NET Power (NPWR) to Release Earnings on Tuesday

NET Power (NYSE:NPWR - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

NET Power (NYSE:NPWR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.17. During the same period in the previous year, the company earned ($0.44) earnings per share. On average, analysts expect NET Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NET Power Price Performance

NPWR traded down $0.26 during trading hours on Friday, reaching $8.34. 409,753 shares of the company's stock traded hands, compared to its average volume of 545,702. The firm has a 50-day moving average price of $9.93 and a 200 day moving average price of $9.16. NET Power has a 52-week low of $6.57 and a 52-week high of $14.28.

Analysts Set New Price Targets

Separately, US Capital Advisors raised shares of NET Power to a "strong-buy" rating in a research note on Monday, October 28th.

Insider Activity

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 320,371 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $12.60, for a total transaction of $4,036,674.60. Following the transaction, the insider now owns 940,049 shares of the company's stock, valued at approximately $11,844,617.40. This trade represents a 25.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash S. Patel sold 150,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.65, for a total transaction of $1,897,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 901,380 shares of company stock valued at $11,433,849. Corporate insiders own 2.71% of the company's stock.

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.