Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of NET Power Inc. (NYSE:NPWR - Free Report) by 176.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,088 shares of the company's stock after buying an additional 98,952 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of NET Power worth $1,642,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. MetLife Investment Management LLC boosted its stake in NET Power by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company's stock worth $91,000 after purchasing an additional 7,281 shares during the period. HITE Hedge Asset Management LLC boosted its stake in NET Power by 2.6% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 387,624 shares of the company's stock worth $2,717,000 after purchasing an additional 9,987 shares during the period. Janney Montgomery Scott LLC acquired a new position in NET Power in the 4th quarter worth approximately $108,000. Dynamic Technology Lab Private Ltd acquired a new position in NET Power in the 3rd quarter worth approximately $82,000. Finally, Bank of New York Mellon Corp boosted its stake in NET Power by 32.1% in the 4th quarter. Bank of New York Mellon Corp now owns 66,411 shares of the company's stock worth $703,000 after purchasing an additional 16,135 shares during the period. 53.62% of the stock is currently owned by institutional investors.
NET Power Stock Down 2.8 %
NPWR stock traded down $0.09 during midday trading on Friday, reaching $2.95. The company had a trading volume of 1,203,410 shares, compared to its average volume of 597,007. NET Power Inc. has a 1 year low of $2.28 and a 1 year high of $14.28. The company has a 50 day moving average of $7.17 and a two-hundred day moving average of $8.60.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays cut their target price on shares of NET Power from $11.00 to $3.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th.
View Our Latest Research Report 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.
Featured 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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
