NET Power (NYSE:NPWR) Stock Price Down 4.1% – Time to Sell?

NET Power Inc. (NYSE:NPWR)’s share price was down 4.1% during mid-day trading on Wednesday. The stock traded as low as $0.8211 and last traded at $0.83. Approximately 403,780 shares changed hands during trading, a decline of 30% from the average session volume of 576,140 shares. The stock had previously closed at $0.8658.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NPWR. Zacks Research raised shares of NET Power to a “hold” rating in a report on Tuesday, September 15th. Northland Securities began 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. Weiss Ratings downgraded NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 22nd. Finally, Wall Street Zen lowered NET Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.25.

NET Power Stock Down 4.1%

The company has a market cap of $186.63 million, a P/E ratio of -0.13 and a beta of 1.25. The business has a 50-day moving average price of $1.42 and a two-hundred day moving average price of $1.72.

NET Power (NYSE:NPWR) last posted its quarterly earnings results 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). As a group, sell-side analysts expect that NET Power Inc. will post -1.14 EPS for the current fiscal year.

Insider Transactions at NET Power

In other news, major shareholder 8 Rivers Capital, Llc sold 507,100 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $1.95, for a total value of $988,845.00. Following the transaction, the insider owned 1,242,900 shares of the company’s stock, valued at approximately $2,423,655. This trade represents a 28.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 1,400,745 shares of company stock worth $2,562,482. Corporate insiders own 2.06% of the company’s stock.

Institutional Investors Weigh In On NET Power

A number of institutional investors have recently made changes to their positions in NPWR. Tidal Investments LLC boosted its holdings in NET Power by 190.0% during the second quarter. Tidal Investments LLC now owns 1,546,562 shares of the company’s stock worth $2,583,000 after buying an additional 1,013,309 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of NET Power by 644.0% in the 1st quarter. Renaissance Technologies LLC now owns 703,800 shares of the company’s stock valued at $1,098,000 after acquiring an additional 609,200 shares during the period. MRA Advisory Group acquired a new stake in shares of NET Power in the 3rd quarter valued at approximately $320,000. Janney Montgomery Scott LLC boosted its stake in NET Power by 10.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 133,000 shares of the company’s stock worth $207,000 after acquiring an additional 12,351 shares during the last quarter. Finally, SIR Capital Management L.P. bought a new position in NET Power during the 2nd quarter worth approximately $183,000. 53.62% of the stock is owned by institutional investors and hedge funds.

NET Power Company Profile

NET Power Inc is a clean-energy technology company developing power-generation systems designed to produce electricity while capturing carbon dioxide emissions. Its proprietary Allam-Fetvedt Cycle uses high-pressure carbon dioxide as the working fluid in a closed-loop process, enabling the company’s systems to generate power from natural gas with carbon capture integrated into the plant design.

The company’s technology is intended to produce electricity, pipeline-quality carbon dioxide and water, while avoiding the conventional emissions associated with fossil-fuel power generation.