Shares of NET Power Inc. (NYSE:NPWR - Get Free Report) were down 5.9% during trading on Monday . The stock 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 lowered shares of NET Power from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $3.00 to $2.00 in a research report on Wednesday, April 23rd.
Get Our Latest Stock Analysis on NPWR
NET Power Price Performance
The firm's 50 day moving average is $2.28 and its 200 day moving average is $4.65. The company has a market capitalization of $695.55 million, a PE ratio of -1.54 and a beta of 0.70.
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). As a group, analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.
Institutional Trading of NET Power
A number of institutional investors have recently made changes to their positions in NPWR. Covestor Ltd purchased a new stake in shares of NET Power in the 4th quarter valued at $43,000. National Bank of Canada FI increased its holdings in NET Power by 2,727.0% during 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. Fox Run Management L.L.C. purchased a new stake in NET Power during the 4th quarter worth about $137,000. Mariner LLC purchased a new stake in NET Power during the 4th quarter worth about $139,000. Finally, LPL Financial LLC increased 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 worth $149,000 after purchasing an additional 1,832 shares during the period. 53.62% of the stock is owned by institutional investors and hedge funds.
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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