Date | Price Target | Rating | Analyst |
---|---|---|---|
11/14/2022 | $26.00 | Overweight → Equal Weight | Wells Fargo |
10/4/2022 | $25.00 | Overweight | Wells Fargo |
6/17/2022 | $26.00 | Overweight | Barclays |
3/8/2022 | $37.00 | Buy | Stifel |
10/14/2021 | $28.00 | Buy | Johnson Rice |
10/12/2021 | $31.00 | Buy | Citigroup |
10/11/2021 | $24.00 | Buy | Jefferies |
Archaea Energy Inc. ("Archaea" or "the Company") (NYSE:LFG), announced today that effective March 1, 2022, Eric Javidi and Lindsay Ellis will step down from their respective positions as Chief Financial Officer and General Counsel. Mr. Javidi and Ms. Ellis will remain consultants to the Company for the next 12 months to assist the Company in transitioning into its next phase of leadership and growth. Mr. Javidi joined the predecessor to Archaea in April 2021 to help build Archaea's public company financial functions, including its financial reporting, accounting, investor relations and capital market capabilities, and Ms. Ellis joined the predecessor to Archaea in July 2021 to build Archae
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8-K - Archaea Energy Inc. (0001823766) (Filer)
Wells Fargo downgraded Archaea Energy from Overweight to Equal Weight and set a new price target of $26.00
Wells Fargo initiated coverage of Archaea Energy with a rating of Overweight and set a new price target of $25.00
Barclays initiated coverage of Archaea Energy with a rating of Overweight and set a new price target of $26.00
Stifel initiated coverage of Archaea Energy with a rating of Buy and set a new price target of $37.00
Johnson Rice initiated coverage of Archaea Energy with a rating of Buy and set a new price target of $28.00
Citigroup initiated coverage of Archaea Energy with a rating of Buy and set a new price target of $31.00
Jefferies initiated coverage of Archaea Energy with a rating of Buy and set a new price target of $24.00
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Kayne Energy Infrastructure ("KEI") announced that Eric Javidi and Harrison Little have rejoined the firm in senior leadership roles. KEI manages over $4 billion in assets across retail and institutional products focused on the energy infrastructure sector, including traditional energy infrastructure, energy transition and renewable infrastructure. KEI is a part of Kayne Anderson ("Kayne Anderson" or "Kayne"). Mr. Javidi will join Jim Baker, currently the head of KEI, as a Managing Partner and Co-head of KEI. Mr. Javidi will have broad responsibilities across KEI's investment strategies, business development and strategic initiatives. Mr. Little will serve as Deputy Co-head of KEI and Dir
NET Power's proven technology generates near zero-emissions utility-scale power, delivering the world's first scalable solution that achieves the energy trifecta: clean, affordable, reliable energy Combined company expected to have enterprise value of approximately $1.5 billion, Class A common stock will commence trading on the New York Stock Exchange under ticker symbol "NPWR" on June 9, 2023 Transaction provides more than $675 million in gross proceeds, including $540 million in PIPE capital from financial and strategic investors, as well as more than $135 million of cash-in-trust Proceeds from the transaction will be used to fund corporate operations through planned commerciali
Gross proceeds raised of at least $670 million, including a minimum of approximately $130 million of cash-in-trust (representing approximately 40% of total cash-in-trust) Business combination expected to close on June 8, 2023, with NET Power expected to begin trading on the New York Stock Exchange under ticker symbol "NPWR" on June 9, 2023 Gross proceeds from the transaction will be used to fund corporate operations through planned commercialization in 2026 and accelerate deployments of NET Power's patented technology, including funding for SN1 NET Power, LLC ("NET Power"), an energy company whose proprietary technology delivers clean, affordable, reliable energy, and Rice Acquisi
