NET Power (NYSE:NPWR) Shares Down 5.2% – Time to Sell?

NET Power Inc. (NYSE:NPWR)’s share price dropped 5.2% during mid-day trading on Tuesday . The stock traded as low as $2.48 and last traded at $2.49. Approximately 772,687 shares traded hands during trading, a decline of 5% from the average daily volume of 809,382 shares. The stock had previously closed at $2.62.

Wall Street Analyst Weigh In

NPWR has been the topic of a number of analyst reports. Barclays downgraded shares of NET Power from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $3.00 to $2.00 in a research report on Wednesday, April 23rd. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and lowered their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th.

NET Power Stock Down 7.4%

The stock has a market capitalization of $531.24 million, a P/E ratio of -1.18 and a beta of 0.64. The company has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $6.00.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Monday, May 12th. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.44). As a group, equities analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NPWR. Deutsche Bank AG increased its position in shares of NET Power by 63.0% during the first quarter. Deutsche Bank AG now owns 14,051 shares of the company’s stock worth $37,000 after acquiring an additional 5,429 shares in the last quarter. Covestor Ltd bought a new position in NET Power during the 4th quarter worth about $43,000. Legacy Advisors LLC acquired a new stake in shares of NET Power in the 1st quarter valued at about $43,000. Janney Montgomery Scott LLC acquired a new stake in shares of NET Power in the 4th quarter valued at about $108,000. Finally, National Bank of Canada FI lifted its holdings in shares of NET Power by 2,727.0% in the fourth quarter. National Bank of Canada FI now owns 11,930 shares of the company’s stock valued at $126,000 after purchasing an additional 11,508 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.