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

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 transaction of $1,897,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NET Power Trading Up 4.3 %

NYSE:NPWR opened at $12.99 on Thursday. NET Power Inc. has a one year low of $6.57 and a one year high of $14.28. The stock has a 50-day simple moving average of $9.03 and a 200 day simple moving average of $9.22.

NET Power (NYSE:NPWR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.17. During the same period in the prior year, the company earned ($0.44) earnings per share. Equities research analysts predict that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of NET Power

Several institutional investors have recently added to or reduced their stakes in NPWR. Dynamic Technology Lab Private Ltd acquired a new position in shares of NET Power in the 3rd quarter valued at about $82,000. MetLife Investment Management LLC lifted its holdings in NET Power by 129.1% in the third quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock worth $91,000 after acquiring an additional 7,281 shares during the last quarter. XTX Topco Ltd acquired a new position in NET Power in the second quarter valued at approximately $133,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of NET Power during the 2nd quarter worth approximately $136,000. Finally, ELCO Management Co. LLC lifted its holdings in shares of NET Power by 13.4% in the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock worth $206,000 after purchasing an additional 2,474 shares during the last quarter. Institutional investors own 53.62% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.