BANPU jumps 4.90% as BKV advances 1,200 MW power plant to serve data centers

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Summary · why it matters

BANPU shares closed the morning session at 15.00 baht, up 0.70 baht or 4.90%, after touching an intraday high of 15.30 baht. The key driver was news that BKV Corporation, BANPU's subsidiary in the United States, is moving ahead with a 1,200 MW power plant project to support a long-term power purchase agreement, or PPA, with a major US data center operator, as energy demand surges on the AI boom. The market also continued to cheer BKV's successful deal to acquire natural gas assets across both upstream and midstream, as well as carbon capture and storage, or CCS, operations in the Barnett field in Texas, which strengthens the overall Gas-to-Power business. In addition, leading securities firms such as Yuanata Securities issued research raising their target price, with a fair value as high as 19.00 baht, and forecast standout earnings growth in the second half of 2026 and in 2027, driven by seasonal electricity demand and revenue from new assets added to the portfolio.

Impact on assets 2

Energy Transition & Power Demand▲
Banpu Public Company Limited
BANPU
▲ PositiveDemandCapitalrelevance

BANPU jumps as its US subsidiary BKV progresses the 1,200 MW data-center power project and gas/CCS asset deal, boosting its Gas-to-Power business.

BKV Corporation
BKV
▲ PositiveDemandrelevance

BKV advances a 1,200 MW power plant backed by a long-term PPA with a major US data center operator, plus completed Barnett gas/CCS asset acquisition.

Off-coverage companies 1

Yuanta Securities (Thailand) Company Limitedi
Private± MixedCapitalrelevance

Yuanta Securities is cited only as the research house issuing the higher target price, not as a subject of the news.