NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 100,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $2.04, for a total transaction of $204,000.00. Following the completion of the transaction, the insider directly owned 400,000 shares of the company’s stock, valued at approximately $816,000. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• On Monday, March 2nd, 8 Rivers Capital, Llc sold 79,858 shares of NET Power stock. The stock was sold at an average price of $2.05, for a total transaction of $163,708.90.
• On Friday, February 27th, 8 Rivers Capital, Llc sold 4,744 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total value of $9,488.00.
• On Thursday, February 26th, 8 Rivers Capital, Llc sold 1,881 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total transaction of $3,762.00.
• On Friday, February 20th, 8 Rivers Capital, Llc sold 63,517 shares of NET Power stock. The shares were sold at an average price of $2.03, for a total transaction of $128,939.51.
• On Thursday, February 19th, 8 Rivers Capital, Llc sold 125,000 shares of NET Power stock. The stock was sold at an average price of $2.14, for a total transaction of $267,500.00.
• On Wednesday, February 18th, 8 Rivers Capital, Llc sold 75,000 shares of NET Power stock. The stock was sold at an average price of $2.07, for a total value of $155,250.00.
• On Friday, February 13th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.14, for a total value of $214,000.00.
• On Thursday, February 12th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The shares were sold at an average price of $2.03, for a total value of $304,500.00.
• On Wednesday, February 11th, 8 Rivers Capital, Llc sold 60,000 shares of NET Power stock. The shares were sold at an average price of $2.02, for a total value of $121,200.00.
• On Tuesday, February 10th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.08, for a total transaction of $83,200.00.

NET Power Price Performance

Shares of NET Power stock traded down $0.05 during trading hours on Friday, hitting $1.96. 219,093 shares of the company’s stock traded hands, compared to its average volume of 820,889. The stock has a market capitalization of $435.39 million, a price-to-earnings ratio of -0.26 and a beta of 0.84. NET Power Inc. has a 12-month low of $1.48 and a 12-month high of $6.99. The company has a fifty day simple moving average of $2.30 and a 200-day simple moving average of $2.71.

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently made changes to their positions in NPWR. Empowered Funds LLC grew its position in NET Power by 99.3% in the fourth quarter. Empowered Funds LLC now owns 444,734 shares of the company’s stock worth $1,014,000 after acquiring an additional 221,530 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in NET Power in the 4th quarter worth approximately $194,000. Polymer Capital Management US LLC bought a new position in shares of NET Power during the fourth quarter valued at about $96,000. Schonfeld Strategic Advisors LLC purchased a new stake in NET Power in the fourth quarter worth about $25,000. Finally, AQR Capital Management LLC boosted its position in NET Power by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 56,598 shares of the company’s stock valued at $129,000 after acquiring an additional 19,149 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a research note on Thursday, January 22nd. Barclays raised shares of NET Power from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $2.00 to $3.00 in a report on Friday, November 14th. Finally, Citigroup decreased their price target on shares of NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.50.

About NET Power

NET Power, Inc is an energy technology company focused on developing and commercializing power generation plants that burn natural gas and other fuels with near-zero carbon emissions. The company’s core innovation is the proprietary Allam-Fetvedt Cycle, a supercritical carbon dioxide power cycle that captures all carbon dioxide produced during combustion without the need for separate carbon capture systems. By integrating gas combustion, heat exchange and carbon dioxide separation into a single closed-loop process, NET Power aims to deliver baseload power with efficiencies and emissions profiles competitive with conventional and renewable generation sources.

Since demonstrating its first full-scale Allam-Cycle facility in La Porte, Texas, NET Power has moved from pilot operation toward commercial deployment.