NET Power Inc. (NYSE:NPWR - Get Free Report)'s share price shot up 4.4% during mid-day trading on Thursday . The stock traded as high as $2.96 and last traded at $2.95. 670,038 shares were traded during mid-day trading, a decline of 49% from the average session volume of 1,321,584 shares. The stock had previously closed at $2.82.
NET Power Stock Up 7.6%
The firm's fifty day moving average price is $2.56 and its two-hundred day moving average price is $2.43. The stock has a market capitalization of $665.34 million, a PE ratio of -1.28 and a beta of 0.71.
NET Power (NYSE:NPWR - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.24). As a group, analysts predict that NET Power Inc. will post -0.4 EPS for the current year.
Hedge Funds Weigh In On NET Power
Several institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP lifted its position in NET Power by 17.8% during the second quarter. Engineers Gate Manager LP now owns 46,433 shares of the company's stock valued at $115,000 after purchasing an additional 7,002 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in NET Power by 16.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company's stock worth $7,015,000 after buying an additional 400,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NET Power by 44.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,525 shares of the company's stock valued at $46,000 after purchasing an additional 5,739 shares during the period. Caption Management LLC increased its position in NET Power by 619.8% during the 2nd quarter. Caption Management LLC now owns 401,899 shares of the company's stock valued at $993,000 after purchasing an additional 346,068 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of NET Power in the 2nd quarter worth approximately $32,000. 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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