NET Power (NYSE:NPWR) Trading Up 7.8% – What’s Next?

Shares of NET Power Inc. (NYSE:NPWR) were up 7.8% on Monday . The stock traded as high as $3.11 and last traded at $3.17. Approximately 114,397 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 595,464 shares. The stock had previously closed at $2.94.

Wall Street Analysts Forecast Growth

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

NET Power Stock Up 6.8 %

The stock’s 50 day moving average price is $7.17 and its two-hundred day moving average price is $8.60.

Institutional Investors Weigh In On NET Power

Institutional investors have recently made changes to their positions in the company. Covestor Ltd bought a new position in NET Power during the fourth quarter valued at approximately $43,000. Janney Montgomery Scott LLC bought a new position in shares of NET Power during the 4th quarter valued at $108,000. Dynamic Technology Lab Private Ltd bought a new position in shares of NET Power during the 3rd quarter valued at $82,000. National Bank of Canada FI boosted its holdings in NET Power by 2,727.0% in the fourth quarter. National Bank of Canada FI now owns 11,930 shares of the company’s stock worth $126,000 after purchasing an additional 11,508 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in NET Power in the fourth quarter worth $137,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

NET Power Company Profile

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.