NET Power Inc. (NYSE:NPWR - Get Free Report) was down 4.7% during trading on Friday . The stock traded as low as $4.24 and last traded at $4.16. Approximately 226,851 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,362,231 shares. The stock had previously closed at $4.36.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of NET Power in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.00.
Check Out Our Latest Analysis on NPWR
NET Power Stock Down 9.5%
The company's fifty day moving average price is $2.69 and its 200-day moving average price is $2.46. The stock has a market capitalization of $864.83 million, a PE ratio of -1.66 and a beta of 0.75.
NET Power (NYSE:NPWR - Get Free Report) last released its earnings results 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). Equities research analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current year.
Hedge Funds Weigh In On NET Power
Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC purchased a new position in shares of NET Power in the 2nd quarter worth about $25,000. Invesco Ltd. purchased a new position in NET Power in the 2nd quarter worth approximately $25,000. Sei Investments Co. purchased a new position in NET Power in the 2nd quarter worth approximately $32,000. Deutsche Bank AG raised its holdings in 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 acquiring an additional 5,429 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in NET Power by 48.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company's stock worth $40,000 after acquiring an additional 5,255 shares during the last quarter. Hedge funds and other 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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