NET Power Inc. (NYSE:NPWR - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $12.99, but opened at $13.40. NET Power shares last traded at $13.72, with a volume of 247,980 shares traded.
Wall Street Analyst Weigh In
NPWR has been the subject of a number of recent research reports. US Capital Advisors upgraded NET Power to a "strong-buy" rating in a research note on Monday, October 28th. Citigroup lowered their price objective on shares of NET Power from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Finally, Barclays reduced 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 report on Wednesday, August 14th.
Read Our Latest Research Report on NPWR
NET Power Stock Performance
The stock has a 50-day moving average price of $9.26 and a 200-day moving average price of $9.26.
NET Power (NYSE:NPWR - Get Free Report) last released its 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 quarter in the prior year, the company posted ($0.44) earnings per share. As a group, research analysts predict that NET Power Inc. will post -0.4 EPS for the current year.
Insider Transactions at NET Power
In related news, major shareholder Npeh, Llc sold 120,500 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $6.92, for a total transaction of $833,860.00. Following the sale, the insider now owns 716,987 shares in the company, valued at $4,961,550.04. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.02, for a total transaction of $562,456.44. Following the completion of the transaction, the insider now directly owns 342,364 shares in the company, valued at $2,403,395.28. This represents a 18.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,106,209 shares of company stock worth $20,113,535. 2.71% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of NET Power by 65.1% in the first 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 in the last quarter. Encompass Capital Advisors LLC bought a new position in NET Power in the 2nd quarter valued at about $20,537,000. Geode Capital Management LLC grew its position in NET Power by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company's stock valued at $4,535,000 after buying an additional 115,189 shares in the last quarter. Marshall Wace LLP increased its stake in NET Power by 226.9% during the 2nd 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 period. Finally, Khrom Capital Management LLC raised its position in shares of NET Power by 9.6% during the 2nd quarter. Khrom Capital Management LLC now owns 440,596 shares of the company's stock worth $4,331,000 after buying an additional 38,500 shares in the last quarter. Institutional investors own 53.62% of the company's stock.
NET Power Company Profile
(
Get Free Report)
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.
Further Reading
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