NET Power (NYSE:NPWR) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of NET Power (NYSE:NPWR) from a sell rating to a strong sell rating in a research 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 report on Wednesday, May 27th. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.50.

NET Power Stock Performance

Shares of NYSE NPWR opened at $1.55 on Friday. NET Power has a 1 year low of $1.45 and a 1 year high of $5.20. The firm has a market cap of $348.97 million, a P/E ratio of -0.26 and a beta of 1.06. The stock has a fifty day moving average price of $1.80 and a two-hundred day moving average price of $1.95.

NET Power (NYSE:NPWR) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05).

Insider Activity at NET Power

In other news, major shareholder 8 Rivers Capital, Llc sold 35,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $7,204,950. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.06% of the company’s stock.

Institutional Investors Weigh In On NET Power

Several hedge funds have recently modified their holdings of NPWR. CenterBook Partners LP increased its stake in NET Power by 48.0% in the 4th quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock worth $4,214,000 after purchasing an additional 599,725 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in NET Power during the fourth quarter valued at about $40,000. JPMorgan Chase & Co. boosted its holdings in shares of NET Power by 1,226.9% in the third quarter. JPMorgan Chase & Co. now owns 212,929 shares of the company’s stock worth $641,000 after buying an additional 196,882 shares during the period. Argentarii LLC boosted its holdings in shares of NET Power by 413.0% in the fourth quarter. Argentarii LLC now owns 263,507 shares of the company’s stock worth $601,000 after buying an additional 212,142 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of NET Power in the fourth quarter worth approximately $41,000. 53.62% of the stock is owned by hedge funds and other institutional investors.

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.