Archaea Energy Inc. (LFG) is a renewable natural gas (RNG) and renewable electricity producer in the United States. The company owns and operates a diversified portfolio of landfill gas recovery and processing projects, including projects that can produce considerable electric capacity and pipeline quality RNG. The company’s portfolio contains operational RNG and landfill gas to electric projects, operating experience, and a deep inventory of economic, low-risk greenfield RNG development projects.
The company's shares had dropped significantly after it announced an underwritten public offering of its Class A common stock on March 23. LFG announced the pricing of the previously announced underwritten public offering of 12,993,603 shares of its Class A common stock by an existing stockholder of the company, Aria Renewable Energy Systems LLC, at $17.75 per share. The offering was expected to close on March 25. However, the company is not expected to receive any proceeds from the offering.
