NET Power (NYSE:NPWR) Shares Gap Down - What's Next?

NET Power Inc. (NYSE:NPWR - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $2.61, but opened at $2.53. NET Power shares last traded at $2.55, with a volume of 98,806 shares trading hands.

Wall Street Analysts Forecast Growth

NPWR has been the topic of a number of recent analyst reports. Barclays lowered NET Power from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $3.00 to $2.00 in a report on Wednesday, April 23rd. Citigroup raised NET Power from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.

NET Power Price Performance

The company has a 50-day moving average price of $2.01 and a 200-day moving average price of $5.95. The firm has a market capitalization of $563.00 million, a PE ratio of -1.25 and a beta of 0.64.

NET Power (NYSE:NPWR - Get Free Report) last released its earnings results 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, research analysts predict that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NET Power

Large investors have recently modified their holdings of the company. Deutsche Bank AG raised its holdings in shares of NET Power by 63.0% in the 1st quarter. Deutsche Bank AG now owns 14,051 shares of the company's stock worth $37,000 after purchasing an additional 5,429 shares during the period. Covestor Ltd purchased a new position in shares of NET Power in the 4th quarter worth about $43,000. Legacy Advisors LLC purchased a new position in shares of NET Power in the 1st quarter worth about $43,000. Janney Montgomery Scott LLC purchased a new position in shares of NET Power in the 4th quarter worth about $108,000. Finally, National Bank of Canada FI raised its holdings in shares of NET Power by 2,727.0% in the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock worth $126,000 after purchasing an additional 11,508 shares during the period. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

About NET Power

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.