Shares of NET Power Inc. (NYSE:NPWR - Get Free Report) dropped 7.2% during trading on Monday . The company traded as low as $2.49 and last traded at $2.50. Approximately 254,330 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 608,752 shares. The stock had previously closed at $2.69.
Wall Street Analysts Forecast Growth
NPWR has been the topic of a number of research reports. Citigroup upgraded NET Power from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays lowered their price target on shares of NET Power from $11.00 to $3.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th.
View Our Latest Stock Report on NET Power
NET Power Stock Down 5.1 %
The company has a market capitalization of $466.81 million, a price-to-earnings ratio of -3.20 and a beta of 0.47. The business has a fifty day simple moving average of $5.98 and a two-hundred day simple moving average of $8.29.
Institutional Trading of NET Power
Large investors have recently bought and sold shares of the stock. Covestor Ltd bought a new position in shares of NET Power during the fourth quarter valued at $43,000. MetLife Investment Management LLC lifted its holdings in NET Power by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company's stock valued at $91,000 after purchasing an additional 7,281 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in NET Power in the fourth quarter valued at about $108,000. National Bank of Canada FI grew its stake in NET Power by 2,727.0% during the fourth quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock worth $126,000 after buying an additional 11,508 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of NET Power in the fourth quarter valued at approximately $137,000. 53.62% of the stock is currently owned by 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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