NET Power Inc. (NYSE:NPWR - Get Free Report) saw strong trading volume on Thursday . 1,445,221 shares changed hands during trading, an increase of 63% from the previous session's volume of 884,106 shares.The stock last traded at $2.93 and had previously closed at $2.54.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. 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. Barclays lowered 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.
Read Our Latest Stock Report on NPWR
NET Power Stock Performance
The stock has a market cap of $694.45 million, a PE ratio of -1.54 and a beta of 0.70. The company's 50-day moving average price is $2.13 and its 200 day moving average price is $4.88.
NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.44). As a group, equities research analysts predict that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.
Institutional Trading of NET Power
Several institutional investors have recently added to or reduced their stakes in NPWR. Adage Capital Partners GP L.L.C. increased its holdings in NET Power by 481.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company's stock valued at $6,417,000 after purchasing an additional 2,020,000 shares during the last quarter. CenterBook Partners LP increased its holdings in NET Power by 1,655.5% in the 1st quarter. CenterBook Partners LP now owns 1,744,770 shares of the company's stock valued at $4,589,000 after purchasing an additional 1,645,380 shares during the last quarter. Vanguard Group Inc. increased its holdings in NET Power by 13.1% in the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock valued at $30,345,000 after purchasing an additional 332,554 shares during the last quarter. HITE Hedge Asset Management LLC increased its holdings in NET Power by 80.6% in the 1st quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company's stock valued at $1,955,000 after purchasing an additional 331,726 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in NET Power by 930.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company's stock valued at $1,505,000 after purchasing an additional 128,187 shares during the last quarter. Institutional investors and hedge funds own 53.62% of the company's stock.
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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