Flotek Awarded $400M Contract with PREPA
Flotek Industries has been awarded a 10-year contract worth up to $400 million by the Puerto Rico Electric Power Authority (PREPA) for a natural gas-fired power generation project. The agreement is intended to help address Puerto Rico's ongoing energy crisis and stabilize its electricity supply. The news sent Flotek’s stock rising nearly 5% in pre-market trading, reflecting investor optimism about the long-term revenue potential from this significant contract win with a government entity facing urgent infrastructure needs.
Tickers: $FTK
Topics: Energy Infrastructure