NET Power (NYSE:NPWR) Reaches New 52-Week High - Still a Buy?

NET Power Inc. (NYSE:NPWR - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $14.23 and last traded at $13.99, with a volume of 230597 shares trading hands. The stock had previously closed at $12.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NPWR shares. Barclays cut their target price on shares of NET Power from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 14th. US Capital Advisors raised shares of NET Power to a "strong-buy" rating in a research note on Monday, October 28th. Finally, Citigroup cut their target price on shares of 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 firm's 50 day moving average is $7.92 and its 200 day moving average is $9.09.

NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The company had revenue of $0.24 million for the quarter. On average, analysts expect that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other NET Power news, major shareholder Npeh, Llc sold 120,500 shares of NET Power stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $6.92, for a total value of $833,860.00. Following the completion of the transaction, the insider now directly owns 716,987 shares of the company's stock, valued at approximately $4,961,550.04. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 8 Rivers Capital, Llc sold 517,618 shares of NET Power stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $7.12, for a total transaction of $3,685,440.16. Following the completion of the transaction, the insider now directly owns 199,369 shares of the company's stock, valued at $1,419,507.28. This trade represents a 72.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,204,829 shares of company stock valued at $8,679,686 over the last quarter. Corporate insiders own 2.71% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of NET Power by 65.1% during the first 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 during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of NET Power during the second quarter valued at approximately $20,537,000. SIR Capital Management L.P. purchased a new position in shares of NET Power during the second quarter valued at approximately $971,000. Thomist Capital Management LP purchased a new stake in NET Power during the second quarter valued at approximately $1,073,000. Finally, Marshall Wace LLP increased its holdings in NET Power by 226.9% during the second quarter. Marshall Wace LLP now owns 583,688 shares of the company's stock valued at $5,738,000 after buying an additional 405,128 shares during the last quarter. 53.62% of the stock is owned by hedge funds and other 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.