NET Power Inc. (NYSE:NPWR - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 12,479 call options on the company. This is an increase of approximately 359% compared to the average volume of 2,719 call options.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NPWR. Barclays cut shares of NET Power from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $3.00 to $2.00 in a report on Wednesday, April 23rd. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and cut their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.
View Our Latest Stock Analysis on NPWR
NET Power Stock Performance
Shares of NPWR traded up $0.63 during mid-day trading on Thursday, reaching $3.17. 3,756,983 shares of the company's stock traded hands, compared to its average volume of 894,652. The business's 50-day moving average price is $2.08 and its 200-day moving average price is $5.00. The stock has a market capitalization of $694.45 million, a P/E ratio of -1.54 and a beta of 0.70. NET Power has a 12 month low of $1.48 and a 12 month high of $14.28.
NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($1.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.44). Equities research analysts anticipate that NET Power will post -0.4 EPS for the current year.
Institutional Investors Weigh In On NET Power
A number of hedge funds have recently made changes to their positions in NPWR. Covestor Ltd acquired a new position in shares of NET Power during the fourth quarter valued at approximately $43,000. National Bank of Canada FI increased its stake in shares of NET Power by 2,727.0% during the fourth quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock valued at $126,000 after acquiring an additional 11,508 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of NET Power during the fourth quarter valued at approximately $137,000. Mariner LLC acquired a new position in shares of NET Power during the fourth quarter valued at approximately $139,000. Finally, LPL Financial LLC increased its stake in shares of NET Power by 15.0% during the fourth quarter. LPL Financial LLC now owns 14,036 shares of the company's stock valued at $149,000 after acquiring an additional 1,832 shares during the period. Institutional investors own 53.62% of the company's stock.
NET Power Company Profile
(
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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