NET Power Inc. (NYSE:NPWR) Stock Has Consensus Price Target of $3.25

Key Points

• Analyst sentiment is mixed: NET Power has a consensus “Hold” rating from five brokerages, with a $3.25 average 12-month price target; ratings include two buys, two holds and one sell.
• The stock opened at $0.77 after a reported 7.6% decline, near its 12-month low of $0.76. Its latest quarterly loss of $0.91 per share significantly missed the $0.07 loss analysts expected.
• Insiders have been selling: Major shareholder 8 Rivers Capital sold 507,100 shares, and company insiders sold about 1.34 million shares worth $2.47 million over the past 90 days.

NET Power Inc. (NYSE:NPWR - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $3.25.

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of NET Power from a "sell" rating to a "strong sell" rating in a report on Saturday, July 18th. Northland Securities started coverage on shares of NET Power in a report on Monday, September 14th. They issued an "outperform" rating and a $2.75 target price for the company. Zacks Research raised NET Power to a "hold" rating in a research report on Tuesday, September 15th. Finally, Weiss Ratings lowered NET Power from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, September 22nd.

NET Power Trading Down 7.6%

Shares of NYSE:NPWR opened at $0.77 on Friday. The company has a market capitalization of $172.02 million, a price-to-earnings ratio of -0.12 and a beta of 1.25. NET Power has a 12-month low of $0.76 and a 12-month high of $3.63. The business has a 50-day moving average price of $1.40 and a 200 day moving average price of $1.71.

NET Power (NYSE:NPWR - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.84). As a group, equities research analysts predict that NET Power will post -1.14 earnings per share for the current fiscal year.

Insider Activity at NET Power

In other news, major shareholder 8 Rivers Capital, Llc sold 507,100 shares of NET Power stock in a transaction 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 sale, the insider directly owned 1,242,900 shares of the company's stock, valued at approximately $2,423,655. The trade was a 28.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 1,340,400 shares of company stock worth $2,470,154 in the last ninety days. Company insiders own 2.06% of the company's stock.

Hedge Funds Weigh In On NET Power

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of NET Power by 40.1% in the first quarter. Bank of America Corp DE now owns 35,083 shares of the company's stock valued at $55,000 after purchasing an additional 10,034 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of NET Power by 10.2% in the first quarter. Janney Montgomery Scott LLC now owns 133,000 shares of the company's stock valued at $207,000 after purchasing an additional 12,351 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of NET Power in the first quarter valued at approximately $30,000. Bank of New York Mellon Corp purchased a new stake in NET Power during the 2nd quarter worth approximately $140,000. Finally, SIR Capital Management L.P. purchased a new stake in NET Power during the 2nd quarter worth approximately $183,000. 53.62% of the stock is owned by institutional investors and hedge funds.

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.

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