Citi lowered the firm’s price target on Net Power (NPWR) to $4 from $6 and keeps a Buy rating on the shares. The company is slowing investment in its power plant development after taking a write-down, the analyst tells investors in a research note.
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Read More on NPWR:
- Net Power upgraded to Equal Weight from Underweight at Barclays (Friday)
- Net Power Inc. Faces Financial Uncertainty Amid $1 Billion Asset Impairment in Energy Tech Market
- Net Power Inc. Expands Clean Power Strategy
- NET Power Inc. Earnings Call Highlights Strategic Shift
- Net Power upgraded to Equal Weight from Underweight at Barclays
