NET Power Inc. (NYSE:NPWR - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 647,268 shares traded hands during trading, a decline of 19% from the previous session's volume of 799,667 shares.The stock last traded at $2.64 and had previously closed at $2.92.
Wall Street Analysts Forecast Growth
NPWR has been the topic of a number of recent research reports. Barclays cut 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 report on Wednesday, April 23rd. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and reduced their price target for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th.
Get Our Latest Stock Report on NPWR
NET Power Price Performance
The business's 50-day moving average price is $2.01 and its 200 day moving average price is $5.95. The firm has a market capitalization of $563.00 million, a price-to-earnings ratio of -1.25 and a beta of 0.64.
NET Power (NYSE:NPWR - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). As a group, sell-side analysts expect that NET Power Inc. will post -0.4 earnings per share for the current year.
Institutional Trading of NET Power
Institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in NET Power by 63.0% in the first 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 in the last quarter. Covestor Ltd acquired a new stake in NET Power in the fourth quarter valued at $43,000. Legacy Advisors LLC acquired a new stake in NET Power in the first quarter valued at $43,000. Janney Montgomery Scott LLC acquired a new stake in NET Power in the fourth quarter valued at $108,000. Finally, National Bank of Canada FI raised its holdings in NET Power by 2,727.0% in the fourth 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. 53.62% of the stock is owned by institutional investors and hedge funds.
NET Power Company Profile
(
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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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