NET Power (NYSE:NPWR) Sees Unusually-High Trading Volume - What's Next?

Shares of NET Power Inc. (NYSE:NPWR - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 448,565 shares changed hands during trading, an increase of 10% from the previous session's volume of 406,527 shares.The stock last traded at $12.97 and had previously closed at $12.55.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays reduced 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 research report on Wednesday, August 14th. US Capital Advisors raised NET Power to a "strong-buy" rating in a research report on Monday, October 28th. Finally, Citigroup cut their price objective on NET Power from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, September 12th.

NET Power Price Performance

The stock's 50 day simple moving average is $8.67 and its two-hundred day simple moving average is $9.19.

NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.17. During the same period in the previous year, the company posted ($0.44) earnings per share. As a group, equities research analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.

Insider Transactions at NET Power

In other news, major shareholder Npeh, Llc sold 21,155 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.28, for a total value of $154,008.40. Following the completion of the transaction, the insider now directly owns 107,852 shares of the company's stock, valued at $785,162.56. This trade represents a 16.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 8 Rivers Capital, Llc sold 320,371 shares of NET Power stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $12.60, for a total value of $4,036,674.60. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,525,200 shares of company stock worth $12,716,360. 2.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NPWR. Vanguard Group Inc. grew its position 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 valued at $27,617,000 after purchasing an additional 956,134 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in NET Power during the second quarter valued at $20,537,000. SIR Capital Management L.P. bought a new stake in NET Power during the second quarter valued at $971,000. S&CO Inc. grew its position in NET Power by 25.3% during the third quarter. S&CO Inc. now owns 251,905 shares of the company's stock worth $1,765,000 after buying an additional 50,805 shares in the last quarter. Finally, Thomist Capital Management LP bought a new position in NET Power in the 2nd quarter worth about $1,073,000. 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.