NET Power (NYSE:NPWR - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.44), Zacks reports.
NET Power Trading Up 9.9%
NPWR traded up $0.19 during trading hours on Monday, hitting $2.09. 1,022,262 shares of the company's stock were exchanged, compared to its average volume of 658,389. NET Power has a 12-month low of $1.62 and a 12-month high of $14.28. The firm has a market cap of $454.62 million, a P/E ratio of -3.12 and a beta of 0.51. The firm has a 50 day moving average of $2.62 and a 200 day moving average of $7.26.
Analyst Ratings Changes
NPWR has been the topic of several recent analyst reports. Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and decreased their target price for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. Barclays downgraded shares of NET Power from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $3.00 to $2.00 in a research note on Wednesday, April 23rd.
View Our Latest Analysis on NET Power
About NET Power
(
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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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