Why These Energy Stocks are Gaining This Week

8. BKV Corporation (NYSE:BKV

Share Price Gains Between Oct 24 – Oct 31: 15.35%

BKV Corporation (NYSE:BKV) produces and sells natural gas in the Barnett Shale in the Fort Worth Basin of Texas and in the Marcellus Shale in the Appalachian Basin of Northeast Pennsylvania.

BKV Corporation (NYSE:BKV) jumped on October 29 after the company announced plans to expand its ownership in the BKV-BPP Power joint venture from 50% to 75%, allowing the company to consolidate the JV’s financial results and enhance its strategic control and growth potential in the power business. The transaction is expected to close in the first quarter of 2026.

Moreover, on October 30, Mizuho raised its price target on BKV Corporation (NYSE:BKV) from $30 to $33, while maintaining an ‘Outperform’ rating on its shares. The analyst highlighted the energy firm’s proposed acquisition of an additional 25% interest in the BKV-BPP Power joint venture to increase its free cash flow. According to Mizuho, the strategic move puts BKV in the driver’s seat on the rapidly expanding American power business.