NET Power (NPWR) to Release Quarterly Earnings on Tuesday

NET Power (NYSE:NPWR) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.17. During the same quarter last year, the firm earned ($0.44) EPS. 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 $8.46 on Tuesday. The firm has a 50 day simple moving average of $10.28 and a 200-day simple moving average of $9.18. NET Power has a 1-year low of $6.57 and a 1-year high of $14.28.

Analysts Set New Price Targets

Separately, US Capital Advisors raised NET Power to a “strong-buy” rating in a research note on Monday, October 28th.

Insider Buying and Selling at NET Power

In other NET Power news, CFO Akash S. Patel sold 150,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.65, for a total value of $1,897,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder 8 Rivers Capital, Llc sold 320,371 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $12.60, for a total value of $4,036,674.60. Following the completion of the sale, the insider now owns 940,049 shares in the company, valued at approximately $11,844,617.40. This represents a 25.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 901,380 shares of company stock worth $11,433,849 over the last three months. Insiders own 2.71% of the company’s stock.

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.