NET Power Inc. (NYSE:NPWR - Get Free Report) shares dropped 5% during mid-day trading on Tuesday . The stock traded as low as $2.36 and last traded at $2.36. Approximately 61,726 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 840,415 shares. The stock had previously closed at $2.48.
Analysts Set New Price Targets
A number of research analysts have commented on NPWR shares. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and decreased their target price 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 decreased their price objective for the stock from $3.00 to $2.00 in a report on Wednesday, April 23rd.
View Our Latest Stock Analysis on NET Power
NET Power Price Performance
The stock's 50-day moving average is $2.03 and its 200 day moving average is $5.64. The stock has a market cap of $502.76 million, a price-to-earnings ratio of -1.11 and a beta of 0.64.
NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). Analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.
Hedge Funds Weigh In On NET Power
Large investors have recently bought and sold shares of the stock. Covestor Ltd acquired a new position in shares of NET Power during the 4th quarter valued at $43,000. National Bank of Canada FI raised its position 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 purchasing an additional 11,508 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of NET Power during the fourth quarter worth about $137,000. Mariner LLC purchased a new stake in shares of NET Power in the fourth quarter worth about $139,000. Finally, LPL Financial LLC grew its stake in shares of NET Power by 15.0% in the fourth quarter. LPL Financial LLC now owns 14,036 shares of the company's stock valued at $149,000 after buying an additional 1,832 shares in the last quarter. Hedge funds and other institutional investors 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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