NET Power (NYSE:NPWR) Reaches New 12-Month Low – What’s Next?

NET Power Inc. (NYSE:NPWR)’s stock price hit a new 52-week low during 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.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised 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.

NET Power Stock Performance

The stock has a 50-day moving average price of $8.34 and a 200-day moving average price of $8.88.

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in NET Power by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock valued at $30,345,000 after buying an additional 332,554 shares during the last quarter. Geode Capital Management LLC raised its holdings in NET Power by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 658,563 shares of the company’s stock worth $6,976,000 after buying an additional 11,979 shares during the period. Marshall Wace LLP lifted its position in shares of NET Power by 9.4% in the 4th quarter. Marshall Wace LLP now owns 448,547 shares of the company’s stock valued at $4,750,000 after acquiring an additional 38,627 shares in the last quarter. HITE Hedge Asset Management LLC lifted its holdings in shares of NET Power by 6.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 411,512 shares of the company’s stock valued at $4,358,000 after purchasing an additional 23,888 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of NET Power by 11.8% in the third quarter. State Street Corp now owns 369,281 shares of the company’s stock valued at $2,589,000 after purchasing an additional 38,910 shares in the last quarter. 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.