NET Power (NYSE:NPWR) Shares Gap Down – Time to Sell?

NET Power Inc. (NYSE:NPWR)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $4.75, but opened at $3.15. NET Power shares last traded at $3.02, with a volume of 1,028,652 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NPWR shares. Barclays reduced their price target 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. Citigroup raised NET Power from a “neutral” rating to a “buy” rating and decreased their price target for the company from $14.00 to $6.00 in a research note on Tuesday.

NET Power Price Performance

The stock’s fifty day simple moving average is $8.20 and its two-hundred day simple moving average is $8.84.

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPWR. Vanguard Group Inc. grew its position 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. Dimensional Fund Advisors LP boosted its stake in shares of NET Power by 930.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company’s stock worth $1,505,000 after acquiring an additional 128,187 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of NET Power in the 4th quarter worth $1,264,000. Geode Capital Management LLC raised its position in shares of NET Power by 21.7% during the third quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock worth $4,535,000 after purchasing an additional 115,189 shares during the period. Finally, Man Group plc purchased a new stake in shares of NET Power during the fourth quarter valued at $1,066,000. 53.62% of the stock is 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.