NET Power Inc. (NYSE:NPWR - Get Free Report)'s stock price was up 7.6% on Wednesday . The company traded as high as $2.56 and last traded at $2.62. Approximately 216,275 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 812,601 shares. The stock had previously closed at $2.43.
Analyst Upgrades and Downgrades
NPWR has been the subject of several recent analyst reports. Barclays downgraded shares of NET Power from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $3.00 to $2.00 in a research note on Wednesday, April 23rd. Citigroup upgraded NET Power from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th.
Check Out Our Latest Stock Analysis on NPWR
NET Power Price Performance
The stock has a market cap of $524.67 million, a price-to-earnings ratio of -1.16 and a beta of 0.64. The company's fifty day moving average price is $2.01 and its 200-day moving average price is $5.88.
NET Power (NYSE:NPWR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). On average, sell-side analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NET Power
Several hedge funds have recently made changes to their positions in NPWR. Vanguard Group Inc. grew its stake in NET Power by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock valued at $30,345,000 after purchasing an additional 332,554 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NET Power by 176.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 155,088 shares of the company's stock worth $1,642,000 after purchasing an additional 98,952 shares during the period. Raymond James Financial Inc. purchased a new stake in NET Power in the fourth quarter valued at approximately $1,264,000. Janney Montgomery Scott LLC purchased a new stake in NET Power in the fourth quarter valued at approximately $108,000. Finally, Handelsbanken Fonder AB acquired a new position in NET Power in the 4th quarter worth approximately $175,000. 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.
Further Reading
Before you consider NET Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NET Power wasn't on the list.
While NET Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
