NET Power Inc. (NYSE:NPWR - Get Free Report)'s stock price was up 8.1% during trading on Monday . The company traded as high as $3.02 and last traded at $3.02. Approximately 878,597 shares changed hands during trading, a decline of 10% from the average daily volume of 975,428 shares. The stock had previously closed at $2.79.
Wall Street Analyst Weigh In
Separately, Barclays cut shares of NET Power from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $3.00 to $2.00 in a research note on Wednesday, April 23rd.
Get Our Latest Report on NET Power
NET Power Stock Performance
The stock has a market capitalization of $636.40 million, a price-to-earnings ratio of -1.41 and a beta of 0.70. The company has a 50 day moving average of $2.39 and a 200 day moving average of $4.34.
NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($1.44). As a group, research analysts expect that NET Power Inc. will post -0.4 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. LPL Financial LLC grew its holdings in shares of 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 in the last quarter. Nebula Research & Development LLC increased its position in 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 buying an additional 3,945 shares in the last quarter. Covestor Ltd bought a new stake in NET Power in the 4th quarter valued at about $43,000. Barclays PLC increased its holdings in NET Power by 16.0% during the 4th quarter. Barclays PLC now owns 32,351 shares of the company's stock worth $342,000 after purchasing an additional 4,468 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake 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 and hedge funds own 53.62% of the company's stock.
NET Power Company Profile
(
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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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