NET Power (NPWR) Set to Announce Quarterly Earnings on Monday

NET Power (NYSE:NPWR) will be issuing its quarterly earnings data after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NET Power (NYSE:NPWR) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.24 million for the quarter. On average, analysts expect NET Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NET Power Stock Down 1.5 %

NPWR stock opened at $9.09 on Friday. The company has a 50-day simple moving average of $7.74 and a 200 day simple moving average of $9.09. NET Power has a fifty-two week low of $6.57 and a fifty-two week high of $13.49.

Insiders Place Their Bets

In related news, major shareholder Npeh, Llc sold 83,325 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $8.10, for a total value of $674,932.50. Following the completion of the transaction, the insider now directly owns 416,675 shares in the company, valued at approximately $3,375,067.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 517,618 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $7.12, for a total transaction of $3,685,440.16. Following the transaction, the insider now owns 199,369 shares in the company, valued at approximately $1,419,507.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Npeh, Llc sold 83,325 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $8.10, for a total value of $674,932.50. Following the transaction, the insider now owns 416,675 shares in the company, valued at approximately $3,375,067.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,204,829 shares of company stock valued at $8,679,686 over the last 90 days. 2.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. US Capital Advisors upgraded NET Power to a “strong-buy” rating in a report on Monday, October 28th. Citigroup cut their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, Barclays dropped their target price on NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th.

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.