NET Power adds another strategic investor in SK and increases total committed capital to $560 million for the proposed business combination with RONI NET Power-SK proposed Joint Venture expected to leverage SK's regional expertise to catalyze development of NET Power plants in Asia NET Power, LLC ("NET Power") and Rice Acquisition Corp. II (NYSE:RONI) ("RONI") today announced a $50 million PIPE commitment from SK Group ("SK") in connection with NET Power's and RONI's proposed business combination. The groups also announced their intent to establish a NET Power-SK Joint Venture to pursue the origination and development of utility-scale NET Power plants across Asia. The proposed NET
Occidental and Rice family increase their PIPE investments by $275 million combined, bringing total committed capital to $510 million for the proposed transaction NET Power, LLC ("NET Power") and Rice Acquisition Corp. II (NYSE:RONI) ("RONI") today announced an additional $275 million of PIPE commitments in connection with their proposed business combination. Occidental (NYSE:OXY) has increased its commitment to the PIPE by $250 million, bringing its total investment to $350 million, while the Rice family has committed an additional $25 million to the PIPE, bringing their total investment to $125 million. The new commitments bring the expected gross proceeds of the business combination
HOUSTON, Dec. 28, 2022 /PRNewswire/ -- Today bp (NYSE:BP) completed its purchase of Archaea Energy Inc., (NYSE:LFG) a leading provider of renewable natural gas (RNG), marking a milestone in the growth of bp's strategic bioenergy business. "We see enormous opportunity to grow our bioenergy business by bringing Archaea fully into bp," said Dave Lawler, chairman and president bp America. "The talent, expertise and passion of their team has let them achieve incredible growth so far, and we're excited to support the next chapter in line with our strategy." In October, bp announced
LEAWOOD, KS / ACCESSWIRE / December 27, 2022 / TortoiseEcofin today announced that Archaea Energy Inc (NYSE:LFG) will be removed from the Tortoise Decarbonization Infrastructure IndexSM (DCRBN), Tortoise Recycling Decarbonization IndexSM (RCYCL), and the Tortoise Recycling Decarbonization UCITSSM Index (RECYCLE), as a result of the approved merger with BP plc (NYSE:BP). Due to the merger, LFG will be removed from all three indices at market open on Thursday, December 29, 2022.As per index methodology, special rebalancing is not required for any of the three indices and the deleted constituent's weight will be distributed pro-rata to remaining index constituents.About TortoiseEcofinTortoiseEc
NET Power's proven technology generates near zero-emissions utility-scale power, delivering the world's first scalable solution that achieves the energy trifecta: clean, reliable, low-cost power. Implied pro forma enterprise value of $1.459 billion and will be publicly listed under the ticker symbol "NPWR". $235 million of committed investments -- with participation from the Rice family, Occidental, Constellation, 8 Rivers, HITE Hedge, and NGP -- are expected to fund corporate operations through planned commercialization in 2026. Experienced energy executive Danny Rice will join NET Power as its new CEO upon closing of the transaction. Mr. Rice led Rice Energy and Rice Midstream Part
NEW YORK, NY / ACCESSWIRE / November 12, 2022 / Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of IAA, Inc. to RBA for $10.00 per share in cash and 0.5804 shares of RBA common stock for each share of IAA common stock.If you are an RBA investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or email at [email protected] Point Pharma, Inc. (NASDAQ:OYST)Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connecti
Archaea Energy Inc. ("Archaea," "the Company," or "we") (NYSE:LFG), one of the largest producers of renewable natural gas ("RNG") in the U.S., today announced financial and operating results for the three and nine months ended September 30, 2022. FINANCIAL HIGHLIGHTS Revenue of $105.0 million and net equity investment income of $2.9 million for the three months ended September 30, 2022 and revenue of $239.1 million and net equity investment income of $7.1 million for the nine months ended September 30, 2022. Net loss1 of $24.2 million for the three months ended September 30, 2022 and $24.8 million for the nine months ended September 30, 2022. Net loss per Class A Common Share (basic)
