SIR Capital Management L.P. Has $4.33 Million Stock Position in NET Power Inc. (NYSE:NPWR)

SIR Capital Management L.P. lessened its stake in NET Power Inc. (NYSE:NPWR) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 408,378 shares of the company’s stock after selling 8,260 shares during the quarter. SIR Capital Management L.P. owned about 0.19% of NET Power worth $4,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NPWR. Barclays PLC increased its holdings in NET Power by 276.7% in the 3rd quarter. Barclays PLC now owns 27,883 shares of the company’s stock valued at $196,000 after buying an additional 20,481 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of NET Power during the 4th quarter worth approximately $108,000. Handelsbanken Fonder AB bought a new position in NET Power in the fourth quarter valued at approximately $175,000. Bank of New York Mellon Corp raised its position in NET Power by 32.1% during the fourth quarter. Bank of New York Mellon Corp now owns 66,411 shares of the company’s stock valued at $703,000 after purchasing an additional 16,135 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in NET Power during the fourth quarter worth $181,000. Institutional investors own 53.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NPWR shares. Barclays lowered NET Power from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $3.00 to $2.00 in a research note on Wednesday, April 23rd. Citigroup raised NET Power from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th.

NET Power Price Performance

Shares of NET Power stock opened at $1.59 on Friday. The company’s 50 day moving average price is $2.32 and its two-hundred day moving average price is $7.09. The firm has a market capitalization of $346.03 million, a P/E ratio of -0.77 and a beta of 0.51. NET Power Inc. has a fifty-two week low of $1.56 and a fifty-two week high of $14.28.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Monday, May 12th. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.44). On average, analysts expect that NET Power Inc. will post -0.4 earnings per share for the current year.

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.