NET Power (NYSE:NPWR) Shares Up 3.8% - What's Next?

Key Points

• Shares rose 3.8% during mid-day trading to $1.7950 on volume of 515,324 shares, with the 50-day moving average at $1.76 versus the 200-day at $2.45.
• The stock has a consensus Hold rating and an average price target of $3.50, while Weiss Ratings reaffirmed a "sell (d-)" and analysts are split (1 Buy, 1 Hold, 1 Sell).
• Financials and insider activity: NET Power reported an EPS miss (‑$0.20 vs. ‑$0.09 expected) and a market cap of ~$403M; major shareholder 8 Rivers sold 150,000 shares and insiders have sold 920,000 shares over the past three months (insiders own 2.10%).

NET Power Inc. (NYSE:NPWR - Get Free Report) shares shot up 3.8% during mid-day trading on Monday . The stock traded as high as $1.80 and last traded at $1.7950. 515,324 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 545,668 shares. The stock had previously closed at $1.73.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NET Power in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $3.50.

NET Power Stock Performance

The stock's 50 day moving average is $1.76 and its 200 day moving average is $2.45. The company has a market capitalization of $402.83 million, a PE ratio of -0.25 and a beta of 0.91.

NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings data on Monday, March 9th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.11).

Insider Activity at NET Power

In other news, major shareholder 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $2.03, for a total value of $304,500.00. Following the completion of the transaction, the insider directly owned 950,000 shares in the company, valued at approximately $1,928,500. The trade was a 13.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 920,000 shares of company stock valued at $1,939,505 over the last three months. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC bought a new stake in shares of NET Power during the fourth quarter valued at about $25,000. Invesco Ltd. bought a new position in shares of NET Power in the second quarter valued at approximately $25,000. Sei Investments Co. bought a new position in shares of NET Power in the second quarter valued at approximately $32,000. Quantbot Technologies LP purchased a new position in NET Power during the third quarter valued at approximately $39,000. Finally, Integrity Alliance LLC. purchased a new position in NET Power during the fourth quarter valued at approximately $40,000. Institutional investors own 53.62% of the company's stock.

About NET Power

NET Power, Inc is an energy technology company focused on developing and commercializing power generation plants that burn natural gas and other fuels with near-zero carbon emissions. The company's core innovation is the proprietary Allam-Fetvedt Cycle, a supercritical carbon dioxide power cycle that captures all carbon dioxide produced during combustion without the need for separate carbon capture systems. By integrating gas combustion, heat exchange and carbon dioxide separation into a single closed-loop process, NET Power aims to deliver baseload power with efficiencies and emissions profiles competitive with conventional and renewable generation sources.

Since demonstrating its first full-scale Allam-Cycle facility in La Porte, Texas, NET Power has moved from pilot operation toward commercial deployment.

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