NET Power (NYSE:NPWR) Trading Down 6.4%

NET Power Inc. (NYSE:NPWR)’s stock price fell 6.4% on Monday . The stock traded as low as $9.19 and last traded at $9.20. 250,650 shares were traded during trading, a decline of 32% from the average session volume of 366,479 shares. The stock had previously closed at $9.83.

Analyst Ratings Changes

Separately, Barclays began coverage on NET Power in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $13.00 price target on the stock.

NET Power Trading Down 0.3 %

The company has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $9.89.

NET Power (NYSE:NPWR) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.16) earnings per share for the quarter. On average, sell-side analysts predict that NET Power Inc. will post -0.21 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Sk Inc. sold 2,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $10.04, for a total transaction of $25,100,000.00. Following the transaction, the insider now owns 2,500,000 shares of the company’s stock, valued at approximately $25,100,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On NET Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in NET Power during the third quarter worth approximately $21,680,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NET Power during the 4th quarter worth approximately $31,000. Swiss National Bank purchased a new position in NET Power in the fourth quarter valued at approximately $275,000. Jump Financial LLC acquired a new position in NET Power during the fourth quarter valued at approximately $197,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of NET Power in the fourth quarter worth $163,000. 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.