BKV Corp. initiated with a Buy at Truist

Truist analyst Bertrand Donnes initiated coverage of BKV Corp. (BKV) with a Buy rating and $24 price target The SMID-cap energy company has “a unique set of assets” in which it aims to produce natural gas, transport it, use it to fuel their power plants, and sequester its carbon, creating a cleaner natural gas life cycle than that of its peers, the analyst tells investors. The firm expects all three of BKV’s distinct business lines – Upstream/Midstream, Power Generation, and CCUS – will increase in scale over the coming years, dropping costs, increasing efficiencies, and growing cash flows, the analyst added.