NET Power Inc. (NYSE:NPWR - Get Free Report) was the target of unusually large options trading on Friday. Stock traders purchased 11,168 call options on the stock. This is an increase of approximately 1,155% compared to the typical volume of 890 call options.
NET Power Trading Up 2.9%
NPWR traded up $0.06 during midday trading on Monday, hitting $2.19. The company's stock had a trading volume of 3,435,937 shares, compared to its average volume of 737,696. NET Power has a 52-week low of $1.48 and a 52-week high of $14.28. The firm has a 50-day moving average price of $2.01 and a two-hundred day moving average price of $6.43. The firm has a market cap of $480.19 million, a P/E ratio of -1.06 and a beta of 0.51.
NET Power (NYSE:NPWR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.44). On average, equities analysts expect that NET Power will post -0.4 EPS for the current year.
Wall Street Analysts Forecast Growth
NPWR has been the subject of several recent research reports. Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and dropped their target price for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. Barclays downgraded shares of NET Power from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $3.00 to $2.00 in a research note on Wednesday, April 23rd.
Read Our Latest Research Report on NET Power
Institutional Investors Weigh In On NET Power
A number of institutional investors have recently added to or reduced their stakes in NPWR. Adage Capital Partners GP L.L.C. increased its position in NET Power by 481.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company's stock worth $6,417,000 after purchasing an additional 2,020,000 shares in the last quarter. PDT Partners LLC acquired a new stake in shares of NET Power in the first quarter worth $294,000. Caption Management LLC purchased a new position in shares of NET Power in the 1st quarter valued at $147,000. EntryPoint Capital LLC purchased a new position in shares of NET Power in the 1st quarter valued at $126,000. Finally, HITE Hedge Asset Management LLC lifted its holdings in shares of NET Power by 80.6% during the 1st quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company's stock valued at $1,955,000 after acquiring an additional 331,726 shares in the last quarter. Hedge funds and other 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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