Archaea Energy Inc. ("Archaea," "the Company," or "we") (NYSE:LFG), one of the largest producers of renewable natural gas ("RNG") in the U.S., today announced financial and operating results for the three and nine months ended September 30, 2022. FINANCIAL HIGHLIGHTS Revenue of $105.0 million and net equity investment income of $2.9 million for the three months ended September 30, 2022 and revenue of $239.1 million and net equity investment income of $7.1 million for the nine months ended September 30, 2022. Net loss1 of $24.2 million for the three months ended September 30, 2022 and $24.8 million for the nine months ended September 30, 2022. Net loss per Class A Common Share (basic)
Archaea Energy Inc. ("Archaea") (NYSE:LFG) announced today that it plans to issue its earnings release with respect to third quarter 2022 financial results on Thursday, November 10, 2022 after the market closes. In light of its pending acquisition by bp, as announced on October 17, 2022, Archaea will not host a conference call to discuss third quarter results. ABOUT ARCHAEA Archaea Energy Inc. is one of the largest RNG producers in the U.S., with an industry-leading platform and expertise in developing, constructing, and operating RNG facilities to capture waste emissions and convert them into low carbon fuel. Archaea's innovative, technology-driven approach is backed by significant gas p
Accelerates bioenergy growth Acquisition of a leading US renewable natural gas (RNG) producer will accelerate growth of bp's strategic bioenergy transition growth engineOperates 50 RNG and landfill gas-to-energy facilities across US, with development pipeline supporting potential for around five-fold increase in RNG volumes by 2030Doubles the EBITDA bp expects from biogas to around $2 billion by 2030; supports increase in bp's aim for EBITDA from transition growth businesses by 2030 from $9-10 billion to more than $10 billionAdds distinctive valueBuilds on bp's existing biogas business – expanding in the US, a key fast-growing geography for biogasExpect additional distinctive value through i
Increasing Full Year 2022 Adjusted EBITDA Guidance Archaea Energy Inc. ("Archaea," "the Company," or "we") (NYSE:LFG), an industry-leading renewable natural gas ("RNG") company, today announced financial and operating results for the second quarter and first half of 2022. FINANCIAL HIGHLIGHTS Revenue of $77.2 million and net equity investment income of $2.7 million for the three months ended June 30, 2022 and revenue of $134.1 million and net equity investment income of $4.1 million for the six months ended June 30, 2022. Net income1 of $32.6 million for the three months ended June 30, 2022 and a net loss of $0.5 million for the six months ended June 30, 2022. Net income per Class A
Archaea Energy Inc. ("Archaea") (NYSE:LFG) announced today that it plans to issue its earnings release with respect to second quarter 2022 financial results on Tuesday, August 16, 2022 before the market opens. Archaea will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Tuesday, August 16, 2022 to discuss second quarter results. A listen-only webcast of the call and accompanying slide presentation will be available on Archaea's website at www.archaeaenergy.com. After completion of the webcast, a replay will be available for 12 months on Archaea's website. ABOUT ARCHAEA Archaea Energy Inc. is one of the largest RNG producers in the
Archaea Energy Inc. ("Archaea") (NYSE:LFG) announced today that it plans to issue its earnings release with respect to first quarter 2022 financial results on Tuesday, May 10, 2022 before the market opens. Archaea will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Tuesday, May 10, 2022 to discuss first quarter results. A listen-only webcast of the call and accompanying slide presentation will be available on Archaea's website at www.archaeaenergy.com. After completion of the webcast, a replay will be available for 12 months on Archaea's website. ABOUT ARCHAEA Archaea Energy Inc. is one of the largest RNG producers in the U.S., w
