NET Power Inc. (NYSE:NPWR - Get Free Report) shares traded up 11.1% during mid-day trading on Wednesday . The company traded as high as $2.91 and last traded at $3.17. 135,152 shares were traded during trading, a decline of 90% from the average session volume of 1,349,652 shares. The stock had previously closed at $2.85.
Analyst Ratings Changes
Separately, Barclays cut NET Power from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $3.00 to $2.00 in a research note on Wednesday, April 23rd.
Check Out Our Latest Report on NPWR
NET Power Stock Down 8.7%
The firm has a fifty day moving average price of $2.61 and a two-hundred day moving average price of $3.88. The stock has a market capitalization of $576.15 million, a P/E ratio of -1.28 and a beta of 0.72.
NET Power (NYSE:NPWR - Get Free Report) last announced 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). Sell-side 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 bought and sold shares of the business. Covestor Ltd purchased a new stake in NET Power in the fourth quarter valued at about $43,000. Janney Montgomery Scott LLC acquired a new stake in NET Power in the second quarter valued at approximately $25,000. National Bank of Canada FI grew its holdings in NET Power by 2,727.0% in the fourth quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock valued at $126,000 after purchasing an additional 11,508 shares during the period. Mariner LLC acquired a new stake in NET Power in the fourth quarter valued at approximately $139,000. Finally, LPL Financial LLC grew its holdings in NET Power by 15.0% in the fourth quarter. LPL Financial LLC now owns 14,036 shares of the company's stock valued at $149,000 after purchasing an additional 1,832 shares during the period. Institutional investors 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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