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.
Further Reading
Before you consider NET Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NET Power wasn't on the list.
While NET Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
