NET Power (NYSE:NPWR) Stock Rating Upgraded by Barclays

NET Power (NYSE:NPWR) was upgraded by investment analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report released on Friday, Marketbeat.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NET Power presently has an average rating of “Hold” and a consensus target price of $4.00.

NET Power Trading Down 4.6%

Shares of NYSE NPWR traded down $0.14 during midday trading on Friday, reaching $2.82. 2,369,927 shares of the company were exchanged, compared to its average volume of 1,462,479. NET Power has a 1 year low of $1.48 and a 1 year high of $14.12. The stock has a fifty day simple moving average of $3.26 and a 200 day simple moving average of $2.71. The stock has a market cap of $617.10 million, a P/E ratio of -1.20 and a beta of 0.78.

NET Power (NYSE:NPWR) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.24). As a group, analysts forecast that NET Power will post -0.4 earnings per share for the current year.

Insiders Place Their Bets

In other NET Power news, major shareholder Cynda Beauchamp sold 18,116 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $4.05, for a total transaction of $73,369.80. Following the sale, the insider directly owned 1,847,130 shares of the company’s stock, valued at $7,480,876.50. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 8 Rivers Capital, Llc sold 8,477 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $4.00, for a total value of $33,908.00. Following the sale, the insider owned 1,838,653 shares of the company’s stock, valued at approximately $7,354,612. This represents a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,179,463 shares of company stock worth $8,639,384 over the last ninety days. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NPWR. Janney Montgomery Scott LLC acquired a new position in shares of NET Power during the 2nd quarter worth about $25,000. Invesco Ltd. bought a new stake in shares of NET Power in the second quarter worth $25,000. Sei Investments Co. acquired a new position in shares of NET Power during the 2nd quarter worth about $32,000. Deutsche Bank AG grew its stake in NET Power by 63.0% in the first quarter. Deutsche Bank AG now owns 14,051 shares of the company’s stock valued at $37,000 after purchasing an additional 5,429 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of NET Power in the third quarter valued at $39,000. 53.62% of the stock is currently owned by institutional investors.

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.