NET Power (NYSE:NPWR) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• NET Power's stock received a sell (D-) rating from Weiss Ratings, indicating a negative outlook from analysts.
• The company's stock price increased by 2.0% on Wednesday, trading at $4.43, but it remains significantly below its 12-month high of $14.28.
• Institutional investors and hedge funds own a substantial 53.62% of NET Power's shares, reflecting strong institutional interest despite recent performance challenges.

NET Power (NYSE:NPWR - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

NET Power Stock Up 2.0%

NYSE:NPWR traded up $0.09 on Wednesday, reaching $4.43. The company's stock had a trading volume of 989,112 shares, compared to its average volume of 1,356,926. NET Power has a 12-month low of $1.48 and a 12-month high of $14.28. The stock has a 50 day moving average price of $2.66 and a 200 day moving average price of $2.45. The firm has a market cap of $970.05 million, a price-to-earnings ratio of -1.88 and a beta of 0.75.

NET Power (NYSE:NPWR - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.24). Equities research analysts expect that NET Power will post -0.4 EPS for the current fiscal year.

Institutional Trading of NET Power

Several hedge funds have recently made changes to their positions in NPWR. Adage Capital Partners GP L.L.C. boosted its stake in shares of NET Power by 481.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company's stock valued at $6,417,000 after buying an additional 2,020,000 shares during the period. CenterBook Partners LP increased its position in shares of NET Power by 1,655.5% in the 1st quarter. CenterBook Partners LP now owns 1,744,770 shares of the company's stock valued at $4,589,000 after purchasing an additional 1,645,380 shares during the last quarter. Caption Management LLC raised its holdings in shares of NET Power by 619.8% in the 2nd quarter. Caption Management LLC now owns 401,899 shares of the company's stock valued at $993,000 after purchasing an additional 346,068 shares in the last quarter. HITE Hedge Asset Management LLC grew its stake in shares of NET Power by 80.6% during the first quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company's stock worth $1,955,000 after purchasing an additional 331,726 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in NET Power by 21.4% in the second quarter. Geode Capital Management LLC now owns 841,060 shares of the company's stock valued at $2,078,000 after buying an additional 148,307 shares during the last quarter. Institutional investors and hedge funds 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.

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