NET Power (NYSE:NPWR) Stock Price Up 3.3% - Still a Buy?

NET Power Inc. (NYSE:NPWR - Get Free Report) was up 3.3% during trading on Monday . The stock traded as high as $11.16 and last traded at $10.67. Approximately 303,530 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 429,900 shares. The stock had previously closed at $10.33.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NPWR shares. Citigroup decreased their price target on shares of NET Power from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. US Capital Advisors raised shares of NET Power to a "strong-buy" rating in a research report on Monday, October 28th.

NET Power Trading Up 8.1 %

The stock's fifty day moving average is $10.65 and its two-hundred day moving average is $9.21.

NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.17. During the same period last year, the firm earned ($0.44) earnings per share. Analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.

Insider Transactions at NET Power

In other NET Power news, major shareholder Npeh, Llc sold 120,500 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $6.92, for a total transaction of $833,860.00. Following the transaction, the insider now owns 716,987 shares in the company, valued at $4,961,550.04. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 8 Rivers Capital, Llc sold 431,009 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.76, for a total transaction of $5,499,674.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,681,393 shares of company stock worth $16,940,374. 2.71% of the stock is owned by insiders.

Hedge Funds Weigh In On NET Power

Hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in NET Power in the 3rd quarter valued at about $82,000. MetLife Investment Management LLC boosted its stake in shares of NET Power by 129.1% in the third quarter. MetLife Investment Management LLC now owns 12,922 shares of the company's stock valued at $91,000 after buying an additional 7,281 shares during the period. XTX Topco Ltd bought a new stake in shares of NET Power in the second quarter valued at approximately $133,000. B. Riley Wealth Advisors Inc. acquired a new stake in NET Power during the second quarter worth approximately $136,000. Finally, Quest Partners LLC bought a new position in NET Power during the 3rd quarter worth $153,000. 53.62% of the stock is owned by institutional investors.

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.