NET Power Inc. (NPWR) - What Are Analysts Saying About This Stock?

Key Points

• Analyst consensus is “Hold”: Two analysts rate NET Power a buy, two a hold, and one a sell, with an average 12-month price target of $3.25.
• Insiders have been selling: Major shareholder 8 Rivers Capital sold 507,100 shares, while insiders sold more than 2 million shares worth approximately $3.46 million over the past 90 days.
• Recent results were weak: NET Power reported a quarterly loss of $0.91 per share, missing the $0.07 consensus estimate, and its shares recently traded near $1.24 versus a 52-week high of $5.20.

NET Power Inc. (NYSE:NPWR - Get Free Report) has been given an average recommendation of "Hold" by the five ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $3.25.

NPWR has been the subject of a number of analyst reports. Wall Street Zen lowered NET Power from a "sell" rating to a "strong sell" rating in a report on Saturday, July 18th. Weiss Ratings lowered NET Power from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, September 22nd. Zacks Research upgraded NET Power to a "hold" rating in a research note on Tuesday, September 15th. Finally, Northland Securities started coverage on NET Power in a report on Monday, September 14th. They set an "outperform" rating and a $2.75 price objective on the stock.

Insiders Place Their Bets

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 507,100 shares of NET Power stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $1.95, for a total transaction 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. The trade was a 28.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 2,005,858 shares of company stock worth $3,460,668. 2.06% of the stock is owned by insiders.

Institutional Investors Weigh In On NET Power

A number of institutional investors and hedge funds have recently modified their holdings of the company. MRA Advisory Group bought a new position in shares of NET Power in the third quarter valued at approximately $320,000. Tidal Investments LLC grew its stake in NET Power by 190.0% during the second quarter. Tidal Investments LLC now owns 1,546,562 shares of the company's stock valued at $2,583,000 after acquiring an additional 1,013,309 shares in the last quarter. SIR Capital Management L.P. purchased a new position in NET Power during the second quarter valued at approximately $183,000. Bank of New York Mellon Corp purchased a new position in NET Power during the second quarter valued at approximately $140,000. Finally, Bank of America Corp DE increased its holdings in NET Power by 40.1% during the 1st quarter. Bank of America Corp DE now owns 35,083 shares of the company's stock worth $55,000 after acquiring an additional 10,034 shares during the period. 53.62% of the stock is owned by hedge funds and other institutional investors.

NET Power Trading Up 0.4%

Shares of NPWR stock opened at $1.24 on Monday. The stock has a market capitalization of $277.70 million, a P/E ratio of -0.19 and a beta of 1.16. The firm's 50 day moving average is $1.67 and its 200 day moving average is $1.71. NET Power has a 12 month low of $1.21 and a 12 month high of $5.20.

NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.84). On average, equities analysts predict that NET Power will post -1.14 EPS for the current year.

NET Power Company Profile

NET Power, Inc develops technology for generating reliable electricity from natural gas while capturing carbon dioxide emissions. Its proprietary Allam-Fetvedt Cycle uses carbon dioxide as the working fluid in a high-pressure power-generation process, enabling the production of electricity and a concentrated carbon dioxide stream that can be transported for utilization or permanent storage.

The company's technology is designed to support low-emissions, dispatchable power generation and can be integrated with carbon capture, utilization and storage systems.

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