NET Power (NYSE:NPWR) Trading 4.1% Higher – Still a Buy?

NET Power Inc. (NYSE:NPWR) traded up 4.1% during trading on Thursday . The stock traded as high as $7.52 and last traded at $7.44. 176,026 shares were traded during mid-day trading, a decline of 50% from the average session volume of 355,342 shares. The stock had previously closed at $7.15.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Barclays decreased their price objective on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th.

NET Power Trading Up 2.3 %

The stock’s 50-day simple moving average is $7.53 and its two-hundred day simple moving average is $9.26.

NET Power (NYSE:NPWR) last released its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.24 million during the quarter. Equities analysts expect that NET Power Inc. will post -0.4 earnings per share for the current year.

Insider Transactions at NET Power

In related news, major shareholder Npeh, Llc sold 66,825 shares of NET Power stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $7.88, for a total transaction of $526,581.00. Following the sale, the insider now directly owns 189,329 shares of the company’s stock, valued at $1,491,912.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder 8 Rivers Capital, Llc sold 26,926 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $7.00, for a total value of $188,482.00. Following the completion of the transaction, the insider now owns 73,074 shares in the company, valued at approximately $511,518. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Npeh, Llc sold 66,825 shares of NET Power stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $7.88, for a total transaction of $526,581.00. Following the sale, the insider now owns 189,329 shares in the company, valued at approximately $1,491,912.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,204,829 shares of company stock worth $8,679,686. 2.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NET Power

Large investors have recently modified their holdings of the stock. Williams Jones Wealth Management LLC. bought a new position in shares of NET Power during the 1st quarter worth approximately $128,000. XTX Topco Ltd acquired a new position in NET Power during the second quarter worth $133,000. B. Riley Wealth Advisors Inc. bought a new position in shares of NET Power during the second quarter valued at $136,000. K2 Principal Fund L.P. acquired a new stake in shares of NET Power in the 1st quarter valued at $148,000. Finally, ELCO Management Co. LLC grew its holdings in shares of NET Power by 13.4% in the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock worth $206,000 after purchasing an additional 2,474 shares during the last quarter. 53.62% of the stock is currently owned by institutional investors.

NET Power Company Profile

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.