NET Power Inc. (NYSE:NPWR - Get Free Report) shares rose 7.8% during trading on Monday . The stock traded as high as $3.11 and last traded at $3.17. Approximately 114,397 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 595,464 shares. The stock had previously closed at $2.94.
Wall Street Analyst Weigh In
NPWR has been the topic of a number of recent analyst reports. Citigroup raised NET Power from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $14.00 to $6.00 in a 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 research note on Wednesday, March 12th.
View Our Latest Stock Report on NPWR
NET Power Stock Performance
The company has a 50 day moving average price of $6.68 and a 200 day moving average price of $8.45.
Institutional Trading of NET Power
Large investors have recently bought and sold shares of the company. Williams Jones Wealth Management LLC. acquired a new position in shares of NET Power during the 4th quarter worth $159,000. Man Group plc acquired a new position in NET Power during the fourth quarter worth about $1,066,000. Interval Partners LP acquired a new position in NET Power during the fourth quarter worth about $168,000. Bank of America Corp DE lifted its holdings in shares of NET Power by 42.8% in the fourth quarter. Bank of America Corp DE now owns 23,263 shares of the company's stock valued at $246,000 after purchasing an additional 6,975 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of NET Power by 11.5% in the fourth quarter. Northern Trust Corp now owns 219,511 shares of the company's stock valued at $2,325,000 after purchasing an additional 22,604 shares during the last quarter. Institutional investors and hedge funds own 53.62% of the company's stock.
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.
Further Reading
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