NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.02, for a total value of $562,456.44. Following the transaction, the insider now directly owns 342,364 shares in the company, valued at $2,403,395.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
NET Power Trading Up 5.2 %
Shares of NYSE:NPWR traded up $0.35 during midday trading on Thursday, reaching $7.07. The company had a trading volume of 1,458,012 shares, compared to its average volume of 355,270. The company has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $9.67. NET Power Inc. has a 1-year low of $6.57 and a 1-year high of $16.34.
NET Power (NYSE:NPWR – Get Free Report) last announced its earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.24 million for the quarter. Sell-side analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current year.
Hedge Funds Weigh In On NET Power
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Barclays reduced their target price on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Citigroup cut their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th.
Check Out Our Latest Research Report on NPWR
About NET Power
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.
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