NET Power (NYSE:NPWR) Trading 5.2% Higher – Here’s Why

NET Power Inc. (NYSE:NPWR) was up 5.2% during trading on Monday . The company traded as high as $3.42 and last traded at $3.42. Approximately 234,406 shares traded hands during trading, a decline of 60% from the average daily volume of 581,511 shares. The stock had previously closed at $3.25.

Analysts Set New Price Targets

Several research firms have weighed in on NPWR. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays lowered their target price 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.

NET Power Trading Up 2.6 %

The stock’s fifty day moving average is $7.88 and its 200 day moving average is $8.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NPWR. Covestor Ltd purchased a new position in shares of NET Power during the fourth quarter valued at approximately $43,000. Dynamic Technology Lab Private Ltd purchased a new position in NET Power during the 3rd quarter valued at $82,000. MetLife Investment Management LLC raised its holdings in NET Power by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock worth $91,000 after purchasing an additional 7,281 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of NET Power in the 4th quarter worth about $108,000. Finally, National Bank of Canada FI lifted its stake in shares of NET Power by 2,727.0% in the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company’s stock valued at $126,000 after purchasing an additional 11,508 shares during the period. 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.