NET Power (NYSE:NPWR) Shares Down 5.5% – Should You Sell?

NET Power Inc. (NYSE:NPWR)’s share price fell 5.5% during mid-day trading on Tuesday . The stock traded as low as $3.01 and last traded at $3.03. 94,499 shares changed hands during trading, a decline of 84% from the average session volume of 598,621 shares. The stock had previously closed at $3.20.

Wall Street Analyst Weigh In

Several equities analysts have commented on NPWR shares. Barclays decreased their price objective on shares of NET Power from $11.00 to $3.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.

NET Power Stock Performance

The stock has a 50 day moving average price of $7.05 and a two-hundred day moving average price of $8.57.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of NET Power by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock valued at $30,345,000 after acquiring an additional 332,554 shares during the period. Dimensional Fund Advisors LP boosted its holdings in NET Power by 930.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company’s stock valued at $1,505,000 after purchasing an additional 128,187 shares during the period. Raymond James Financial Inc. acquired a new position in shares of NET Power during the 4th quarter worth approximately $1,264,000. Geode Capital Management LLC increased its holdings 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 acquired a new stake in shares of NET Power in the fourth quarter valued at approximately $1,066,000. 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.