NET Power (NYSE:NPWR) Given New $3.00 Price Target at Barclays

NET Power (NYSE:NPWR) had its price objective cut by equities researchers at Barclays from $11.00 to $3.00 in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential downside of 1.70% from the company’s current price.

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

NET Power Trading Down 5.2 %

NPWR stock opened at $3.05 on Wednesday. The company has a fifty day moving average price of $8.04 and a 200 day moving average price of $8.80. NET Power has a 12 month low of $2.28 and a 12 month high of $14.28.

Hedge Funds Weigh In On NET Power

Several institutional investors have recently bought and sold shares of NPWR. Vanguard Group Inc. increased its stake in NET Power by 13.1% in the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock valued at $30,345,000 after buying an additional 332,554 shares during the period. Dimensional Fund Advisors LP increased its stake 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 buying an additional 128,187 shares during the period. Raymond James Financial Inc. acquired a new position in NET Power in the 4th quarter valued at $1,264,000. Geode Capital Management LLC increased its stake in NET Power by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock valued at $4,535,000 after buying an additional 115,189 shares during the period. Finally, Man Group plc acquired a new position in NET Power in the 4th 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.