NET Power Inc. (NYSE:NPWR - Get Free Report)'s share price was down 5.2% on Tuesday . The company traded as low as $2.48 and last traded at $2.49. Approximately 772,687 shares changed hands during trading, a decline of 5% from the average daily volume of 809,382 shares. The stock had previously closed at $2.62.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Barclays downgraded NET Power from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $3.00 to $2.00 in a research report on Wednesday, April 23rd. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and cut their target price for the company from $14.00 to $6.00 in a report on Tuesday, March 11th.
Get Our Latest Stock Report on NPWR
NET Power Stock Performance
The stock has a market cap of $568.48 million, a P/E ratio of -1.26 and a beta of 0.64. The stock's fifty day moving average is $2.00 and its 200 day moving average is $5.98.
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). Equities research analysts predict that NET Power Inc. will post -0.4 EPS for the current year.
Institutional Investors Weigh In On NET Power
Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC bought a new position in NET Power in the 4th quarter valued at $108,000. Handelsbanken Fonder AB purchased a new stake in shares of NET Power during the fourth quarter valued at $175,000. Bank of New York Mellon Corp grew its holdings in shares of NET Power by 32.1% in the fourth quarter. Bank of New York Mellon Corp now owns 66,411 shares of the company's stock worth $703,000 after purchasing an additional 16,135 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in NET Power in the 4th quarter worth about $181,000. Finally, Charles Schwab Investment Management Inc. increased its stake in NET Power by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 275,812 shares of the company's stock worth $2,921,000 after buying an additional 30,960 shares during the period. 53.62% of the stock is owned by institutional investors.
NET Power Company Profile
(
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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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