NET Power Inc. (NYSE:NPWR - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 3,104,317 shares changed hands during mid-day trading, an increase of 228% from the previous session's volume of 946,176 shares.The stock last traded at $3.15 and had previously closed at $3.16.
Wall Street Analysts Forecast Growth
Separately, Barclays lowered shares of NET Power from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $3.00 to $2.00 in a research note on Wednesday, April 23rd.
Read Our Latest Stock Analysis on NET Power
NET Power Stock Up 0.4%
The company has a market capitalization of $613.40 million, a PE ratio of -1.36 and a beta of 0.70. The stock's 50 day moving average is $2.37 and its two-hundred day moving average is $4.48.
NET Power (NYSE:NPWR - Get Free Report) last announced 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). On average, sell-side analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.
Hedge Funds Weigh In On NET Power
Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in NET Power in the 2nd quarter worth approximately $25,000. Deutsche Bank AG increased its holdings in NET Power by 63.0% in the 1st quarter. Deutsche Bank AG now owns 14,051 shares of the company's stock worth $37,000 after buying an additional 5,429 shares during the period. Covestor Ltd purchased a new stake in NET Power in the 4th quarter worth approximately $43,000. Legacy Advisors LLC purchased a new stake in NET Power in the 1st quarter worth approximately $43,000. Finally, National Bank of Canada FI boosted its position in NET Power by 2,727.0% in the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock worth $126,000 after purchasing an additional 11,508 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company's stock.
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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