NET Power (NYSE:NPWR) Stock Price Down 0.3% – Here’s Why

NET Power Inc. (NYSE:NPWR) shares fell 0.3% during trading on Monday . The stock traded as low as $1.64 and last traded at $1.6550. 691,630 shares changed hands during trading, a decline of 30% from the average session volume of 984,155 shares. The stock had previously closed at $1.66.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NPWR shares. Weiss Ratings cut NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 27th. Wall Street Zen cut NET Power from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.50.

NET Power Stock Performance

The firm has a fifty day moving average price of $1.83 and a two-hundred day moving average price of $2.12. The stock has a market capitalization of $371.42 million, a P/E ratio of 0.33 and a beta of 1.04.

NET Power (NYSE:NPWR) last announced its earnings results on Monday, May 11th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05).

Insider Buying and Selling

In related news, major shareholder 8 Rivers Capital, Llc sold 400,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $2.44, for a total value of $976,000.00. Following the transaction, the insider directly owned 3,000,000 shares of the company’s stock, valued at approximately $7,320,000. This trade represents a 11.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.06% of the company’s stock.

Hedge Funds Weigh In On NET Power

Institutional investors have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC bought a new position in NET Power in the 4th quarter worth $25,000. Invesco Ltd. bought a new position in NET Power in the 2nd quarter worth $25,000. Summit Securities Group LLC bought a new position in NET Power in the 1st quarter worth $30,000. Sei Investments Co. bought a new position in NET Power in the 2nd quarter worth $32,000. Finally, Quantbot Technologies LP bought a new position in NET Power in the 3rd quarter worth $39,000. 53.62% of the stock is owned by institutional investors.

NET Power Company Profile

NET Power, Inc is an energy technology company focused on developing and commercializing power generation plants that burn natural gas and other fuels with near-zero carbon emissions. The company’s core innovation is the proprietary Allam-Fetvedt Cycle, a supercritical carbon dioxide power cycle that captures all carbon dioxide produced during combustion without the need for separate carbon capture systems. By integrating gas combustion, heat exchange and carbon dioxide separation into a single closed-loop process, NET Power aims to deliver baseload power with efficiencies and emissions profiles competitive with conventional and renewable generation sources.

Since demonstrating its first full-scale Allam-Cycle facility in La Porte, Texas, NET Power has moved from pilot operation toward commercial deployment.