BKV Corp (BKV) PT Raised to $25 at KeyBanc, Citing 'Strong Power Outlook'

KeyBanc analyst Tim Rezvan raised the price target on BKV Corp (NYSE: BKV) to $25.00 (from $23.00) while maintaining a Overweight rating.

The analyst said: "Trump Presidency Likely to Impact JV Timing, but Power Outlook Remains Strong; We met with representatives from BKV Corp. early last week for a fulsome update on all three business segments, as well as on management's active investor outreach post-IPO. We come away encouraged by execution and catalysts surrounding each segment. We learned progress continues on the CCUS JV front ahead of potential policy curve balls from a Trump presidency. We see optionality in the Power segment as the nascent datacenter landscape crystallizes, and we also see improving interest in, and valuations for, natural gas-focused E&Ps. We nudge up our target Upstream multiple to better align with public peers, increase our PT to $25, and reiterate our OW rating."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Full Circle Lithium closes $5.14M private placement
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy