NET Power Inc. (NYSE:NPWR – Get Free Report) shares saw strong trading volume on Wednesday . 657,080 shares changed hands during mid-day trading, an increase of 115% from the previous session’s volume of 305,100 shares.The stock last traded at $10.33 and had previously closed at $10.06.
Analyst Upgrades and Downgrades
Separately, Barclays assumed coverage on NET Power in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $13.00 target price for the company.
Read Our Latest Stock Analysis on NPWR
NET Power Price Performance
Institutional Trading of NET Power
Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in NET Power during the 3rd quarter valued at $21,680,000. Bank of New York Mellon Corp bought a new stake in NET Power during the 3rd quarter valued at $184,000. Pekin Hardy Strauss Inc. raised its stake in NET Power by 96.7% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 37,015 shares of the company’s stock valued at $559,000 after acquiring an additional 18,200 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of NET Power by 37.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 158,889 shares of the company’s stock worth $2,399,000 after buying an additional 43,224 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of NET Power by 10.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 43,931 shares of the company’s stock worth $663,000 after buying an additional 4,232 shares in the last quarter. 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.
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