Expansion Faces Congress Test
The U.S. midterm elections are becoming a crucial test of investors' sentiment towards the rapidly growing defense sector.
Samsung Electronics Q3 Profit Hits Another Record but Falls Slightly Short of Expectations; AI Memory Boom Drives Growth, Yet High Stock Prices and Cyclical Concerns Persist
Preliminary data released by Samsung Electronics on Thursday showed that its operating profit for the third quarter ending in September amounted to approximately KRW 107.4 trillion (about USD 80.1 billions), more than eight times higher than the same period last year, setting a new record mainly driven by demand for high-bandwidth memory (HBM).
Crypto prices
More
