Npeh, Llc Sells 60,022 Shares of NET Power Inc. (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 60,022 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $7.60, for a total value of $456,167.20. Following the transaction, the insider now owns 129,307 shares in the company, valued at $982,733.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Npeh, Llc also recently made the following trade(s):

• On Wednesday, September 11th, Npeh, Llc sold 21,155 shares of NET Power stock. The shares were sold at an average price of $7.28, for a total value of $154,008.40.
• On Friday, September 6th, Npeh, Llc sold 66,825 shares of NET Power stock. The shares were sold at an average price of $7.88, for a total transaction of $526,581.00.
• On Wednesday, September 4th, Npeh, Llc sold 83,325 shares of NET Power stock. The stock was sold at an average price of $8.10, for a total transaction of $674,932.50.

NET Power Stock Down 0.4 %

NYSE NPWR opened at $7.08 on Friday. The stock has a 50-day moving average of $8.69 and a 200 day moving average of $9.70. NET Power Inc. has a twelve month low of $6.57 and a twelve month high of $17.62.

NET Power (NYSE:NPWR) last announced its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $0.24 million during the quarter. Analysts predict that NET Power Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Williams Jones Wealth Management LLC. purchased a new stake in NET Power during the 1st quarter worth approximately $128,000. XTX Topco Ltd purchased a new stake in shares of NET Power during the second quarter worth approximately $133,000. B. Riley Wealth Advisors Inc. acquired a new position in NET Power in the 2nd quarter valued at $136,000. K2 Principal Fund L.P. acquired a new position in NET Power in the 1st quarter valued at $148,000. Finally, Neuberger Berman Group LLC acquired a new stake in NET Power during the 4th quarter worth $163,000. 53.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays lowered their price target on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Citigroup lowered their target price on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday.

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.