NET Power (NYSE:NPWR) Trading Down 5.5% – Should You Sell?

NET Power Inc. (NYSE:NPWR) shares were down 5.5% during trading on Tuesday . The stock 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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NPWR shares. Citigroup raised NET Power from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays cut their target price on NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th.

NET Power Stock Performance

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NPWR. Vanguard Group Inc. increased its position in shares of NET Power by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock valued at $30,345,000 after purchasing an additional 332,554 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in NET Power by 930.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company’s stock valued at $1,505,000 after acquiring an additional 128,187 shares during the period. Raymond James Financial Inc. purchased a new stake in NET Power during the fourth quarter valued at about $1,264,000. Geode Capital Management LLC boosted its position in 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 purchasing an additional 115,189 shares during the period. Finally, Man Group plc purchased a new position in shares of NET Power in the fourth quarter worth about $1,066,000. 53.62% of the stock is currently owned by hedge funds and other 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.