NET Power (NYSE:NPWR) Upgraded to "Strong-Buy" by US Capital Advisors

US Capital Advisors upgraded shares of NET Power (NYSE:NPWR - Free Report) to a strong-buy rating in a report published on Monday morning, Zacks.com reports.

A number of other equities research analysts also recently weighed in on NPWR. Barclays lowered their price target 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. Citigroup cut 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 note on Thursday, September 12th.

NET Power Trading Down 3.4 %

NPWR stock traded down $0.32 during midday trading on Monday, reaching $9.08. 638,289 shares of the company's stock traded hands, compared to its average volume of 374,866. NET Power has a 52 week low of $6.57 and a 52 week high of $14.00. The company has a 50-day moving average price of $7.60 and a two-hundred day moving average price of $9.17.

NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $0.24 million for the quarter. As a group, analysts anticipate that NET Power will post -0.4 earnings per share for the current year.

Insider Activity

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 517,618 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $7.12, for a total transaction of $3,685,440.16. Following the completion of the transaction, the insider now owns 199,369 shares of the company's stock, valued at $1,419,507.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Npeh, Llc sold 122,591 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $6.95, for a total value of $852,007.45. Following the completion of the transaction, the insider now owns 837,487 shares in the company, valued at $5,820,534.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 8 Rivers Capital, Llc sold 517,618 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $7.12, for a total value of $3,685,440.16. Following the transaction, the insider now directly owns 199,369 shares in the company, valued at approximately $1,419,507.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,204,829 shares of company stock valued at $8,679,686. 2.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NET Power

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in NET Power by 65.1% during the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company's stock valued at $27,617,000 after buying an additional 956,134 shares during the last quarter. SIR Capital Management L.P. bought a new position in NET Power in the second quarter valued at about $971,000. Encompass Capital Advisors LLC bought a new stake in shares of NET Power during the 2nd quarter valued at about $20,537,000. Thomist Capital Management LP bought a new position in shares of NET Power in the 2nd quarter worth approximately $1,073,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of NET Power by 32.8% in the first quarter. Commonwealth Equity Services LLC now owns 63,821 shares of the company's stock worth $727,000 after buying an additional 15,778 shares during the last quarter. Hedge funds and other institutional investors own 53.62% 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.