NET Power (NYSE:NPWR) Stock Price Up 4.1% - What's Next?

NET Power Inc. (NYSE:NPWR - Get Free Report) shares traded up 4.1% during mid-day trading on Thursday . The stock traded as high as $7.52 and last traded at $7.44. 176,026 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 355,342 shares. The stock had previously closed at $7.15.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup reduced 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. Barclays reduced their price objective on 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.

NET Power Trading Up 11.7 %

The business has a 50-day moving average of $7.55 and a two-hundred day moving average of $9.29.

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

Insider Buying and Selling at NET Power

In other NET Power news, major shareholder Npeh, Llc sold 66,825 shares of the company's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $7.88, for a total value of $526,581.00. Following the sale, the insider now owns 189,329 shares in the company, valued at approximately $1,491,912.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder 8 Rivers Capital, Llc sold 8,871 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $7.01, for a total value of $62,185.71. Following the transaction, the insider now directly owns 960,078 shares of the company's stock, valued at $6,730,146.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Npeh, Llc sold 66,825 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $7.88, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 687,211 shares of company stock worth $4,994,246. Insiders own 2.71% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NPWR. Williams Jones Wealth Management LLC. acquired a new position in shares of NET Power in the 1st quarter valued at about $128,000. XTX Topco Ltd acquired a new position in NET Power during the 2nd quarter worth approximately $133,000. B. Riley Wealth Advisors Inc. acquired a new position in NET Power during the 2nd quarter worth approximately $136,000. K2 Principal Fund L.P. acquired a new position in NET Power during the 1st quarter worth approximately $148,000. Finally, ELCO Management Co. LLC raised its stake in NET Power by 13.4% during the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company's stock worth $206,000 after buying an additional 2,474 shares during the period. 53.62% of the stock is owned by institutional investors and hedge funds.

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.