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

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

Analysts Set New Price Targets

A number of brokerages have issued reports on NPWR. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and decreased their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays decreased their target price on shares of NET Power from $11.00 to $3.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th.

NET Power Stock Performance

The business’s fifty day moving average price is $7.45 and its two-hundred day moving average price is $8.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd bought a new position in shares of NET Power during the 4th quarter valued at $43,000. Dynamic Technology Lab Private Ltd bought a new position in NET Power in the 3rd quarter worth $82,000. MetLife Investment Management LLC raised its holdings in NET Power by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock worth $91,000 after acquiring an additional 7,281 shares during the period. Janney Montgomery Scott LLC bought a new position in NET Power in the 4th quarter worth $108,000. Finally, National Bank of Canada FI raised its holdings 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 worth $126,000 after acquiring an additional 11,508 shares during the period. Institutional investors 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.