NET Power (NYSE:NPWR - Get Free Report) was downgraded by Barclays from an "equal weight" rating to an "underweight" rating in a report released on Wednesday, Marketbeat.com reports. They currently have a $2.00 price target on the stock, down from their prior price target of $3.00. Barclays's target price would suggest a potential upside of 1.52% from the company's current price.
Separately, Citigroup raised NET Power from a "neutral" rating to a "buy" rating and dropped their price target for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th.
View Our Latest Stock Analysis on NET Power
NET Power Stock Performance
NPWR opened at $1.97 on Wednesday. The stock has a market capitalization of $428.73 million, a price-to-earnings ratio of -2.94 and a beta of 0.47. NET Power has a fifty-two week low of $1.84 and a fifty-two week high of $14.28. The company has a fifty day moving average of $4.08 and a 200 day moving average of $7.79.
Hedge Funds Weigh In On NET Power
A number of institutional investors and hedge funds have recently made changes to their positions in NPWR. Vanguard Group Inc. lifted its holdings in shares of NET Power by 13.1% in the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock valued at $30,345,000 after acquiring an additional 332,554 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NET Power by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company's stock valued at $4,535,000 after purchasing an additional 115,189 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NET Power by 176.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 155,088 shares of the company's stock valued at $1,642,000 after purchasing an additional 98,952 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of NET Power during the 4th quarter valued at approximately $1,264,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of NET Power during the 4th quarter valued at approximately $108,000. 53.62% of the stock is owned by hedge funds and other institutional investors.
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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