NET Power Inc. (NYSE:NPWR - Get Free Report) shares shot up 7.5% during trading on Tuesday . The stock traded as high as $3.25 and last traded at $3.23. 280,118 shares were traded during trading, a decline of 69% from the average session volume of 899,904 shares. The stock had previously closed at $3.00.
Analyst Ratings Changes
Separately, Barclays downgraded shares of NET Power from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $3.00 to $2.00 in a report on Wednesday, April 23rd.
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NET Power Stock Performance
The firm's fifty day simple moving average is $2.22 and its 200 day simple moving average is $4.78. The firm has a market cap of $726.21 million, a P/E ratio of -1.61 and a beta of 0.70.
NET Power (NYSE:NPWR - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). On average, equities research analysts predict that NET Power Inc. will post -0.4 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Covestor Ltd bought a new position in shares of NET Power in the 4th quarter valued at about $43,000. National Bank of Canada FI raised its position in NET Power by 2,727.0% in the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock worth $126,000 after purchasing an additional 11,508 shares during the period. Fox Run Management L.L.C. purchased a new stake in NET Power in the 4th quarter worth about $137,000. Mariner LLC purchased a new stake in NET Power in the 4th quarter worth about $139,000. Finally, LPL Financial LLC raised its position in NET Power by 15.0% in 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 during the period. Institutional investors 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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