NET Power (NPWR) Scheduled to Post Quarterly Earnings on Monday

NET Power (NYSE:NPWR) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

NET Power (NYSE:NPWR) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.24 million for the quarter. On average, analysts expect NET Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NET Power Stock Down 5.7 %

Shares of NYSE:NPWR opened at $8.51 on Monday. The business has a fifty day simple moving average of $7.65 and a 200 day simple moving average of $9.13. NET Power has a 12-month low of $6.57 and a 12-month high of $14.00.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup reduced their target price on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. US Capital Advisors raised shares of NET Power to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Barclays cut 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 research report on Wednesday, August 14th.

Insider Buying and Selling at NET Power

In other news, major shareholder Npeh, Llc sold 83,325 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $8.10, for a total transaction of $674,932.50. Following the completion of the sale, the insider now owns 416,675 shares of the company’s stock, valued at $3,375,067.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Npeh, Llc sold 83,325 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $8.10, for a total value of $674,932.50. Following the completion of the sale, the insider now directly owns 416,675 shares of the company’s stock, valued at $3,375,067.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $7.02, for a total value of $562,456.44. Following the transaction, the insider now directly owns 342,364 shares in the company, valued at approximately $2,403,395.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,204,829 shares of company stock valued at $8,679,686. 2.71% of the stock is currently owned by company insiders.

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.