NET Power Inc. (NYSE:NPWR - Get Free Report) was down 5.5% during mid-day trading on Tuesday . The stock traded as low as $3.01 and last traded at $3.03. Approximately 94,499 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 598,621 shares. The stock had previously closed at $3.20.
Analyst Ratings Changes
NPWR has been the subject of a number of recent research reports. Barclays cut their price objective 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 reduced their target price for the company from $14.00 to $6.00 in a report on Tuesday, March 11th.
Get Our Latest Stock Report on NPWR
NET Power Stock Down 0.9 %
The firm has a market capitalization of $586.51 million, a PE ratio of -4.02 and a beta of 0.07. The firm's 50-day moving average price is $6.55 and its two-hundred day moving average price is $8.42.
Institutional Trading of NET Power
A number of hedge funds have recently modified their holdings of NPWR. Vanguard Group Inc. raised its position in NET Power by 13.1% during the fourth quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock valued at $30,345,000 after buying an additional 332,554 shares during the period. Geode Capital Management LLC grew its stake in NET Power by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 658,563 shares of the company's stock valued at $6,976,000 after acquiring an additional 11,979 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of NET Power by 9.4% in the 4th quarter. Marshall Wace LLP now owns 448,547 shares of the company's stock valued at $4,750,000 after purchasing an additional 38,627 shares during the period. HITE Hedge Asset Management LLC lifted its position in shares of NET Power by 6.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 411,512 shares of the company's stock worth $4,358,000 after purchasing an additional 23,888 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of NET Power by 11.8% during the third quarter. State Street Corp now owns 369,281 shares of the company's stock worth $2,589,000 after purchasing an additional 38,910 shares during the period. Hedge funds and other institutional investors own 53.62% of the company's stock.
NET Power Company Profile
(
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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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