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

NET Power Inc. (NYSE:NPWR) shares saw strong trading volume on Wednesday . 657,080 shares changed hands 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 Upgrades and Downgrades

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

NET Power Price Performance

The firm has a fifty day moving average of $9.49 and a 200-day moving average of $10.53.

Institutional Trading of NET Power

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in NET Power during the 3rd quarter valued at $21,680,000. Bank of New York Mellon Corp bought a new stake in NET Power during the 3rd quarter valued at $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 valued at $559,000 after acquiring an additional 18,200 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of NET Power by 37.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 158,889 shares of the company’s stock worth $2,399,000 after buying an additional 43,224 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of NET Power by 10.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 43,931 shares of the company’s stock worth $663,000 after buying an additional 4,232 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.