NET Power (NYSE:NPWR) Rating Lowered to "Underweight" at Barclays

NET Power (NYSE:NPWR - Get Free Report) was downgraded by Barclays from an "equal weight" rating to an "underweight" rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a $2.00 target price on the stock, down from their prior target price of $3.00. Barclays's target price would suggest a potential upside of 12.04% from the stock's previous close.

Separately, Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th.

NET Power Price Performance

NYSE NPWR traded up $0.06 during trading hours on Wednesday, reaching $1.79. The company's stock had a trading volume of 386,915 shares, compared to its average volume of 644,893. NET Power has a 1-year low of $1.62 and a 1-year high of $14.28. The company's 50-day moving average is $3.73 and its two-hundred day moving average is $7.69. The firm has a market capitalization of $388.47 million, a price-to-earnings ratio of -2.66 and a beta of 0.47.

Institutional Investors Weigh In On NET Power

A number of large investors have recently modified their holdings of NPWR. Vanguard Group Inc. raised its stake in NET Power by 13.1% during the fourth quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock worth $30,345,000 after purchasing an additional 332,554 shares during the period. Geode Capital Management LLC raised its position in shares of NET Power by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 658,563 shares of the company's stock valued at $6,976,000 after buying an additional 11,979 shares during the period. Marshall Wace LLP lifted its holdings in NET Power by 9.4% in the fourth quarter. Marshall Wace LLP now owns 448,547 shares of the company's stock valued at $4,750,000 after acquiring an additional 38,627 shares during the last quarter. HITE Hedge Asset Management LLC lifted its holdings in NET Power by 6.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 411,512 shares of the company's stock valued at $4,358,000 after acquiring an additional 23,888 shares during the last quarter. Finally, State Street Corp grew its position in NET Power by 11.8% in the third quarter. State Street Corp now owns 369,281 shares of the company's stock worth $2,589,000 after acquiring an additional 38,910 shares during the period. Hedge funds and other institutional investors own 53.62% 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.