NET Power Inc. (NYSE:NPWR - Get Free Report) shares saw an uptick in trading volume on Thursday . 2,319,514 shares traded hands during mid-day trading, an increase of 239% from the previous session's volume of 683,830 shares.The stock last traded at $2.44 and had previously closed at $1.75.
Analyst Upgrades and Downgrades
NPWR has been the subject of a number of recent analyst reports. Barclays lowered NET Power from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $3.00 to $2.00 in a research report on Wednesday, April 23rd. Citigroup raised NET Power from a "neutral" rating to a "buy" rating and cut their price target for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th.
View Our Latest Stock Report on NPWR
NET Power Stock Down 7.4%
The stock has a market cap of $466.61 million, a PE ratio of -1.03 and a beta of 0.51. The firm has a 50-day simple moving average of $2.01 and a 200-day simple moving average of $6.47.
NET Power (NYSE:NPWR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($1.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). On average, research analysts expect that NET Power Inc. will post -0.4 earnings per share for the current year.
Institutional Investors Weigh In On NET Power
Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd acquired a new position in NET Power during the fourth quarter worth about $43,000. Janney Montgomery Scott LLC purchased a new position in NET Power during the 4th quarter worth $108,000. National Bank of Canada FI increased its holdings in NET Power by 2,727.0% during the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock valued at $126,000 after acquiring an additional 11,508 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of NET Power during the 4th quarter worth about $137,000. Finally, Mariner LLC acquired a new stake in shares of NET Power in the fourth quarter worth approximately $139,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.
NET Power Company Profile
(
Get 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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