NET Power (NYSE:NPWR) Hits New 12-Month Low – Here’s What Happened

Shares of NET Power Inc. (NYSE:NPWR) reached a new 52-week low on Monday . The stock traded as low as $6.53 and last traded at $6.58, with a volume of 688931 shares traded. The stock had previously closed at $7.25.

NET Power Price Performance

The company’s 50-day moving average is $9.01 and its two-hundred day moving average is $9.02.

Hedge Funds Weigh In On NET Power

A number of institutional investors have recently made changes to their positions in NPWR. Geode Capital Management LLC lifted its holdings in shares of NET Power by 21.7% during the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock worth $4,535,000 after acquiring an additional 115,189 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in NET Power during the third quarter worth about $394,000. S&CO Inc. boosted its holdings in shares of NET Power by 25.3% in the 3rd quarter. S&CO Inc. now owns 251,905 shares of the company’s stock worth $1,765,000 after purchasing an additional 50,805 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of NET Power during the 4th quarter valued at about $108,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of NET Power by 24.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 244,852 shares of the company’s stock valued at $1,716,000 after buying an additional 48,165 shares in the last quarter. Institutional investors own 53.62% of the company’s stock.

NET Power Company Profile

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.