NET Power (NYSE:NPWR) Shares Gap Up – What’s Next?

NET Power Inc. (NYSE:NPWR)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $2.15, but opened at $2.23. NET Power shares last traded at $2.43, with a volume of 230,588 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NPWR shares. Citigroup raised NET Power from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays lowered NET Power from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $3.00 to $2.00 in a research report on Wednesday, April 23rd.

NET Power Stock Performance

The firm has a market capitalization of $635.29 million, a price-to-earnings ratio of -1.41 and a beta of 0.64. The business has a fifty day moving average of $1.99 and a two-hundred day moving average of $6.16.

NET Power (NYSE:NPWR) last posted its earnings results on Monday, May 12th. The company reported ($1.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.44). As a group, sell-side analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NPWR. Deutsche Bank AG increased its holdings in shares of NET Power by 63.0% during the 1st quarter. Deutsche Bank AG now owns 14,051 shares of the company’s stock worth $37,000 after acquiring an additional 5,429 shares during the last quarter. Covestor Ltd bought a new stake in NET Power in the 4th quarter valued at $43,000. Legacy Advisors LLC bought a new stake in NET Power in the 1st quarter valued at $43,000. Janney Montgomery Scott LLC bought a new stake in NET Power in the 4th quarter valued at $108,000. Finally, National Bank of Canada FI boosted its stake in NET Power by 2,727.0% in the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company’s stock valued at $126,000 after purchasing an additional 11,508 shares during the period. 53.62% of the stock is 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.