NET Power (NPWR) Set to Announce Earnings on Monday

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

NET Power (NYSE:NPWR) last announced its earnings results on Monday, August 12th. The company reported ($0.06) EPS 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 Price Performance

NET Power stock opened at $8.51 on Monday. NET Power has a twelve month low of $6.57 and a twelve month high of $14.00. The company’s 50-day moving average price is $7.65 and its two-hundred day moving average price is $9.13.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research analysts have commented on NPWR shares. US Capital Advisors raised NET Power to a “strong-buy” rating in a report on Monday, October 28th. Citigroup cut their price objective on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, Barclays lowered their target price on shares of 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.