NET Power Inc. (NYSE:NPWR) Stock Rated “Hold” by Wall Street Analysts

NET Power Inc. (NYSE:NPWR) has received an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.25.

NPWR has been the topic of several research reports. Zacks Research upgraded shares of NET Power to a “hold” rating in a report on Tuesday, September 15th. Northland Securities began coverage on shares of NET Power in a research note on Monday, September 14th. They issued an “outperform” rating and a $2.75 target price for the company. Wall Street Zen cut shares of NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings downgraded NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 22nd.

Insider Buying and Selling

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 507,100 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $1.95, for a total value of $988,845.00. Following the completion of the transaction, the insider owned 1,242,900 shares of the company’s stock, valued at $2,423,655. This represents a 28.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 1,200,000 shares of company stock valued at $2,246,784. Corporate insiders own 2.06% of the company’s stock.

Institutional Trading of NET Power

A number of institutional investors and hedge funds have recently modified their holdings of NPWR. Tidal Investments LLC lifted its position in NET Power by 190.0% in the second quarter. Tidal Investments LLC now owns 1,546,562 shares of the company’s stock worth $2,583,000 after purchasing an additional 1,013,309 shares during the period. Renaissance Technologies LLC boosted its stake in NET Power by 644.0% during the first quarter. Renaissance Technologies LLC now owns 703,800 shares of the company’s stock worth $1,098,000 after buying an additional 609,200 shares in the last quarter. MRA Advisory Group acquired a new stake in NET Power during the third quarter worth $320,000. Janney Montgomery Scott LLC increased its holdings in NET Power by 10.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 133,000 shares of the company’s stock valued at $207,000 after buying an additional 12,351 shares during the period. Finally, Summit Securities Group LLC bought a new stake in NET Power in the 1st quarter valued at $30,000. 53.62% of the stock is currently owned by institutional investors.

NET Power Stock Up 0.4%

NPWR opened at $0.84 on Friday. The firm has a market capitalization of $189.20 million, a P/E ratio of 0.18 and a beta of 1.25. The stock’s 50 day moving average price is $1.34 and its two-hundred day moving average price is $1.69. NET Power has a 12-month low of $0.76 and a 12-month high of $3.42.

NET Power (NYSE:NPWR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.84). As a group, analysts anticipate that NET Power will post -1.14 earnings per share for the current year.

About NET Power

NET Power Inc. is a clean-energy technology company developing power-generation systems designed to produce electricity while capturing carbon dioxide emissions. Its proprietary Allam-Fetvedt Cycle uses high-pressure carbon dioxide as the working fluid in a closed-loop process, enabling the company’s systems to generate power from natural gas with carbon capture integrated into the plant design. The company’s technology is intended to produce electricity, pipeline-quality carbon dioxide and water, while avoiding the conventional emissions associated with fossil-fuel power generation.