NET Power (NYSE:NPWR) Sees Unusually-High Trading Volume – Should You Buy?

Shares of NET Power Inc. (NYSE:NPWR) saw strong trading volume on Wednesday . 461,891 shares were traded during mid-day trading, an increase of 20% from the previous session’s volume of 385,458 shares.The stock last traded at $12.65 and had previously closed at $11.33.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. US Capital Advisors raised shares of NET Power to a “strong-buy” rating in a research note on Monday, October 28th. Barclays dropped their target price on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Finally, Citigroup cut their target price on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th.

NET Power Stock Performance

The stock’s 50 day moving average price is $7.92 and its 200-day moving average price is $9.09.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.24 million for the quarter. As a group, sell-side analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Insider Activity at NET Power

In other news, major shareholder Npeh, Llc sold 66,825 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $7.88, for a total value of $526,581.00. Following the completion of the sale, the insider now owns 189,329 shares in the company, valued at approximately $1,491,912.52. The trade was a 26.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.02, for a total transaction of $562,456.44. Following the transaction, the insider now owns 342,364 shares in the company, valued at approximately $2,403,395.28. This represents a 18.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,204,829 shares of company stock worth $8,679,686. Company insiders own 2.71% of the company’s stock.

Institutional Trading of NET Power

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of NET Power by 65.1% during the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock worth $27,617,000 after purchasing an additional 956,134 shares during the last quarter. K2 Principal Fund L.P. bought a new position in NET Power in the first quarter worth about $148,000. Bank of New York Mellon Corp purchased a new stake in shares of NET Power during the second quarter valued at about $662,000. Summit Securities Group LLC bought a new stake in shares of NET Power in the 2nd quarter valued at about $268,000. Finally, Rhumbline Advisers acquired a new stake in NET Power in the second quarter valued at approximately $282,000. Institutional investors own 53.62% of the company’s stock.

About NET Power

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.