NET Power (NYSE:NPWR) Reaches New 1-Year Low – Time to Sell?

NET Power Inc. (NYSE:NPWR) hit a new 52-week low during trading on Monday . The company traded as low as $4.02 and last traded at $3.36, with a volume of 467545 shares traded. The stock had previously closed at $6.93.

NET Power Trading Down 57.3 %

The stock’s fifty day moving average is $8.66 and its 200-day moving average is $8.96.

Hedge Funds Weigh In On NET Power

Large investors have recently added to or reduced their stakes in the stock. Williams Jones Wealth Management LLC. acquired a new position in shares of NET Power during the fourth quarter valued at approximately $159,000. Man Group plc acquired a new stake in NET Power during the fourth quarter worth about $1,066,000. Interval Partners LP purchased a new position in NET Power during the fourth quarter worth about $168,000. Bank of America Corp DE boosted its holdings in NET Power by 42.8% in the 4th quarter. Bank of America Corp DE now owns 23,263 shares of the company’s stock valued at $246,000 after purchasing an additional 6,975 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of NET Power by 11.5% in the 4th quarter. Northern Trust Corp now owns 219,511 shares of the company’s stock valued at $2,325,000 after buying an additional 22,604 shares during the period. 53.62% of the stock is currently 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.