NET Power (NYSE:NPWR) Hits New 52-Week Low – Time to Sell?

Shares of NET Power Inc. (NYSE:NPWR) reached a new 52-week low on Wednesday . The stock traded as low as $1.97 and last traded at $2.39, with a volume of 576926 shares traded. The stock had previously closed at $2.03.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays dropped their target price on NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Citigroup upgraded 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 report on Tuesday, March 11th.

NET Power Stock Performance

The firm’s 50-day simple moving average is $5.07 and its 200 day simple moving average is $8.06. The stock has a market capitalization of $519.04 million, a P/E ratio of -3.56 and a beta of 0.47.

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently bought and sold shares of NPWR. Vanguard Group Inc. grew its stake in NET Power by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock valued at $30,345,000 after purchasing an additional 332,554 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NET Power by 930.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company’s stock valued at $1,505,000 after buying an additional 128,187 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of NET Power in the fourth quarter valued at $1,264,000. Geode Capital Management LLC increased its holdings in NET Power by 21.7% during the third quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock worth $4,535,000 after buying an additional 115,189 shares during the last quarter. Finally, Man Group plc bought a new stake in NET Power during the fourth quarter worth $1,066,000. 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.