NET Power (NPWR) Set to Announce Quarterly Earnings on February 11

NET Power (NYSE:NPWR) is gearing up to release its quarterly earnings before the market opens on Tuesday, February 11th. Analysts have predicted that the company will report earnings of ($0.16) per share for the quarter. Those interested in joining the company's conference call can register using the provided link.

The last earnings release from NET Power occurred on November 12th, where the company reported earnings of $0.01 per share, surpassing the consensus estimate of ($0.16) by $0.17. Comparing this to the same quarter from the previous year, the company's earnings were ($0.44) per share. Looking ahead, analysts forecast NET Power will post $0 EPS for both the current and upcoming fiscal years.

NET Power Stock Performance

On Tuesday, NET Power's stock opened at $8.46. The company has a 50-day simple moving average of $10.28 and a 200-day simple moving average of $9.18. In the past year, NET Power has seen a low of $6.57 and a high of $14.28.

Analyst Recommendations

In recent news, US Capital Advisors upgraded NET Power to a "strong-buy" rating in a research note dated October 28th.

Insider Transactions at NET Power

In insider trading news, CFO Akash S. Patel sold 150,000 shares of NET Power stock on November 22nd at an average price of $12.65, totaling $1,897,500. Additionally, 8 Rivers Capital, LLC, a major shareholder, sold 320,371 shares on November 20th at an average price of $12.60, amounting to $4,036,674. Following this transaction, the insider owns 940,049 shares valued at roughly $11,844,617. This sale represents a 25.42% decrease in ownership. Over the past three months, insiders have sold 901,380 shares worth $11,433,849, with insiders retaining 2.71% of the company's stock.

About NET Power

NET Power Inc is a clean energy technology firm that focuses on creating, developing, and licensing innovative clean power generation technologies. Established in 2010, the company is based in Durham, North Carolina.

This article aims to provide an overview of NET Power's upcoming earnings announcement as well as details on its recent performance and insider activity.

NET, Power, Earnings