NET Power Inc. (NYSE:NPWR) CFO Akash S. Patel Sells 150,000 Shares

NET Power Inc. (NYSE:NPWR) CFO Akash S. Patel sold 150,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $12.65, for a total value of $1,897,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NET Power Trading Down 6.3 %

NYSE NPWR opened at $12.45 on Wednesday. The stock has a 50-day simple moving average of $8.90 and a 200 day simple moving average of $9.19. NET Power Inc. has a 12 month low of $6.57 and a 12 month high of $14.28.

NET Power (NYSE:NPWR) last posted its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.17. During the same period last year, the firm earned ($0.44) earnings per share. As a group, equities analysts predict that NET Power Inc. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. US Capital Advisors upgraded NET Power to a “strong-buy” rating in a report on Monday, October 28th. Citigroup dropped their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, Barclays dropped their price objective on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. grew its stake in NET Power by 5.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 29,365 shares of the company’s stock valued at $289,000 after acquiring an additional 1,500 shares during the period. ELCO Management Co. LLC grew its stake in NET Power by 13.4% in the second quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock valued at $206,000 after acquiring an additional 2,474 shares during the period. MetLife Investment Management LLC grew its stake in NET Power by 129.1% in the third quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock valued at $91,000 after acquiring an additional 7,281 shares during the period. HITE Hedge Asset Management LLC grew its stake in NET Power by 2.6% in the third quarter. HITE Hedge Asset Management LLC now owns 387,624 shares of the company’s stock valued at $2,717,000 after acquiring an additional 9,987 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of NET Power during the third quarter worth about $82,000. 53.62% of the stock is owned by institutional investors and hedge funds.

NET Power Company Profile

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.