NET Power (NYSE:NPWR) Stock Rating Lowered by Barclays

NET Power (NYSE:NPWR) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a research report issued on Wednesday, Marketbeat.com reports. They currently have a $2.00 target price on the stock, down from their previous target price of $3.00. Barclays‘s target price suggests a potential upside of 1.52% from the company’s current price.

Separately, Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and lowered their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th.

NET Power Stock Performance

Shares of NYSE NPWR opened at $1.97 on Wednesday. NET Power has a fifty-two week low of $1.84 and a fifty-two week high of $14.28. The company has a market cap of $428.73 million, a price-to-earnings ratio of -2.94 and a beta of 0.47. The business’s 50 day moving average price is $4.08 and its 200-day moving average price is $7.79.

Hedge Funds Weigh In On NET Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPWR. Covestor Ltd bought a new stake in shares of NET Power in the 4th quarter valued at about $43,000. Janney Montgomery Scott LLC acquired a new position in shares of NET Power during the fourth quarter worth $108,000. National Bank of Canada FI lifted its holdings in shares of NET Power by 2,727.0% during the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company’s stock valued at $126,000 after purchasing an additional 11,508 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of NET Power in the 4th quarter worth $137,000. Finally, Mariner LLC purchased a new position in NET Power during the 4th quarter worth $139,000. Hedge funds and other institutional investors own 53.62% of the company’s stock.

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.