NET Power (NYSE:NPWR) Trading Down 3.8% - Should You Sell?

NET Power Inc. (NYSE:NPWR - Get Free Report) shares fell 3.8% during mid-day trading on Monday . The stock traded as low as $2.28 and last traded at $2.30. 244,002 shares traded hands during trading, a decline of 61% from the average session volume of 632,684 shares. The stock had previously closed at $2.39.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NPWR shares. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and cut their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays cut their price objective on NET Power from $11.00 to $3.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 12th.

NET Power Trading Down 7.3 %

The business's 50-day simple moving average is $4.32 and its two-hundred day simple moving average is $7.85. The company has a market capitalization of $429.82 million, a PE ratio of -2.95 and a beta of 0.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of NET Power by 11.8% during the 3rd quarter. State Street Corp now owns 369,281 shares of the company's stock valued at $2,589,000 after buying an additional 38,910 shares during the last quarter. Barclays PLC grew its holdings in NET Power by 276.7% during the 3rd quarter. Barclays PLC now owns 27,883 shares of the company's stock worth $196,000 after acquiring an additional 20,481 shares in the last quarter. Geode Capital Management LLC increased its position in shares of NET Power by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company's stock worth $4,535,000 after purchasing an additional 115,189 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of NET Power in the 4th quarter valued at about $108,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of NET Power in the 4th quarter valued at about $175,000. Hedge funds and other institutional investors own 53.62% of the company's stock.

About NET Power

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.