NET Power (NYSE:NPWR) Given New $3.00 Price Target at Barclays

NET Power (NYSE:NPWR) had its target price lowered by stock analysts at Barclays from $11.00 to $3.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential downside of 1.51% from the company’s previous close.

Separately, Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $14.00 to $6.00 in a research report on Tuesday.

NET Power Price Performance

NYSE:NPWR traded down $0.17 during trading hours on Wednesday, hitting $3.05. 911,852 shares of the stock traded hands, compared to its average volume of 980,046. The firm has a 50 day moving average price of $8.34 and a 200 day moving average price of $8.88. NET Power has a fifty-two week low of $2.28 and a fifty-two week high of $14.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in NET Power by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock worth $30,345,000 after buying an additional 332,554 shares during the last quarter. Geode Capital Management LLC grew its position in NET Power by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 658,563 shares of the company’s stock worth $6,976,000 after acquiring an additional 11,979 shares in the last quarter. Marshall Wace LLP increased its stake in shares of NET Power by 9.4% during the 4th quarter. Marshall Wace LLP now owns 448,547 shares of the company’s stock worth $4,750,000 after purchasing an additional 38,627 shares during the last quarter. HITE Hedge Asset Management LLC raised its holdings in shares of NET Power by 6.2% during the 4th 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 stake in shares of NET Power by 11.8% in the 3rd 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 during the last quarter. 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.