NET Power (NYSE:NPWR) Trading Down 4.8% - Time to Sell?

Key Points

• NET Power's share price fell by 4.8% to $2.51, with trading volume down 78% from its average, indicating significant market activity changes.
• The company reported a loss of $0.36 earnings per share, missing analysts' expectations of a loss of $0.12, affecting investor sentiment.
• Institutional investors have shown strong buying interest, with hedge funds increasing their stakes in NET Power, reflecting confidence in the company's future prospects.

Shares of NET Power Inc. (NYSE:NPWR - Get Free Report) fell 4.8% during trading on Friday . The company traded as low as $2.59 and last traded at $2.51. 293,775 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,311,441 shares. The stock had previously closed at $2.63.

NET Power Price Performance

The stock has a 50 day moving average of $2.56 and a 200 day moving average of $2.43.

NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.24). Equities analysts expect that NET Power Inc. will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NPWR. Northern Trust Corp raised its stake in NET Power by 11.5% during the fourth quarter. Northern Trust Corp now owns 219,511 shares of the company's stock worth $2,325,000 after acquiring an additional 22,604 shares in the last quarter. Bank of America Corp DE raised its stake in NET Power by 42.8% during the fourth quarter. Bank of America Corp DE now owns 23,263 shares of the company's stock worth $246,000 after acquiring an additional 6,975 shares in the last quarter. Man Group plc acquired a new position in NET Power during the fourth quarter worth about $1,066,000. Legacy Advisors LLC acquired a new position in NET Power during the first quarter worth about $43,000. Finally, XTX Topco Ltd raised its stake in NET Power by 129.3% during the first quarter. XTX Topco Ltd now owns 138,198 shares of the company's stock worth $363,000 after acquiring an additional 77,929 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company's stock.

About NET Power

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.