Net Power price target raised to $11 from $9 at Citi

Citi analyst Ryan Levine raised the firm’s price target on Net Power to $11 from $9 and keeps a Neutral rating on the shares. The analyst says the shares have the potential to disproportionately benefit from new base load datacenter load if Net Power can de-risk the construction and operations of its gas power plant and load growth acceleration proves durable into the 2030s.