NET Power Inc. (NYSE:NPWR - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $2.30, but opened at $2.14. NET Power shares last traded at $2.59, with a volume of 806,166 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on NPWR shares. Citigroup upgraded NET Power from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays cut NET Power from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $3.00 to $2.00 in a research report on Wednesday, April 23rd.
Check Out Our Latest Research Report on NPWR
NET Power Stock Down 7.4%
The stock has a market cap of $466.61 million, a PE ratio of -1.03 and a beta of 0.51. The stock has a fifty day moving average of $2.01 and a 200-day moving average of $6.47.
NET Power (NYSE:NPWR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($1.44). Equities research analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NET Power
A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of NET Power by 13.1% during the 4th 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 during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in 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 valued at $6,417,000 after acquiring an additional 2,020,000 shares during the last quarter. CenterBook Partners LP increased its holdings in NET Power by 1,655.5% during the 1st quarter. CenterBook Partners LP now owns 1,744,770 shares of the company's stock valued at $4,589,000 after acquiring an additional 1,645,380 shares in the last quarter. HITE Hedge Asset Management LLC raised its position 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 during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of NET Power by 1.9% in the fourth 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 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.
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