Vanguard Group Inc. bought a new position in shares of NET Power Inc. (NYSE:NPWR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,435,757 shares of the company's stock, valued at approximately $21,680,000. Vanguard Group Inc. owned approximately 2.02% of NET Power as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in shares of NET Power during the 2nd quarter valued at $26,000. Royal Bank of Canada bought a new position in shares of NET Power during the 2nd quarter valued at $32,000. Smithfield Trust Co raised its holdings in shares of NET Power by 34.6% during the 3rd quarter. Smithfield Trust Co now owns 15,474 shares of the company's stock valued at $233,000 after purchasing an additional 3,974 shares in the last quarter. Commonwealth Equity Services LLC raised its position in NET Power by 10.7% during the third quarter. Commonwealth Equity Services LLC now owns 43,931 shares of the company's stock worth $663,000 after acquiring an additional 4,232 shares in the last quarter. Finally, UBS Group AG bought a new stake in NET Power during the third quarter worth $75,000. 53.62% of the stock is currently owned by institutional investors.
NET Power Trading Down 3.2 %
NET Power stock traded down $0.34 during trading hours on Friday, reaching $10.15. 190,406 shares of the stock were exchanged, compared to its average volume of 390,565. NET Power Inc. has a twelve month low of $7.55 and a twelve month high of $17.62. The stock has a 50 day moving average of $9.35 and a two-hundred day moving average of $10.64.
Wall Street Analysts Forecast Growth
Separately, Barclays initiated coverage on shares of NET Power in a research note on Wednesday. They set an "equal weight" rating and a $13.00 price objective on the stock.
View Our Latest Analysis on NET Power
NET Power Profile
(
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.
Recommended Stories
Before you consider NET Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NET Power wasn't on the list.
While NET Power currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
