Johnson Rice initiated coverage on Archaea Energy with a new price target
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Johnson Rice initiated coverage of Archaea Energy with a rating of Buy and set a new price target of $28.00
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| 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 |
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
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
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
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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
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.
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