James Mahon Sells 20,000 Shares of NET Power Inc. (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR – Get Free Report) General Counsel James Mahon sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $15.71, for a total transaction of $314,200.00. Following the sale, the general counsel now owns 51,394 shares of the company’s stock, valued at approximately $807,399.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

James Mahon also recently made the following trade(s):

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• On Monday, September 11th, James Mahon sold 20,000 shares of NET Power stock. The stock was sold at an average price of $15.11, for a total transaction of $302,200.00.
• On Wednesday, September 6th, James Mahon sold 8,606 shares of NET Power stock. The stock was sold at an average price of $15.25, for a total transaction of $131,241.50.

NET Power Stock Up 3.0 %

NPWR stock opened at $15.22 on Thursday. The firm has a fifty day simple moving average of $13.74. NET Power Inc. has a 12 month low of $9.35 and a 12 month high of $17.19.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NPWR. Citigroup began coverage on shares of NET Power in a research report on Wednesday, July 5th. They set a “neutral” rating and a $15.00 price objective for the company. Janney Montgomery Scott began coverage on shares of NET Power in a research report on Friday, July 14th. They issued a “buy” rating and a $36.00 price target for the company. Finally, Capital One Financial began coverage on shares of NET Power in a research report on Thursday, June 29th. They issued an “overweight” rating for the company.

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Hedge Funds Weigh In On NET Power

Several institutional investors have recently bought and sold shares of NPWR. Raymond James & Associates acquired a new position in NET Power in the 2nd quarter valued at $225,000. Raymond James Financial Services Advisors Inc. acquired a new position in NET Power in the 2nd quarter valued at $1,504,000. Fifth Third Bancorp acquired a new position in NET Power in the 2nd quarter valued at $65,000. Truist Financial Corp acquired a new position in NET Power in the 2nd quarter valued at $130,000. Finally, Evercore Wealth Management LLC acquired a new position in NET Power in the 2nd quarter valued at $260,000.

About NET Power

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NET Power Inc operates as a clean energy technology company. It invents, develops, and licenses clean power generation technology. The company was founded in 2010 and is headquartered in Durham, North Carolina.

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