Shares of NET Power Inc. (NYSE:NPWR - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 657,080 shares changed hands during mid-day trading, an increase of 115% from the previous session's volume of 305,100 shares.The stock last traded at $10.33 and had previously closed at $10.06.
Analyst Ratings Changes
Separately, Barclays began coverage on NET Power in a research report on Wednesday, April 10th. They set an "equal weight" rating and a $13.00 price target on the stock.
Check Out Our Latest Analysis on NPWR
NET Power Trading Up 3.9 %
The business has a 50-day moving average price of $9.44 and a 200-day moving average price of $10.53.
Hedge Funds Weigh In On NET Power
A number of large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new position in shares of NET Power in the 2nd quarter valued at $26,000. Charles Schwab Investment Management Inc. increased its position in shares of NET Power by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 134,001 shares of the company's stock valued at $1,353,000 after acquiring an additional 2,369 shares during the period. Royal Bank of Canada acquired a new position in shares of NET Power in the 2nd quarter valued at $32,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of NET Power in the 4th quarter valued at $31,000. Finally, Smithfield Trust Co increased its position in shares of NET Power by 34.6% in the 3rd quarter. Smithfield Trust Co now owns 15,474 shares of the company's stock valued at $233,000 after acquiring an additional 3,974 shares during the period. 53.62% of the stock is owned by institutional investors and hedge funds.
About NET Power
(
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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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