NET Power Inc. (NYSE:NPWR) CFO Akash S. Patel Sells 150,000 Shares

NET Power Inc. (NYSE:NPWR) CFO Akash S. Patel sold 150,000 shares of NET Power stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.65, for a total transaction of $1,897,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NET Power Stock Up 4.3 %

NET Power stock opened at $12.99 on Friday. The company has a fifty day simple moving average of $9.15 and a 200-day simple moving average of $9.24. NET Power Inc. has a 12-month low of $6.57 and a 12-month high of $14.28.

NET Power (NYSE:NPWR) last posted its earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.17. During the same quarter in the previous year, the company earned ($0.44) earnings per share. On average, equities research analysts expect that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of NET Power during the third quarter worth approximately $82,000. MetLife Investment Management LLC boosted its stake in NET Power by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock worth $91,000 after purchasing an additional 7,281 shares during the period. XTX Topco Ltd purchased a new position in shares of NET Power during the second quarter worth about $133,000. B. Riley Wealth Advisors Inc. purchased a new stake in NET Power during the 2nd quarter valued at approximately $136,000. Finally, Quest Partners LLC purchased a new stake in NET Power during the 3rd quarter valued at approximately $153,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NPWR. US Capital Advisors upgraded NET Power to a “strong-buy” rating in a report on Monday, October 28th. Citigroup reduced their target price on shares of 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 price target on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th.

NET Power Company Profile

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.