NET Power Inc. (NYSE:NPWR - Get Free Report) shares fell 5.8% during mid-day trading on Tuesday . The stock traded as low as $3.05 and last traded at $3.04. 115,365 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 584,308 shares. The stock had previously closed at $3.23.
Analysts Set New Price Targets
Several research firms have recently issued reports on NPWR. Barclays lowered their price target on 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. Citigroup raised NET Power from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th.
View Our Latest Analysis on NET Power
NET Power Price Performance
The firm has a fifty day moving average of $7.17 and a 200 day moving average of $8.60.
Institutional Investors Weigh In On NET Power
Several large investors have recently bought and sold shares of NPWR. Vanguard Group Inc. increased its holdings in NET Power by 13.1% in the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock worth $30,345,000 after buying an additional 332,554 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NET Power by 930.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company's stock valued at $1,505,000 after purchasing an additional 128,187 shares during the period. Raymond James Financial Inc. bought a new stake in shares of NET Power during the 4th quarter valued at about $1,264,000. Geode Capital Management LLC grew its stake in shares of NET Power by 21.7% during 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 period. Finally, Man Group plc bought a new stake in shares of NET Power during the 4th quarter valued at about $1,066,000. 53.62% of the stock is currently owned by institutional investors.
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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