NET Power (NYSE:NPWR) Raised to “Strong-Buy” at US Capital Advisors

by · The Cerbat Gem

NET Power (NYSE:NPWR – Get Free Report) was upgraded by research analysts at US Capital Advisors to a “strong-buy” rating in a research note issued to investors on Monday, Zacks.com reports.

Other analysts have also issued reports about the stock. Citigroup dropped their price target on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Barclays cut their price objective on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th.

Read Our Latest Stock Analysis on NPWR

NET Power Stock Performance

Shares of NET Power stock opened at $9.40 on Monday. NET Power has a one year low of $6.57 and a one year high of $14.00. The stock’s 50-day moving average is $7.58 and its 200-day moving average is $9.17.

NET Power (NYSE:NPWR – Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.24 million for the quarter. Equities research analysts expect that NET Power will post -0.4 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Npeh, Llc sold 83,325 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $8.10, for a total value of $674,932.50. Following the transaction, the insider now owns 416,675 shares of the company’s stock, valued at approximately $3,375,067.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NET Power news, major shareholder Npeh, Llc sold 83,325 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.10, for a total value of $674,932.50. Following the completion of the sale, the insider now owns 416,675 shares of the company’s stock, valued at $3,375,067.50. The trade was 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. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $7.02, for a total value of $562,456.44. Following the completion of the transaction, the insider now directly owns 342,364 shares of the company’s stock, valued at approximately $2,403,395.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,204,829 shares of company stock valued at $8,679,686. Company insiders own 2.71% of the company’s stock.

Institutional Trading of NET Power

Several large investors have recently made changes to their positions in the company. Williams Jones Wealth Management LLC. acquired a new position in NET Power during the first quarter valued at approximately $128,000. XTX Topco Ltd bought a new position in shares of NET Power in the 2nd quarter valued at $133,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of NET Power during the 2nd quarter worth $136,000. K2 Principal Fund L.P. bought a new stake in shares of NET Power during the 1st quarter worth $148,000. Finally, ELCO Management Co. LLC boosted its stake in NET Power by 13.4% in the second quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock valued at $206,000 after buying an additional 2,474 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.

NET Power Company Profile

(Get Free Report)

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.

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