NET Power (NYSE:NPWR) Reaches New 1-Year Low – What’s Next?

Shares of NET Power Inc. (NYSE:NPWR) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.02 and last traded at $3.36, with a volume of 467545 shares traded. The stock had previously closed at $6.93.

NET Power Stock Down 57.3 %

The stock has a 50-day simple moving average of $8.66 and a 200 day simple moving average of $8.96.

Hedge Funds Weigh In On NET Power

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of NET Power by 21.7% during the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock worth $4,535,000 after acquiring an additional 115,189 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in NET Power during the third quarter worth approximately $394,000. S&CO Inc. lifted its stake in NET Power by 25.3% in the third quarter. S&CO Inc. now owns 251,905 shares of the company’s stock valued at $1,765,000 after buying an additional 50,805 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of NET Power during the fourth quarter worth approximately $108,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NET Power by 24.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 244,852 shares of the company’s stock valued at $1,716,000 after acquiring an additional 48,165 shares during the period. Institutional investors and hedge funds 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.