NET Power (NYSE:NPWR) Upgraded to Sell at Wall Street Zen

NET Power (NYSE:NPWR) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings downgraded shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.50.

NET Power Price Performance

Shares of NPWR stock opened at $1.66 on Friday. The firm has a market cap of $371.42 million, a P/E ratio of -0.28 and a beta of 1.04. NET Power has a 1-year low of $1.46 and a 1-year high of $5.20. The firm’s 50-day simple moving average is $1.87 and its 200-day simple moving average is $2.04.

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

Insider Buying and Selling

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $2.43, for a total transaction of $85,050.00. Following the completion of the sale, the insider directly owned 2,965,000 shares in the company, valued at $7,204,950. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.06% of the stock is owned by corporate insiders.

Institutional Trading of NET Power

A number of institutional investors have recently modified their holdings of NPWR. Schonfeld Strategic Advisors LLC acquired a new stake in NET Power during the 4th quarter valued at $25,000. Invesco Ltd. acquired a new stake in shares of NET Power during the second quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of NET Power in the first quarter worth $30,000. Sei Investments Co. acquired a new stake in NET Power in the second quarter valued at $32,000. Finally, Quantbot Technologies LP bought a new position in NET Power during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 53.62% of the company’s stock.

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.