NET Power (NPWR) Set to Announce Quarterly Earnings on Monday

NET Power (NYSE:NPWR - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The company had revenue of $0.24 million during the quarter. 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 Trading Up 4.1 %

NET Power stock traded up $0.35 during midday trading on Monday, reaching $8.86. 357,290 shares of the company's stock were exchanged, compared to its average volume of 375,055. NET Power has a 52 week low of $6.57 and a 52 week high of $13.81. The stock's 50-day simple moving average is $7.65 and its 200 day simple moving average is $9.13.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NPWR. Barclays reduced their price objective on NET Power from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Wednesday, August 14th. US Capital Advisors upgraded NET Power to a "strong-buy" rating in a report on Monday, October 28th. Finally, Citigroup reduced their price objective on NET Power from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, September 12th.

Insider Buying and Selling at NET Power

In other NET Power news, major shareholder Npeh, Llc sold 66,825 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $7.88, for a total transaction of $526,581.00. Following the completion of the transaction, the insider now directly owns 189,329 shares in the company, valued at $1,491,912.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder 8 Rivers Capital, Llc sold 26,926 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $7.00, for a total transaction of $188,482.00. Following the completion of the transaction, the insider now directly owns 73,074 shares in the company, valued at approximately $511,518. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Npeh, Llc sold 66,825 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $7.88, for a total transaction of $526,581.00. Following the transaction, the insider now owns 189,329 shares of the company's stock, valued at $1,491,912.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,204,829 shares of company stock worth $8,679,686 over the last three months. 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.