NET Power (NYSE:NPWR) Trading Down 5.5% – What’s Next?

NET Power Inc. (NYSE:NPWR) dropped 5.5% during trading on Tuesday . The company traded as low as $3.01 and last traded at $3.03. Approximately 94,499 shares were traded 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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NPWR shares. Barclays decreased their price target on 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 raised shares of NET Power from a “neutral” rating to a “buy” rating and decreased their target price for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th.

NET Power Trading Down 5.7 %

The stock’s 50-day simple moving average is $6.81 and its 200 day simple moving average is $8.49.

Institutional Investors Weigh In On NET Power

Several institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC increased its holdings in NET Power by 15.0% in the fourth quarter. LPL Financial LLC now owns 14,036 shares of the company’s stock worth $149,000 after purchasing an additional 1,832 shares in the last quarter. Nebula Research & Development LLC increased its stake in shares of NET Power by 26.0% in the 4th quarter. Nebula Research & Development LLC now owns 19,107 shares of the company’s stock valued at $202,000 after acquiring an additional 3,945 shares in the last quarter. Covestor Ltd acquired a new position in shares of NET Power during the 4th quarter valued at $43,000. Barclays PLC boosted its stake in NET Power by 16.0% during the fourth quarter. Barclays PLC now owns 32,351 shares of the company’s stock worth $342,000 after acquiring an additional 4,468 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in NET Power by 29.5% during the fourth quarter. Wells Fargo & Company MN now owns 28,146 shares of the company’s stock worth $298,000 after acquiring an additional 6,415 shares in the last quarter. Institutional investors own 53.62% of the company’s stock.

NET Power Company Profile

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.