Handelsbanken Fonder AB Invests $175,000 in NET Power Inc. (NYSE:NPWR)

Handelsbanken Fonder AB purchased a new stake in NET Power Inc. (NYSE:NPWR) in the fourth quarter, HoldingsChannel reports. The fund purchased 16,500 shares of the company’s stock, valued at approximately $175,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in NET Power during the third quarter valued at approximately $82,000. MetLife Investment Management LLC boosted its holdings in shares of NET Power by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock worth $91,000 after purchasing an additional 7,281 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of NET Power during the 4th quarter valued at approximately $108,000. Quest Partners LLC bought a new stake in NET Power in the third quarter worth $153,000. Finally, Barclays PLC boosted its stake in NET Power by 276.7% during the third quarter. Barclays PLC now owns 27,883 shares of the company’s stock worth $196,000 after buying an additional 20,481 shares during the period. Hedge funds and other institutional investors own 53.62% of the company’s stock.

NET Power Trading Down 9.2 %

NPWR stock opened at $6.58 on Tuesday. NET Power Inc. has a twelve month low of $6.53 and a twelve month high of $14.28. The firm’s fifty day simple moving average is $8.95 and its two-hundred day simple moving average is $9.01.

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.