BKV climbs on Texas power project equipment supply deal
07/10/2026 15:29
BUZZ-BKV climbs on Texas power project equipment supply deal ** Shares of natural gas producer BKV Corp BKV.N rise 10.3% to $24.33
** Co signs equipment supply deal for planned Texas gas-fired power project, backed by hyperscaler cost-support agreement
** Supplier to provide about 1,200 MW of power generation equipment, with deliveries beginning in September 2028
** Backstop agreement covers about 90% of BKV's payments due under the equipment supply contract through March 31, 2027
** All 11 brokerages rate the stock "buy" or higher; median PT is $35 - data compiled by LSEG
** Including session moves, BKV down 10.5% YTD
(Reporting by Anand Gopal in Bengaluru)