NET Power Inc. (NYSE:NPWR - Get Free Report) shares traded down 11.1% on Wednesday . The company traded as low as $2.47 and last traded at $2.46. 751,895 shares traded hands during trading, a decline of 31% from the average session volume of 1,091,672 shares. The stock had previously closed at $2.76.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and lowered 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 cut their target price for the stock from $3.00 to $2.00 in a research note on Wednesday, April 23rd.
View Our Latest Analysis on NPWR
NET Power Stock Performance
The stock's 50-day simple moving average is $1.99 and its 200 day simple moving average is $6.30. The company has a market capitalization of $473.84 million, a PE ratio of -1.05 and a beta of 0.51.
NET Power (NYSE:NPWR - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). On average, analysts expect that NET Power Inc. will post -0.4 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in NET Power during the 4th quarter worth $108,000. Handelsbanken Fonder AB acquired a new stake in shares of NET Power in the 4th quarter worth $175,000. Bank of New York Mellon Corp lifted its stake in shares of NET Power by 32.1% in the 4th quarter. Bank of New York Mellon Corp now owns 66,411 shares of the company's stock worth $703,000 after acquiring an additional 16,135 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of NET Power in the 4th quarter worth $181,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NET Power by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 275,812 shares of the company's stock worth $2,921,000 after acquiring an additional 30,960 shares during the period. 53.62% of the stock is owned by hedge funds and other institutional investors.
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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