Barclays Has Lowered Expectations for NET Power (NYSE:NPWR) Stock Price

NET Power (NYSE:NPWR) had its price objective reduced by equities researchers at Barclays from $11.00 to $3.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 1.51% from the stock’s previous close.

Separately, Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and cut their target price for the stock from $14.00 to $6.00 in a research report on Tuesday.

NET Power Trading Down 5.4 %

NPWR stock traded down $0.17 during midday trading on Wednesday, hitting $3.05. 911,852 shares of the company traded hands, compared to its average volume of 980,046. The business has a 50 day simple moving average of $8.34 and a 200-day simple moving average of $8.88. NET Power has a twelve month low of $2.28 and a twelve month high of $14.28.

Institutional Trading of NET Power

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of NET Power by 15.0% during the fourth quarter. LPL Financial LLC now owns 14,036 shares of the company’s stock valued at $149,000 after buying an additional 1,832 shares during the last quarter. Nebula Research & Development LLC increased its stake in NET Power by 26.0% during the fourth quarter. Nebula Research & Development LLC now owns 19,107 shares of the company’s stock valued at $202,000 after acquiring an additional 3,945 shares during the period. Covestor Ltd acquired a new position in NET Power in the 4th quarter valued at approximately $43,000. Barclays PLC lifted its position in shares of NET Power by 16.0% in the 4th quarter. Barclays PLC now owns 32,351 shares of the company’s stock worth $342,000 after acquiring an additional 4,468 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of NET Power by 29.5% during the 4th quarter. Wells Fargo & Company MN now owns 28,146 shares of the company’s stock worth $298,000 after purchasing an additional 6,415 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors and hedge funds.

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.