NET Power Inc. (NYSE:NPWR - Get Free Report) rose 5.2% on Monday . The stock traded as high as $3.42 and last traded at $3.42. Approximately 234,406 shares changed hands during trading, a decline of 60% from the average daily volume of 581,511 shares. The stock had previously closed at $3.25.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on NPWR. Barclays reduced 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 note on Wednesday, March 12th. Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and cut their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th.
View Our Latest Research Report on NET Power
NET Power Price Performance
The stock has a 50-day moving average of $7.31 and a 200-day moving average of $8.63.
Institutional Investors Weigh In On NET Power
A number of institutional investors have recently made changes to their positions in NPWR. Vanguard Group Inc. lifted its position in shares of NET Power by 13.1% during 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 period. Dimensional Fund Advisors LP lifted its stake in NET Power by 930.8% in 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 last quarter. Raymond James Financial Inc. acquired a new position in NET Power in the 4th quarter worth about $1,264,000. Geode Capital Management LLC raised its holdings in 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 buying an additional 115,189 shares during the last quarter. Finally, Man Group plc bought a new position in shares of NET Power during the fourth quarter worth about $1,066,000. Institutional investors own 53.62% of the company's stock.
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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