NET Power (NYSE:NPWR) Stock Price Down 1.8% - What's Next?

NET Power Inc. (NYSE:NPWR - Get Free Report)'s share price fell 1.8% on Monday . The stock traded as low as $3.51 and last traded at $3.52. 2,049,003 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 2,283,034 shares. The stock had previously closed at $3.58.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of NET Power in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, NET Power presently has an average rating of "Hold" and a consensus price target of $4.00.

NET Power Price Performance

The stock has a market capitalization of $770.56 million, a price-to-earnings ratio of -1.49 and a beta of 0.75. The stock's 50 day simple moving average is $2.88 and its 200-day simple moving average is $2.53.

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

Insider Buying and Selling at NET Power

In other news, major shareholder 8 Rivers Capital, Llc sold 13,959 shares of the business's stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $4.71, for a total value of $65,746.89. Following the completion of the sale, the insider directly owned 3,763,400 shares in the company, valued at approximately $17,725,614. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.10% of the company's stock.

Institutional Trading of NET Power

A number of institutional investors and hedge funds have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. lifted its stake in shares of NET Power by 16.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company's stock worth $7,015,000 after buying an additional 400,000 shares during the last quarter. CenterBook Partners LP lifted its stake in shares of NET Power by 1,655.5% in the first quarter. CenterBook Partners LP now owns 1,744,770 shares of the company's stock worth $4,589,000 after buying an additional 1,645,380 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NET Power by 21.4% in the second quarter. Geode Capital Management LLC now owns 841,060 shares of the company's stock worth $2,078,000 after buying an additional 148,307 shares during the last quarter. HITE Hedge Asset Management LLC raised its stake in NET Power by 80.6% during the 1st quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company's stock valued at $1,955,000 after purchasing an additional 331,726 shares during the last quarter. Finally, Caption Management LLC raised its stake in NET Power by 619.8% during 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 during the last quarter. 53.62% of the stock is currently owned by institutional investors and hedge funds.

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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