Shares of NET Power Inc. (NYSE:NPWR - Get Free Report) shot up 7.6% on Wednesday . The stock traded as high as $2.56 and last traded at $2.62. 216,275 shares were traded during mid-day trading, a decline of 73% from the average session volume of 812,601 shares. The stock had previously closed at $2.43.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on NPWR. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Barclays downgraded shares of NET Power from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $3.00 to $2.00 in a report on Wednesday, April 23rd.
View Our Latest Report on NET Power
NET Power Stock Performance
The company has a market capitalization of $545.26 million, a price-to-earnings ratio of -1.21 and a beta of 0.64. The stock's fifty day simple moving average is $2.02 and its two-hundred day simple moving average is $5.81.
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 for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). On average, equities analysts anticipate that NET Power Inc. will post -0.4 EPS for the current fiscal year.
Institutional Trading of NET Power
A number of hedge funds have recently bought and sold shares of NPWR. Janney Montgomery Scott LLC purchased a new stake in NET Power during the fourth quarter valued at about $108,000. Handelsbanken Fonder AB purchased a new stake in NET Power during the fourth quarter valued at about $175,000. Bank of New York Mellon Corp lifted its stake in NET Power by 32.1% during the fourth quarter. Bank of New York Mellon Corp now owns 66,411 shares of the company's stock valued at $703,000 after buying an additional 16,135 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in NET Power during the fourth quarter valued at about $181,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in NET Power by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 275,812 shares of the company's stock valued at $2,921,000 after buying an additional 30,960 shares in the last quarter. 53.62% of the stock is owned by hedge funds and other institutional investors.
About NET Power
(
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.
Recommended Stories
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
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
