NET Power (NYSE:NPWR) Stock Price Up 7.8% – Here’s What Happened

NET Power Inc. (NYSE:NPWR)’s stock price was up 7.8% on Monday . The stock traded as high as $3.11 and last traded at $3.17. Approximately 114,397 shares were traded during trading, a decline of 81% from the average daily volume of 595,464 shares. The stock had previously closed at $2.94.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NPWR. Citigroup upgraded shares of NET Power from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays decreased their price objective on shares of 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 Price Performance

The stock has a fifty day moving average price of $6.93 and a two-hundred day moving average price of $8.53.

Institutional Inflows and Outflows

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