NET Power (NYSE:NPWR) Hits New 52-Week Low – Should You Sell?

Shares of NET Power Inc. (NYSE:NPWR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.28 and last traded at $2.30, with a volume of 273695 shares traded. The stock had previously closed at $2.50.

Wall Street Analyst Weigh In

Several research firms recently commented on NPWR. Barclays cut their price objective on shares of NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Citigroup upgraded NET Power from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th.

NET Power Stock Down 5.1 %

The stock has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $8.26. The company has a market cap of $466.81 million, a price-to-earnings ratio of -3.20 and a beta of 0.47.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in NET Power by 24.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 244,852 shares of the company’s stock valued at $1,716,000 after buying an additional 48,165 shares during the period. MetLife Investment Management LLC lifted its stake in NET Power by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock valued at $91,000 after purchasing an additional 7,281 shares during the last quarter. State Street Corp boosted its position in NET Power by 11.8% in the third quarter. State Street Corp now owns 369,281 shares of the company’s stock valued at $2,589,000 after buying an additional 38,910 shares in the last quarter. Barclays PLC grew its stake in shares of NET Power by 276.7% during the third quarter. Barclays PLC now owns 27,883 shares of the company’s stock worth $196,000 after buying an additional 20,481 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of NET Power by 21.7% during the third quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock worth $4,535,000 after buying an additional 115,189 shares in the last quarter. 53.62% of the stock is owned by institutional investors.

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.