NET Power (NYSE:NPWR) Sees Unusually-High Trading Volume

Posted by George Bondi on Apr 19th, 2024

NET Power Inc. (NYSE:NPWR – Get Free Report) shares saw an uptick in trading volume on Wednesday . 657,080 shares were traded 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 Ratings Changes

Separately, Barclays began coverage on NET Power in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $13.00 price target on the stock.

Read Our Latest Stock Analysis on NET Power

NET Power Stock Performance

The company has a 50 day moving average of $9.49 and a 200 day moving average of $10.53.

Institutional Trading of NET Power

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new stake in NET Power during the 3rd quarter worth $21,680,000. Bank of New York Mellon Corp acquired a new stake in NET Power during the 3rd quarter worth $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 worth $559,000 after buying an additional 18,200 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in NET Power by 37.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 158,889 shares of the company’s stock worth $2,399,000 after purchasing an additional 43,224 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in NET Power by 10.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 43,931 shares of the company’s stock worth $663,000 after purchasing an additional 4,232 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.

NET Power Company Profile

(Get Free Report)

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.