NET Power Inc. (NYSE:NPWR – Get Free Report) shares rose 15.4% during mid-day trading on Friday . The company traded as high as $3.45 and last traded at $3.60. Approximately 392,077 shares changed hands during trading, a decline of 70% from the average daily volume of 1,307,238 shares. The stock had previously closed at $3.12.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NET Power in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.00.
Check Out Our Latest Stock Report on NPWR
NET Power Trading Up 8.8%
NET Power (NYSE:NPWR – Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.24). As a group, sell-side analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NET Power
Institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in shares of NET Power during the 2nd quarter valued at approximately $25,000. Invesco Ltd. purchased a new position in shares of NET Power during the 2nd quarter valued at approximately $25,000. Sei Investments Co. purchased a new position in shares of NET Power during the 2nd quarter valued at approximately $32,000. Deutsche Bank AG grew its stake in NET Power by 63.0% in the 1st quarter. Deutsche Bank AG now owns 14,051 shares of the company’s stock valued at $37,000 after acquiring an additional 5,429 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in NET Power by 48.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock valued at $40,000 after acquiring an additional 5,255 shares during the period. 53.62% of the stock is owned by hedge funds and other 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.
Further Reading
- Five stocks we like better than NET Power
- Most Volatile Stocks, What Investors Need to Know
- Why the Precious Metal Nobody Talks About Could Be Your Best Bet
- 3 Defense Stocks Set to Benefit From Increased Military Spending
- Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback
- 3 Best Fintech Stocks for a Portfolio Boost
- 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending
Receive News & Ratings for NET Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NET Power and related companies with MarketBeat.com's FREE daily email newsletter.