NET Power (NYSE:NPWR) Stock Price Up 10.4% - What's Next?

NET Power Inc. (NYSE:NPWR - Get Free Report) shares traded up 10.4% on Tuesday . The company traded as high as $2.50 and last traded at $2.45. 816,590 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 739,035 shares. The stock had previously closed at $2.22.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays lowered shares of NET Power from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $3.00 to $2.00 in a report on Wednesday, April 23rd. Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.

NET Power Trading Down 9.9%

The stock has a market capitalization of $473.84 million, a P/E ratio of -1.05 and a beta of 0.51. The stock's fifty day moving average price is $1.99 and its two-hundred day moving average price is $6.30.

NET Power (NYSE:NPWR - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.44). As a group, analysts expect that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG increased its stake in shares of NET Power by 63.0% in the first 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 period. Covestor Ltd purchased a new position in shares of NET Power in the fourth quarter worth $43,000. Legacy Advisors LLC purchased a new position in shares of NET Power in the first quarter worth $43,000. Janney Montgomery Scott LLC purchased a new position in shares of NET Power in the fourth quarter worth $108,000. Finally, National Bank of Canada FI increased its stake in shares of NET Power by 2,727.0% in the fourth quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock worth $126,000 after buying an additional 11,508 shares during the period. 53.62% of the stock is owned by hedge funds and other institutional investors.

NET Power Company Profile

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.