NET Power Inc. (NYSE:NPWR) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of NET Power Inc. (NYSE:NPWR) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,812 shares of the company’s stock after buying an additional 30,960 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NET Power were worth $2,921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NPWR. Dynamic Technology Lab Private Ltd acquired a new stake in shares of NET Power during the third quarter valued at approximately $82,000. MetLife Investment Management LLC lifted its holdings in shares of NET Power by 129.1% in the third quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock valued at $91,000 after purchasing an additional 7,281 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of NET Power in the fourth quarter worth $108,000. Quest Partners LLC purchased a new position in shares of NET Power during the third quarter valued at $153,000. Finally, Handelsbanken Fonder AB acquired a new position in NET Power during the fourth quarter valued at $175,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

NET Power Stock Down 0.5 %

NYSE NPWR opened at $2.73 on Friday. NET Power Inc. has a 1-year low of $2.28 and a 1-year high of $14.28. The firm’s fifty day simple moving average is $6.68 and its 200-day simple moving average is $8.45.

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.