Archaea Energy Inc. ("Archaea," "the Company," or "we") (NYSE:LFG), an industry-leading renewable natural gas ("RNG") company, today announced preliminary1 financial and operating results for the fourth quarter and pro forma full year 2021. FINANCIAL HIGHLIGHTS Revenue of $58.4 million and net equity investment income of $4.8 million for the three months ended December 31, 2021, and pro forma2 revenue of $205.8 million and net equity investment income of $18.0 million for the twelve months ended December 31, 2021. Net income3 of $3.7 million for the three months ended December 31, 2021 and a pro forma net loss of $77.4 million for the twelve months ended December 31, 2021. Adjusted E
Archaea Energy Inc. ("Archaea") (NYSE:LFG) announced today that it plans to issue its earnings release with respect to fourth quarter and full year 2021 financial results on Thursday, March 17, 2022 before the market opens. Archaea will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, March 17, 2022 to discuss fourth quarter and full year results. A listen-only webcast of the call and accompanying slide presentation will be available on Archaea's website at www.archaeaenergy.com. After completion of the webcast, a replay will be available for 12 months on Archaea's website. ABOUT ARCHAEA Archaea Energy Inc. is one of the
Archaea Energy Inc. ("Archaea" or "the Company") (NYSE:LFG), an industry-leading renewable natural gas ("RNG") company, today announced financial and operating results for the third quarter 2021. THIRD QUARTER AND RECENT HIGHLIGHTS Closed the previously announced business combinations with Archaea Energy LLC and Aria Energy LLC ("Aria") on September 15, 2021 (the "Closing Date") and our Class A common stock began trading on the NYSE under the symbol "LFG" on September 16, 2021. Produced a combined1 1.43 million and 4.19 million MMBtu of RNG for the three and nine months ended September 30, 2021, respectively, and 175 thousand and 703 thousand2 MWh of electricity for the three and nine
Archaea Energy Inc. ("Archaea" or "the Company") (NYSE:LFG) announced today that it plans to issue its earnings release with respect to third quarter 2021 financial results on Monday, November 15, 2021 after the market closes. Archaea will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Tuesday, November 16, 2021 to discuss third quarter results. A listen-only webcast of the call and accompanying slide presentation will be available on Archaea's website at www.archaeaenergy.com. After completion of the webcast, a replay will be available for 12 months on Archaea's website. About Archaea Archaea Energy Inc. is one of the largest RN
Wells Fargo analyst Michael Blum downgrades Archaea Energy (NYSE:LFG) from Overweight to Equal-Weight and raises the price target from $25 to $26.
Archaea Energy (NYSE:LFG) reported quarterly losses of $(0.18) per share. This is a 38.46 percent decrease over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $105.00 million which missed the analyst consensus estimate of $110.33 million by 4.83 percent. This is a 776.02 percent increase over sales of $11.99 million the same period last year.
Companies Reporting Before The Bell • IDEX Biometrics (NASDAQ:IDBA) is estimated to report earnings for its third quarter. • Wix.com (NASDAQ:WIX) is expected to report quarterly loss at $0.09 per share on revenue of $343.33 million. • ArcelorMittal (NYSE:MT) is estimated to report quarterly earnings at $1.25 per share on revenue of $18.36 billion. • Navios Maritime Partners (NYSE:NMM) is estimated to report earnings for its third quarter. • TG Therapeutics (NASDAQ:TGTX) is estimated to report earnings for its third quarter. • Dillard's (NYSE:DDS) is estimated to report earnings for its third quarter. • VerifyMe (NASDAQ:VRME) is projected to report earnings for its third quarter. • Wa
