NET Power Inc. (NYSE:NPWR - Get Free Report) shares shot up 5.7% during mid-day trading on Tuesday . The stock traded as high as $4.27 and last traded at $4.15. 678,793 shares changed hands during trading, a decline of 51% from the average session volume of 1,374,074 shares. The stock had previously closed at $3.93.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of NET Power in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, NET Power currently has a consensus rating of "Hold" and an average target price of $4.00.
Read Our Latest Report on NET Power
NET Power Trading Up 20.0%
The company has a fifty day simple moving average of $2.74 and a 200-day simple moving average of $2.47. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -2.01 and a beta of 0.75.
NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.24). As a group, analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current year.
Institutional Investors Weigh In On NET Power
Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in NET Power during the second quarter worth approximately $25,000. Invesco Ltd. bought a new stake in NET Power during the second quarter worth approximately $25,000. Sei Investments Co. bought a new stake in NET Power during the second quarter worth approximately $32,000. Deutsche Bank AG boosted its position in NET Power by 63.0% during the first quarter. Deutsche Bank AG now owns 14,051 shares of the company's stock worth $37,000 after purchasing an additional 5,429 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in NET Power by 48.7% during the second quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company's stock worth $40,000 after purchasing an additional 5,255 shares during the period. Institutional investors own 53.62% of the company's stock.
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.
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