NET Power (NYSE:NPWR) Shares Down 4.1% - What's Next?

NET Power Inc. (NYSE:NPWR - Get Free Report) shares fell 4.1% on Tuesday . The company traded as low as $8.47 and last traded at $8.55. 74,160 shares changed hands during trading, a decline of 80% from the average session volume of 363,151 shares. The stock had previously closed at $8.92.

Analysts Set New Price Targets

Several equities analysts have weighed in on NPWR shares. Barclays dropped 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. Citigroup reduced their price target on NET Power from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th.

NET Power Stock Down 1.8 %

The stock has a fifty day moving average price of $7.54 and a two-hundred day moving average price of $9.22.

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 during the quarter. On average, sell-side analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling at NET Power

In related news, major shareholder Npeh, Llc sold 83,325 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $8.10, for a total value of $674,932.50. Following the completion of the sale, the insider now owns 416,675 shares of the company's stock, valued at $3,375,067.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Npeh, Llc sold 83,325 shares of NET Power stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $8.10, for a total transaction of $674,932.50. Following the sale, the insider now directly owns 416,675 shares in the company, valued at $3,375,067.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the company'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 sale, the insider now directly owns 342,364 shares in the company, valued at $2,403,395.28. This 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. 2.71% of the stock is owned by insiders.

Institutional Investors Weigh In On NET Power

A number of hedge funds have recently added to or reduced their stakes in the stock. Williams Jones Wealth Management LLC. bought a new position in NET Power in the 1st quarter worth approximately $128,000. XTX Topco Ltd bought a new position in NET Power during the second quarter valued at approximately $133,000. B. Riley Wealth Advisors Inc. bought a new position in shares of NET Power during the 2nd quarter valued at approximately $136,000. K2 Principal Fund L.P. purchased a new stake in NET Power during the first quarter valued at $148,000. Finally, ELCO Management Co. LLC increased its holdings in shares of NET Power by 13.4% in 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 last quarter. 53.62% of the stock is currently owned by hedge funds and other 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.