NET Power Inc. $NPWR Holdings Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in NET Power Inc. (NYSE:NPWR) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,252 shares of the company’s stock after selling 7,560 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.12% of NET Power worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mariner LLC bought a new position in NET Power during the 4th quarter worth $139,000. Williams Jones Wealth Management LLC. bought a new position in NET Power during the 4th quarter worth $159,000. Interval Partners LP bought a new position in NET Power during the 4th quarter worth $168,000. Legacy Advisors LLC bought a new position in NET Power during the 1st quarter worth $43,000. Finally, Bank of America Corp DE grew its stake in NET Power by 42.8% during the 4th quarter. Bank of America Corp DE now owns 23,263 shares of the company’s stock worth $246,000 after buying an additional 6,975 shares during the last quarter. 53.62% of the stock is currently owned by institutional investors.

NET Power Price Performance

Shares of NPWR opened at $2.38 on Wednesday. The company has a market cap of $520.65 million, a P/E ratio of -1.01 and a beta of 0.71. The stock has a fifty day moving average price of $2.74 and a 200 day moving average price of $2.95. NET Power Inc. has a 12 month low of $1.48 and a 12 month high of $14.28.

NET Power (NYSE:NPWR) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.24). As a group, research analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current year.

NET Power 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.