NET Power (NYSE:NPWR) Trading Down 0.3% – Should You Sell?

NET Power Inc. (NYSE:NPWR)’s share price fell 0.3% during trading on Monday . The stock traded as low as $1.64 and last traded at $1.6550. 691,630 shares changed hands during trading, a decline of 30% from the average session volume of 984,155 shares. The stock had previously closed at $1.66.

Analyst Ratings Changes

NPWR has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.50.

NET Power Price Performance

The company has a fifty day moving average of $1.82 and a two-hundred day moving average of $2.13. The stock has a market capitalization of $371.42 million, a P/E ratio of -0.28 and a beta of 1.04.

NET Power (NYSE:NPWR) last issued its earnings results on Monday, May 11th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.05).

Insider Buying and Selling

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 400,000 shares of NET Power stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $2.44, for a total value of $976,000.00. Following the completion of the transaction, the insider owned 3,000,000 shares of the company’s stock, valued at $7,320,000. The trade was a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NPWR. Schonfeld Strategic Advisors LLC acquired a new position in shares of NET Power in the 4th quarter valued at about $25,000. Invesco Ltd. acquired a new stake in NET Power during the second quarter worth about $25,000. Summit Securities Group LLC bought a new position in NET Power in the first quarter worth about $30,000. Sei Investments Co. bought a new position in NET Power in the second quarter worth about $32,000. Finally, Quantbot Technologies LP acquired a new position in NET Power in the third quarter valued at approximately $39,000. 53.62% of the stock is owned by institutional investors and hedge funds.

About NET Power

NET Power, Inc is an energy technology company focused on developing and commercializing power generation plants that burn natural gas and other fuels with near-zero carbon emissions. The company’s core innovation is the proprietary Allam-Fetvedt Cycle, a supercritical carbon dioxide power cycle that captures all carbon dioxide produced during combustion without the need for separate carbon capture systems. By integrating gas combustion, heat exchange and carbon dioxide separation into a single closed-loop process, NET Power aims to deliver baseload power with efficiencies and emissions profiles competitive with conventional and renewable generation sources.

Since demonstrating its first full-scale Allam-Cycle facility in La Porte, Texas, NET Power has moved from pilot operation toward commercial deployment.