NET Power (NYSE:NPWR) Sees Large Volume Increase – What’s Next?

NET Power Inc. (NYSE:NPWR) saw unusually-high trading volume on Monday . Approximately 647,268 shares changed hands during trading, a decline of 19% from the previous session’s volume of 799,667 shares.The stock last traded at $2.64 and had previously closed at $2.92.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NPWR shares. Citigroup upgraded NET Power from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays downgraded NET Power from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $3.00 to $2.00 in a report on Wednesday, April 23rd.

NET Power Stock Down 7.4%

The firm has a market capitalization of $531.24 million, a PE ratio of -1.18 and a beta of 0.64. The firm’s 50-day moving average price is $2.00 and its two-hundred day moving average price is $5.98.

NET Power (NYSE:NPWR) last issued its quarterly earnings data on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.44). Equities research analysts forecast that NET Power Inc. will post -0.4 EPS for the current year.

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently bought and sold shares of NPWR. Vanguard Group Inc. increased its position in NET Power by 13.1% in the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock valued at $30,345,000 after acquiring an additional 332,554 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in NET Power by 481.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company’s stock worth $6,417,000 after acquiring an additional 2,020,000 shares during the last quarter. CenterBook Partners LP raised its stake in shares of NET Power by 1,655.5% during the first quarter. CenterBook Partners LP now owns 1,744,770 shares of the company’s stock worth $4,589,000 after acquiring an additional 1,645,380 shares in the last quarter. HITE Hedge Asset Management LLC raised its stake in shares of NET Power by 80.6% during the first quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company’s stock valued at $1,955,000 after acquiring an additional 331,726 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of NET Power by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 658,563 shares of the company’s stock worth $6,976,000 after acquiring an additional 11,979 shares during the period. 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.