NET Power (NYSE:NPWR) Shares Down 5.8% – Should You Sell?

NET Power Inc. (NYSE:NPWR) shares dropped 5.8% during trading on Tuesday . The stock traded as low as $3.05 and last traded at $3.04. Approximately 115,365 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 584,308 shares. The stock had previously closed at $3.23.

Analysts Set New Price Targets

NPWR has been the topic of several recent analyst reports. Barclays dropped their target price on shares of NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Citigroup upgraded shares of NET Power from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.

NET Power Trading Up 0.8 %

The firm’s fifty day moving average price is $7.45 and its 200-day moving average price is $8.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NPWR. Vanguard Group Inc. increased its holdings in shares of NET Power by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock worth $30,345,000 after purchasing an additional 332,554 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of NET Power by 930.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company’s stock valued at $1,505,000 after acquiring an additional 128,187 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NET Power during the 4th quarter valued at about $1,264,000. 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 valued at $4,535,000 after acquiring an additional 115,189 shares in the last quarter. Finally, Man Group plc acquired a new stake in shares of NET Power during the 4th quarter valued at about $1,066,000. Institutional investors own 53.62% of the company’s stock.

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.