NET Power (NYSE:NPWR) Shares Gap Down – What’s Next?

NET Power Inc. (NYSE:NPWR)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $2.46, but opened at $2.27. NET Power shares last traded at $2.31, with a volume of 222,729 shares traded.

Analyst Ratings Changes

Several equities analysts have recently commented on NPWR shares. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays dropped their price objective on NET Power from $11.00 to $3.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th.

NET Power Stock Performance

The company’s 50-day moving average price is $5.20 and its 200 day moving average price is $8.10. The stock has a market capitalization of $503.81 million, a PE ratio of -3.46 and a beta of 0.47.

Institutional Trading of NET Power

Several large investors have recently bought and sold shares of the company. LPL Financial LLC boosted 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 purchasing an additional 1,832 shares in the last quarter. Nebula Research & Development LLC lifted its position 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 buying an additional 3,945 shares during the period. Covestor Ltd bought a new stake in shares of NET Power during the 4th quarter valued at $43,000. Barclays PLC grew 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 buying an additional 4,468 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of NET Power by 29.5% in the 4th quarter. Wells Fargo & Company MN now owns 28,146 shares of the company’s stock worth $298,000 after acquiring an additional 6,415 shares in the last quarter. 53.62% of the stock is 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.