NET Power (NYSE:NPWR) Stock Price Down 5.5% – Should You Sell?

NET Power Inc. (NYSE:NPWR) shares were down 5.5% on Tuesday . The stock traded as low as $3.01 and last traded at $3.03. Approximately 94,499 shares traded hands during trading, a decline of 84% from the average daily volume of 598,621 shares. The stock had previously closed at $3.20.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays cut their price target on shares of NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th.

NET Power Stock Performance

The company has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $8.57.

Hedge Funds Weigh In On NET Power

A number of institutional investors have recently added to or reduced their stakes in NPWR. LPL Financial LLC grew its position in shares of NET Power by 15.0% in the 4th quarter. LPL Financial LLC now owns 14,036 shares of the company’s stock valued at $149,000 after acquiring an additional 1,832 shares during the period. Nebula Research & Development LLC lifted its stake in NET Power by 26.0% in the 4th quarter. Nebula Research & Development LLC now owns 19,107 shares of the company’s stock valued at $202,000 after purchasing an additional 3,945 shares during the last quarter. Covestor Ltd bought a new position in NET Power during the fourth quarter worth about $43,000. Barclays PLC increased its position in NET Power by 16.0% during the fourth quarter. Barclays PLC now owns 32,351 shares of the company’s stock worth $342,000 after buying an additional 4,468 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in NET Power by 29.5% in the fourth quarter. Wells Fargo & Company MN now owns 28,146 shares of the company’s stock valued at $298,000 after buying an additional 6,415 shares during the period. 53.62% of the stock is currently owned by institutional investors and hedge funds.

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.