NET Power Inc. (NYSE:NPWR - Get Free Report)'s share price fell 5.2% on Tuesday . The stock traded as low as $2.48 and last traded at $2.49. 772,687 shares were traded during trading, a decline of 5% from the average session volume of 809,382 shares. The stock had previously closed at $2.62.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on NPWR shares. Citigroup upgraded NET Power from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays downgraded shares of NET Power from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $3.00 to $2.00 in a report on Wednesday, April 23rd.
Get Our Latest Stock Analysis on NPWR
NET Power Stock Down 3.2%
The stock's 50 day moving average is $2.01 and its 200 day moving average is $5.88. The firm has a market cap of $545.26 million, a price-to-earnings ratio of -1.21 and a beta of 0.64.
NET Power (NYSE:NPWR - Get Free Report) last announced 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). Analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NET Power
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in NET Power by 13.1% during the fourth quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock worth $30,345,000 after buying an additional 332,554 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of NET Power by 481.0% in the 1st 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 during the last quarter. CenterBook Partners LP raised its position in shares of NET Power by 1,655.5% during the first quarter. CenterBook Partners LP now owns 1,744,770 shares of the company's stock worth $4,589,000 after purchasing an additional 1,645,380 shares during the period. HITE Hedge Asset Management LLC lifted its holdings in shares of NET Power by 80.6% during the first quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company's stock valued at $1,955,000 after purchasing an additional 331,726 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of NET Power by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 658,563 shares of the company's stock valued at $6,976,000 after purchasing an additional 11,979 shares during the period. 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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