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BKV shares rise on equipment supply contract for Texas project

BKV stock jumped 7.5% in pre-market after the company announced an equipment supply contract for a prospective Texas power project supported by a backstop agreement with an investment-grade hyperscaler.

BKV

5% in pre-market trading after the company announced an equipment supply contract for a prospective Texas power project supported by a backstop agreement with an investment-grade hyperscaler. In a company press release, BKV said the arrangement is tied to the prospective project in Texas.