Connor Clark & Lunn Investment Management Ltd. Purchases 98,952 Shares of NET Power Inc. (NYSE:NPWR)

Connor Clark & Lunn Investment Management Ltd. grew its position in NET Power Inc. (NYSE:NPWR) by 176.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,088 shares of the company’s stock after buying an additional 98,952 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in NET Power were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NPWR. Dynamic Technology Lab Private Ltd bought a new position in NET Power in the third quarter worth approximately $82,000. MetLife Investment Management LLC increased its holdings in shares of 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 acquiring an additional 7,281 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of NET Power in the 4th quarter worth $108,000. Quest Partners LLC purchased a new stake in shares of NET Power during the 3rd quarter worth $153,000. Finally, Handelsbanken Fonder AB bought a new stake in NET Power during the fourth quarter valued at about $175,000. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NPWR. Barclays reduced their target price on shares of 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 upgraded shares of NET Power from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th.

NET Power Price Performance

NET Power stock opened at $3.11 on Thursday. The business has a fifty day moving average price of $7.45 and a 200-day moving average price of $8.67. NET Power Inc. has a 1-year low of $2.28 and a 1-year high of $14.28.

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.