Barclays Has Lowered Expectations for NET Power (NYSE:NPWR) Stock Price

NET Power (NYSE:NPWR) had its target price lowered by stock analysts at Barclays from $11.00 to $3.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 1.70% from the stock’s previous close.

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

NET Power Trading Down 5.2 %

NYSE NPWR opened at $3.05 on Wednesday. NET Power has a 52 week low of $2.28 and a 52 week high of $14.28. The firm has a 50 day moving average of $8.04 and a two-hundred day moving average of $8.80.

Institutional Trading of NET Power

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of NET Power by 13.1% during the 4th 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 lifted its position in shares of NET Power by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 658,563 shares of the company’s stock worth $6,976,000 after buying an additional 11,979 shares during the last quarter. Marshall Wace LLP lifted its position 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 buying an additional 38,627 shares during the last quarter. HITE Hedge Asset Management LLC lifted its position 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 worth $4,358,000 after buying an additional 23,888 shares during the last quarter. Finally, State Street Corp lifted its position in shares of NET Power by 11.8% during the 3rd quarter. State Street Corp now owns 369,281 shares of the company’s stock worth $2,589,000 after buying 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.