NET Power Inc. (NYSE:NPWR) Receives $3.25 Consensus PT from Analysts

Shares of NET Power Inc. (NYSE:NPWR) have been given a consensus rating of “Hold” by the five analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $3.25.

Several brokerages have issued reports on NPWR. Northland Securities initiated coverage on NET Power in a report on Monday, September 14th. They set an “outperform” rating and a $2.75 price target for the company. Weiss Ratings upgraded shares of NET Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Zacks Research raised shares of NET Power to a “hold” rating in a research report on Tuesday, September 15th. Finally, 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.

NET Power Stock Down 5.2%

Shares of NYSE NPWR opened at $1.72 on Thursday. The business’s 50 day moving average price is $1.69 and its two-hundred day moving average price is $1.74. The company has a market cap of $385.63 million, a PE ratio of -0.27 and a beta of 1.10. NET Power has a twelve month low of $1.35 and a twelve month high of $5.20.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.84). As a group, research analysts anticipate that NET Power will post -1.14 EPS for the current fiscal year.

Insider Buying and Selling at NET Power

In related news, major shareholder 8 Rivers Capital, Llc sold 507,100 shares of NET Power stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $1.95, for a total transaction of $988,845.00. Following the completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 2,005,858 shares of company stock worth $3,460,668 in the last 90 days. 2.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of NET Power during the first quarter worth $30,000. Integrity Alliance LLC. acquired a new position in shares of NET Power in the fourth quarter valued at about $40,000. Bank of America Corp DE grew its stake in shares of NET Power by 40.1% in the first quarter. Bank of America Corp DE now owns 35,083 shares of the company’s stock valued at $55,000 after acquiring an additional 10,034 shares in the last quarter. Bank of New York Mellon Corp bought a new position in NET Power during the second quarter worth about $140,000. Finally, SIR Capital Management L.P. bought a new position in NET Power during the second quarter worth about $183,000. 53.62% of the stock is owned by institutional investors and hedge funds.

About NET Power

NET Power Inc (NYSE: NPWR) is a clean-energy technology company focused on producing electricity from natural gas while capturing carbon dioxide emissions. Its technology is designed to generate reliable power with substantially reduced atmospheric emissions compared with conventional natural-gas power plants.

The company’s principal technology is the Allam-Fetvedt Cycle, a process that uses high-pressure carbon dioxide as the working fluid in an oxy-combustion power cycle. The process is intended to produce electricity while capturing carbon dioxide in a concentrated form for transportation, storage, or potential industrial use.