Intel stock spikes after report of possible US government stake
In a recent transaction, Ethan Ngo, Chief Corporate Development Officer at BKV Corp (NASDAQ:BKV), sold 21,667 shares of the company’s common stock. This sale, executed on April 3, 2025, was part of a pre-established Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $20.0936, with the stock prices ranging from $19.655 to $20.41. The stock has since declined to $17.11, trading near its 52-week low, though analysts maintain price targets ranging from $21 to $33. Following this transaction, Ngo retains ownership of 286,008 shares in the company. According to InvestingPro analysis, BKV’s current market capitalization stands at $1.72 billion, and while the company isn’t currently profitable, analysts project a return to profitability this year. For deeper insights into insider trading patterns and comprehensive financial analysis, explore BKV’s detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, BKV Corporation reported a net loss of $57 million for the fourth quarter of 2024, with earnings per share of $0.01 and total revenue of $119.78 million. Despite the loss, the company generated a positive adjusted free cash flow of $92 million for the year, maintaining a total liquidity of $436 million. KeyBanc Capital Markets revised its price target for BKV Corp, reducing it from $27.00 to $25.00, while maintaining an Overweight rating, citing concerns over the Power segment’s earnings outlook. The Power joint venture’s gross EBITDA guidance was adjusted to a range of $130 million to $170 million, below the previously anticipated $200 million to $250 million range. Additionally, BKV Corporation appointed Dilanka Seimon as its first Chief Commercial Officer, aiming to leverage his extensive experience to strengthen its market position. The company also announced plans to invest $320-380 million in total capital expenditures for 2025, focusing on upstream development and carbon capture initiatives. These developments reflect BKV’s strategic efforts to navigate current market conditions and enhance its operational capabilities.
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