NET Power Inc. (NYSE:NPWR - Get Free Report)'s stock price was down 5.9% during trading on Monday . The company traded as low as $3.16 and last traded at $3.12. Approximately 1,048,557 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 932,647 shares. The stock had previously closed at $3.31.
Wall Street Analysts Forecast Growth
Separately, Barclays cut shares of 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 research note on Wednesday, April 23rd.
Check Out Our Latest Analysis on NPWR
NET Power Trading Down 2.6%
The business's 50 day moving average is $2.35 and its 200 day moving average is $4.54. The stock has a market capitalization of $610.33 million, a PE ratio of -1.35 and a beta of 0.70.
NET Power (NYSE:NPWR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($1.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). As a group, analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.
Institutional Investors Weigh In On NET Power
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in NET Power by 15.0% during the 4th quarter. LPL Financial LLC now owns 14,036 shares of the company's stock valued at $149,000 after buying an additional 1,832 shares in the last quarter. Nebula Research & Development LLC raised its holdings in shares of NET Power by 26.0% in the 4th quarter. Nebula Research & Development LLC now owns 19,107 shares of the company's stock valued at $202,000 after purchasing an additional 3,945 shares in the last quarter. Covestor Ltd purchased a new position in shares of NET Power in the 4th quarter worth approximately $43,000. Barclays PLC grew its position in shares of NET Power by 16.0% in the 4th quarter. Barclays PLC now owns 32,351 shares of the company's stock worth $342,000 after buying an additional 4,468 shares during the last quarter. Finally, Deutsche Bank AG grew its position 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 buying an additional 5,429 shares during the last quarter. 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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