Adage Capital Partners GP L.L.C. boosted its holdings in shares of NET Power Inc. (NYSE:NPWR - Free Report) by 481.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,440,000 shares of the company's stock after purchasing an additional 2,020,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 1.12% of NET Power worth $6,417,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in NPWR. Barclays PLC boosted its stake in shares of NET Power by 16.0% during the 4th quarter. Barclays PLC now owns 32,351 shares of the company's stock valued at $342,000 after buying an additional 4,468 shares during the last quarter. Deutsche Bank AG boosted its stake in NET Power by 63.0% during the 1st quarter. Deutsche Bank AG now owns 14,051 shares of the company's stock valued at $37,000 after acquiring an additional 5,429 shares during the last quarter. Bank of America Corp DE grew its holdings in NET Power by 42.8% during the 4th quarter. Bank of America Corp DE now owns 23,263 shares of the company's stock worth $246,000 after acquiring an additional 6,975 shares in the last quarter. Williams Jones Wealth Management LLC. bought a new stake in shares of NET Power in the 4th quarter worth about $159,000. Finally, Interval Partners LP acquired a new stake in shares of NET Power in the 4th quarter valued at about $168,000. 53.62% of the stock is owned by institutional investors and hedge funds.
NET Power Stock Performance
Shares of NPWR stock traded down $0.02 during trading hours on Friday, hitting $2.11. 395,760 shares of the company were exchanged, compared to its average volume of 924,931. The stock has a market capitalization of $462.56 million, a price-to-earnings ratio of -0.89 and a beta of 0.71. NET Power Inc. has a one year low of $1.48 and a one year high of $14.28. The business's 50-day simple moving average is $2.66 and its two-hundred day simple moving average is $2.67.
NET Power (NYSE:NPWR - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.24). As a group, analysts anticipate that NET Power Inc. will post -0.4 EPS for the current fiscal year.
NET Power Profile
(
Free Report)
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.
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