Shares of NET Power Inc. (NYSE:NPWR – Get Free Report) traded up 7.8% on Monday . The company traded as high as $3.11 and last traded at $3.17. 114,397 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 595,464 shares. The stock had previously closed at $2.94.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Barclays reduced their target price on NET Power from $11.00 to $3.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.
Check Out Our Latest Analysis on NPWR
NET Power Stock Performance
Institutional Investors Weigh In On NET Power
Several hedge funds have recently modified their holdings of the business. Williams Jones Wealth Management LLC. bought a new position in NET Power during the fourth quarter worth $159,000. Man Group plc bought a new position in shares of NET Power during the 4th quarter worth about $1,066,000. Interval Partners LP acquired a new position in shares of NET Power during the fourth quarter valued at about $168,000. Bank of America Corp DE lifted its stake 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 buying an additional 6,975 shares during the period. Finally, Northern Trust Corp lifted its stake 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 buying an additional 22,604 shares during the period. 53.62% of the stock is owned by institutional investors.
About NET Power
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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