NET Power Inc. (NYSE:NPWR) Stock Has Average Price Target of $3.25 According to Analysts

NET Power Inc. (NYSE:NPWR) has earned a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $3.25.

Several research firms have recently issued reports on NPWR. Weiss Ratings downgraded shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 22nd. Zacks Research raised shares of NET Power to a “hold” rating in a research report on Tuesday, September 15th. Wall Street Zen cut shares of NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Finally, Northland Securities assumed coverage on shares of NET Power in a research note on Monday, September 14th. They issued an “outperform” rating and a $2.75 target price for the company.

Insider Transactions at NET Power

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 507,100 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $1.95, for a total value of $988,845.00. Following the completion of the transaction, the insider owned 1,242,900 shares of the company’s stock, valued at $2,423,655. This represents a 28.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 2,005,858 shares of company stock worth $3,460,668 in the last 90 days. Insiders own 2.06% 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. Summit Securities Group LLC bought a new position in NET Power in the first quarter worth $30,000. Bank of America Corp DE boosted its stake in NET Power by 40.1% during the first quarter. Bank of America Corp DE now owns 35,083 shares of the company’s stock worth $55,000 after buying an additional 10,034 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in NET Power during the second quarter worth $140,000. SIR Capital Management L.P. bought a new stake in NET Power in the 2nd quarter valued at $183,000. Finally, Janney Montgomery Scott LLC increased its holdings in NET Power by 10.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 133,000 shares of the company’s stock valued at $207,000 after buying an additional 12,351 shares during the period. 53.62% of the stock is currently owned by institutional investors.

NET Power Trading Down 8.8%

NPWR opened at $1.08 on Monday. NET Power has a 1-year low of $1.05 and a 1-year high of $5.20. The stock has a market capitalization of $243.97 million, a price-to-earnings ratio of 0.26 and a beta of 1.16. The business has a 50 day moving average of $1.65 and a 200-day moving average of $1.70.

NET Power (NYSE:NPWR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.84). Equities analysts predict that NET Power will post -1.14 EPS for the current year.

NET Power Company Profile

NET Power, Inc develops technology for generating reliable electricity from natural gas while capturing carbon dioxide emissions. Its proprietary Allam-Fetvedt Cycle uses carbon dioxide as the working fluid in a high-pressure power-generation process, enabling the production of electricity and a concentrated carbon dioxide stream that can be transported for utilization or permanent storage.

The company’s technology is designed to support low-emissions, dispatchable power generation and can be integrated with carbon capture, utilization and storage systems.