NET Power (NYSE:NPWR) Shares Up 5.4% – Should You Buy?

NET Power Inc. (NYSE:NPWR)’s stock price rose 5.4% on Tuesday . The company traded as high as $13.18 and last traded at $13.07. Approximately 165,516 shares were traded during trading, a decline of 58% from the average daily volume of 398,111 shares. The stock had previously closed at $12.40.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NPWR shares. US Capital Advisors upgraded shares of NET Power to a “strong-buy” rating in a report on Monday, October 28th. Barclays reduced their target price 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. Finally, Citigroup lowered 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 Performance

The company’s 50 day moving average price is $8.34 and its two-hundred day moving average price is $9.13.

NET Power (NYSE:NPWR) last released its earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.17. During the same quarter in the prior year, the firm posted ($0.44) EPS. As a group, equities research analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Activity at NET Power

In related news, major shareholder 8 Rivers Capital, Llc sold 517,618 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 199,369 shares of the company’s stock, valued at $1,419,507.28. This trade represents a 72.19 % decrease in their ownership of the stock. 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 83,325 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.10, for a total transaction of $674,932.50. Following the completion of the sale, the insider now owns 416,675 shares in the company, valued at $3,375,067.50. This represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,204,829 shares of company stock valued at $8,679,686. Insiders own 2.71% of the company’s stock.

Hedge Funds Weigh In On NET Power

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in NET Power by 65.1% in the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock worth $27,617,000 after purchasing an additional 956,134 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of NET Power during the second quarter worth $20,537,000. Geode Capital Management LLC grew its holdings in shares of NET Power by 21.7% during the third quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock valued at $4,535,000 after buying an additional 115,189 shares during the last quarter. Marshall Wace LLP increased its position in shares of NET Power by 226.9% in the 2nd quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock valued at $5,738,000 after acquiring an additional 405,128 shares during the period. Finally, Khrom Capital Management LLC increased its position in shares of NET Power by 9.6% in the 2nd quarter. Khrom Capital Management LLC now owns 440,596 shares of the company’s stock valued at $4,331,000 after acquiring an additional 38,500 shares during the period. 53.62% of the stock is owned by hedge funds and other institutional investors.

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.