NET Power Inc. (NYSE:NPWR - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.75, but opened at $3.15. NET Power shares last traded at $3.02, with a volume of 1,028,652 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded NET Power from a "neutral" rating to a "buy" rating and lowered their price target for the company from $14.00 to $6.00 in a research report on Tuesday.
Read Our Latest Report on NET Power
NET Power Trading Down 39.9 %
The firm's 50 day moving average is $8.49 and its 200 day moving average is $8.92.
Institutional Investors Weigh In On NET Power
Several hedge funds have recently modified their holdings of the stock. S&CO Inc. raised its holdings in NET Power by 25.3% during the 3rd quarter. S&CO Inc. now owns 251,905 shares of the company's stock worth $1,765,000 after buying an additional 50,805 shares during the period. Quest Partners LLC acquired a new stake in shares of NET Power during the third quarter valued at approximately $153,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of NET Power in the 3rd quarter valued at approximately $394,000. Charles Schwab Investment Management Inc. grew its position in NET Power by 24.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 244,852 shares of the company's stock worth $1,716,000 after purchasing an additional 48,165 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in NET Power during the 3rd quarter valued at $82,000. 53.62% of the stock is owned by hedge funds and other 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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