NET Power Inc. (NYSE:NPWR - Get Free Report)'s stock price was up 15.4% during mid-day trading on Friday . The company traded as high as $3.45 and last traded at $3.60. Approximately 392,077 shares changed hands during trading, a decline of 70% from the average daily volume of 1,307,238 shares. The stock had previously closed at $3.12.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of NET Power in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, NET Power presently has a consensus rating of "Hold" and a consensus target price of $4.00.
Read Our Latest Analysis on NPWR
NET Power Stock Up 8.8%
The firm has a market cap of $744.25 million, a PE ratio of -1.44 and a beta of 0.75. The business has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $2.43.
NET Power (NYSE:NPWR - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.24). On average, equities 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
Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in NET Power during the 2nd quarter worth about $25,000. Invesco Ltd. purchased a new position in NET Power in the second quarter valued at approximately $25,000. Sei Investments Co. purchased a new position in NET Power in the second quarter valued at approximately $32,000. Deutsche Bank AG raised its holdings in NET Power by 63.0% during the first quarter. Deutsche Bank AG now owns 14,051 shares of the company's stock worth $37,000 after purchasing an additional 5,429 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of NET Power by 48.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company's stock worth $40,000 after buying an additional 5,255 shares during the last quarter. Hedge funds and other institutional investors own 53.62% of the company's stock.
About NET Power
(
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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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