NET Power (NYSE:NPWR – Get Free Report) had its price target cut by Barclays from $13.00 to $11.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 28.06% from the stock’s current price.
NET Power Stock Performance
NYSE:NPWR traded down $0.27 on Wednesday, reaching $8.59. 61,311 shares of the stock traded hands, compared to its average volume of 349,816. The company’s 50 day moving average is $9.57 and its 200-day moving average is $9.80. NET Power has a 1-year low of $7.55 and a 1-year high of $17.62.
NET Power (NYSE:NPWR – Get Free Report) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.16) earnings per share (EPS) for the quarter. Research analysts anticipate that NET Power will post -0.21 earnings per share for the current year.
Insiders Place Their Bets
Hedge Funds Weigh In On NET Power
Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NET Power in the 4th quarter worth $31,000. Williams Jones Wealth Management LLC. bought a new position in NET Power during the 1st quarter valued at $128,000. XTX Topco Ltd bought a new position in NET Power during the 2nd quarter valued at $133,000. K2 Principal Fund L.P. bought a new position in NET Power during the 1st quarter valued at $148,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of NET Power during the 4th quarter valued at $163,000. 53.62% of the stock is currently owned by 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.
See Also
- Five stocks we like better than NET Power
- How to Invest in Biotech Stocks
- Serve Robotics Is Serving Up a Selling Opportunity
- What is the NASDAQ Stock Exchange?
- Defying the Market: 3 Mega-Cap Stocks Soaring to New Highs
- Roth IRA Calculator: Calculate Your Potential Returns
- Microsoft Stock: Is Now The Time To Be Greedy?
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.