Due to the difficult macroeconomic headwinds, the merger and acquisition (M&A) sector has cooled down compared to 2021. What Happened: According to the Boston Consulting Group, during the first seven months of 2022, there were more than 22,000 deals announced, totaling $1.85 trillion in value. That's in line with pre-pandemic averages, but compared to the dealmaking frenzy in 2021, deal volume in 2022 has declined by 13% and deal value has fallen by 32%. Per the report, companies in the environmental, societal, and governance (ESG) space will lead the way in the next wave of dealmaking. See Also: Merger Monday Vindicated This Analyst Who Nailed BP's Offer Price As Energy M&A Heats Up The
Gainers Acorda Therapeutics, Inc. (NASDAQ:ACOR) surged 163.8% to close at $0.8970 on Monday after the company announced a $16.5 million award and royalty/supply relief in the AMPYRA arbitration case. Inpixon (NASDAQ:INPX) shares gained 90.6% to settle at $9.11 after gaining 10% on Friday. Last Tuesday the company announced new purchase orders. FedNat Holding Company (NASDAQ:FNHC) shares jumped 60.4% to close at $0.8338 on Monday after jumping 48% on Friday. Oblong, Inc. (NASDAQ:OBLG) gained 54.4% to settle at $0.3597. Archaea Energy Inc. (NYSE:LFG) rose 54.2% to close at $26.02 after the company announced it will be acquired by BP for approximately $4.1 billion. Babylon Holdings Limi
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 300 points on Monday. The Dow traded up 2.06% to 30,244.35 while the NASDAQ rose 3.48% to 10,680.25. The S&P 500 also rose, gaining, 2.81% to 3,683.72. Also check this: Market Volatility Declines Following US Inflation Data Leading and Lagging Sectors Consumer discretionary shares climbed 4.1% on Monday. Leading the sector was strength from Brilliant Earth Group, Inc. (NASDAQ:BRLT) and Wag! Group Co. (NASDAQ:PET). In trading on Monday, consumer staples shares rose by just 1.5%. Top Headline Bank of America (NYSE:BAC) reported better-than-expected Q3 results. Bank of America posted qu
On Oct. 4, Wells Fargo & Co. (NYSE:WFC) analyst Michael Blum initiated coverage of Archaea Energy Inc. (NYSE:LFG) with an Overweight rating and a price target of $25 per share. About two weeks later, BP (NYSE:BP) purchased Archaea for approximately $26 per share of class A and class B shares in cash, for a total deal value of $4.1 billion, including about $800 million of net debt. Blum, turns out, touts an accuracy rating of 75%, according to Benzinga’s Analysts Ratings Calendar. Also Read: 8 Analysts Have This to Say About Atlassian Archaea, one of the largest renewable natural gas (RNG) producers in the U.S., has a highly visible six to eight-year growth outlook underpinned by a projec
Gainers FedNat Holding Company (NASDAQ:FNHC) shares rose 78.9% to $0.93 after jumping 48% on Friday. Acorda Therapeutics, Inc. (NASDAQ:ACOR) rose 60.2% to $0.5445 after the company announced a $16.5 million award and royalty/supply relief in the AMPYRA arbitration case. Inpixon (NASDAQ:INPX) shares jumped 59% to $7.60 after gaining 10% on Friday. Last Tuesday the company announced new purchase orders. Archaea Energy Inc. (NYSE:LFG) gained 52.3% to $25.70 after the company announced it will be acquired by BP for approximately $4.1 billion. American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) gained 33% to $2.1505. Babylon Holdings Limited (NYSE:BBLN) surged 28.8% to $0.4770. Babylo
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 300 points on Monday. The Dow traded up 1.63% to 30,116.47 while the NASDAQ rose 3.01% to 10,631.71. The S&P 500 also rose, gaining, 2.41% to 3,669.36. Also check this: Market Volatility Declines Following US Inflation Data Leading and Lagging Sectors Real estate shares climbed 3.9% on Monday. Leading the sector was strength from Seritage Growth Properties (NYSE:SRG) and Doma Holdings Inc. (NYSE:DOMA). In trading on Monday, consumer staples shares rose by just 1.2%. Top Headline Bank of America (NYSE:BAC) reported better-than-expected Q3 results. Bank of America posted quarterly earning
Archaea Energy's (NYSE:LFG) short percent of float has risen 6.82% since its last report. The company recently reported that it has 5.48 million shares sold short, which is 7.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.3 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest i