NET Power (NYSE:NPWR) Trading 6.5% Higher

NET Power Inc. (NYSE:NPWR) shot up 6.5% during mid-day trading on Thursday . The stock traded as high as $8.32 and last traded at $8.31. 66,208 shares were traded during mid-day trading, a decline of 81% from the average session volume of 341,681 shares. The stock had previously closed at $7.80.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th.

NET Power Stock Performance

The company has a 50 day moving average price of $9.07 and a 200-day moving average price of $9.74.

Institutional Trading of NET Power

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NET Power in the fourth quarter worth about $31,000. Williams Jones Wealth Management LLC. purchased a new position in NET Power during the 1st quarter valued at approximately $128,000. K2 Principal Fund L.P. purchased a new position in NET Power during the 1st quarter valued at approximately $148,000. XTX Topco Ltd purchased a new position in NET Power during the 2nd quarter valued at approximately $133,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in NET Power during the 2nd quarter valued at approximately $136,000. Hedge funds and other 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.