Shares of NET Power Inc. (NYSE:NPWR - Get Free Report) were up 6.5% during mid-day trading on Thursday . The company traded as high as $8.32 and last traded at $8.31. Approximately 66,208 shares were traded during trading, a decline of 81% from the average daily volume of 341,681 shares. The stock had previously closed at $7.80.
Analyst Upgrades and Downgrades
Separately, Barclays decreased their target price on NET Power from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 14th.
View Our Latest Report on NET Power
NET Power Trading Up 4.9 %
The stock has a fifty day simple moving average of $9.10 and a 200 day simple moving average of $9.74.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NET Power in the 4th quarter worth $31,000. Williams Jones Wealth Management LLC. purchased a new stake in shares of NET Power in the first quarter worth about $128,000. K2 Principal Fund L.P. bought a new position in NET Power during the first quarter valued at approximately $148,000. XTX Topco Ltd purchased a new position in NET Power during the 2nd quarter valued at approximately $133,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in NET Power in the 2nd quarter worth approximately $136,000. 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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