NET Power (NYSE:NPWR) Shares Up 3.9%

NET Power Inc. (NYSE:NPWR) shares traded up 3.9% during trading on Wednesday . The stock traded as high as $7.43 and last traded at $7.43. 154,284 shares changed hands during trading, a decline of 57% from the average session volume of 358,045 shares. The stock had previously closed at $7.15.

Analysts Set New Price Targets

Several brokerages have weighed in on NPWR. Barclays lowered their target price on NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Citigroup dropped their price objective on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th.

NET Power Trading Up 1.4 %

The firm’s fifty day moving average is $8.20 and its 200-day moving average is $9.62.

NET Power (NYSE:NPWR) last issued 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. As a group, analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Npeh, Llc sold 66,825 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $7.88, for a total value of $526,581.00. Following the completion of the sale, the insider now owns 189,329 shares in the company, valued at $1,491,912.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Npeh, Llc sold 66,825 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $7.88, for a total value of $526,581.00. Following the sale, the insider now owns 189,329 shares in the company, valued at approximately $1,491,912.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.02, for a total value of $562,456.44. Following the completion of the transaction, the insider now directly owns 342,364 shares of the company’s stock, valued at $2,403,395.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 378,231 shares of company stock worth $2,843,806. 2.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NET Power

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in NET Power by 65.1% during the first quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock worth $27,617,000 after buying an additional 956,134 shares in the last quarter. SIR Capital Management L.P. acquired a new position in NET Power in the 2nd quarter valued at about $971,000. Encompass Capital Advisors LLC acquired a new position in NET Power in the 2nd quarter valued at about $20,537,000. Berylson Capital Partners LLC purchased a new position in NET Power in the 4th quarter valued at about $1,303,000. Finally, Swiss National Bank acquired a new stake in shares of NET Power during the 4th quarter worth about $275,000. 53.62% of the stock is owned by institutional investors and hedge funds.

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.