NET Power (NYSE:NPWR) Shares Gap Down to $8.90

NET Power Inc. (NYSE:NPWR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $8.90, but opened at $8.54. NET Power shares last traded at $8.54, with a volume of 14,832 shares changing hands.

Analyst Ratings Changes

Separately, Barclays started coverage on shares of NET Power in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $13.00 price objective on the stock.

NET Power Trading Down 0.5 %

The company has a fifty day moving average of $9.82 and a 200-day moving average of $9.80.

NET Power (NYSE:NPWR) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.16) earnings per share for the quarter. As a group, analysts predict that NET Power Inc. will post -0.21 EPS for the current year.

Insider Activity at NET Power

In other news, major shareholder Sk Inc. sold 2,500,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $10.04, for a total transaction of $25,100,000.00. Following the transaction, the insider now owns 2,500,000 shares in the company, valued at approximately $25,100,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.71% of the company’s stock.

Institutional Trading of NET Power

Several large investors have recently made changes to their positions in NPWR. Vanguard Group Inc. acquired a new stake in NET Power in the 3rd quarter worth approximately $21,680,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NET Power in the fourth quarter worth $31,000. Swiss National Bank bought a new stake in shares of NET Power during the 4th quarter worth $275,000. Jump Financial LLC bought a new stake in shares of NET Power during the 4th quarter worth $197,000. Finally, Neuberger Berman Group LLC acquired a new position in NET Power in the 4th quarter valued at $163,000. Institutional investors own 53.62% of the company’s stock.

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.