NET Power (NYSE:NPWR) Shares Down 5% - Should You Sell?

NET Power Inc. (NYSE:NPWR - Get Free Report) shares fell 5% on Tuesday . The stock traded as low as $2.36 and last traded at $2.36. 61,726 shares changed hands during trading, a decline of 93% from the average session volume of 840,415 shares. The stock had previously closed at $2.48.

Analysts Set New Price Targets

Several research firms recently weighed in on NPWR. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays cut shares of NET Power from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $3.00 to $2.00 in a research report on Wednesday, April 23rd.

NET Power Price Performance

The company's 50-day moving average is $2.03 and its two-hundred day moving average is $5.52. The firm has a market cap of $472.10 million, a P/E ratio of -1.05 and a beta of 0.64.

NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.44). On average, analysts expect that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. raised its stake in NET Power by 481.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company's stock worth $6,417,000 after acquiring an additional 2,020,000 shares in the last quarter. PDT Partners LLC acquired a new position in NET Power during the first quarter worth about $294,000. Caption Management LLC acquired a new position in NET Power during the first quarter worth about $147,000. EntryPoint Capital LLC acquired a new position in NET Power during the first quarter worth about $126,000. Finally, HITE Hedge Asset Management LLC raised its stake in NET Power by 80.6% during the first quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company's stock worth $1,955,000 after acquiring an additional 331,726 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company's stock.

NET Power Company Profile

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.