NET Power (NYSE:NPWR) Trading 12.2% Higher – Time to Buy?

NET Power Inc. (NYSE:NPWR)’s stock price rose 12.2% during mid-day trading on Tuesday . The company traded as high as $10.47 and last traded at $10.20. Approximately 118,039 shares traded hands during trading, a decline of 69% from the average daily volume of 375,511 shares. The stock had previously closed at $9.09.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NPWR. US Capital Advisors upgraded NET Power to a “strong-buy” rating in a research report on Monday, October 28th. Barclays cut their price target on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Finally, Citigroup decreased their price objective on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th.

NET Power Stock Performance

The company has a 50-day moving average of $7.82 and a two-hundred day moving average of $9.06.

NET Power (NYSE:NPWR) last announced its earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.24 million for the quarter. On average, research analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 517,618 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were 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 approximately $1,419,507.28. This trade represents 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 accessible through this link. In other NET Power news, major shareholder Npeh, Llc sold 120,500 shares of NET Power stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $6.92, for a total value of $833,860.00. Following the completion of the transaction, the insider now directly owns 716,987 shares of the company’s stock, valued at approximately $4,961,550.04. The trade was 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 this link. Also, 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 in the company, valued at approximately $1,419,507.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,204,829 shares of company stock valued at $8,679,686 over the last quarter. Corporate insiders own 2.71% of the company’s stock.

Hedge Funds Weigh In On NET Power

A number of hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in shares of NET Power during the 3rd quarter valued at $82,000. MetLife Investment Management LLC lifted its holdings in 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 acquiring an additional 7,281 shares during the period. K2 Principal Fund L.P. purchased a new position in NET Power in the first quarter worth about $148,000. XTX Topco Ltd bought a new stake in shares of NET Power during the 2nd quarter valued at about $133,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of NET Power during the 2nd quarter valued at about $136,000. 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.