8 Rivers Capital, Llc Sells 140,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 140,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1.51, for a total value of $211,400.00. Following the completion of the transaction, the insider directly owned 2,240,000 shares of the company’s stock, valued at $3,382,400. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, August 6th, 8 Rivers Capital, Llc sold 89,255 shares of NET Power stock. The shares were sold at an average price of $1.51, for a total value of $134,775.05.
• On Tuesday, August 4th, 8 Rivers Capital, Llc sold 120,000 shares of NET Power stock. The stock was sold at an average price of $1.54, for a total value of $184,800.00.
• On Thursday, July 30th, 8 Rivers Capital, Llc sold 155,000 shares of NET Power stock. The stock was sold at an average price of $1.43, for a total value of $221,650.00.
• On Wednesday, July 29th, 8 Rivers Capital, Llc sold 45,000 shares of NET Power stock. The stock was sold at an average price of $1.41, for a total value of $63,450.00.
• On Tuesday, July 28th, 8 Rivers Capital, Llc sold 55,858 shares of NET Power stock. The shares were sold at an average price of $1.47, for a total value of $82,111.26.
• On Wednesday, May 13th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The shares were sold at an average price of $2.43, for a total value of $85,050.00.
• On Tuesday, May 12th, 8 Rivers Capital, Llc sold 400,000 shares of NET Power stock. The stock was sold at an average price of $2.44, for a total transaction of $976,000.00.

NET Power Trading Up 1.7%

NPWR stock opened at $1.52 on Friday. The firm has a 50 day moving average of $1.63 and a 200-day moving average of $1.83. The firm has a market capitalization of $342.24 million, a P/E ratio of -0.26 and a beta of 1.07. NET Power Inc. has a 12 month low of $1.35 and a 12 month high of $5.20.

NET Power (NYSE:NPWR) last posted its earnings results on Monday, May 11th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05).

Institutional Trading of NET Power

A number of hedge funds have recently made changes to their positions in NPWR. CenterBook Partners LP grew its position in NET Power by 48.0% in the fourth quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock worth $4,214,000 after acquiring an additional 599,725 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in NET Power during the fourth quarter valued at about $40,000. JPMorgan Chase & Co. lifted its stake in NET Power by 1,226.9% during the third quarter. JPMorgan Chase & Co. now owns 212,929 shares of the company’s stock worth $641,000 after purchasing an additional 196,882 shares during the last quarter. Bank of America Corp DE lifted its stake in NET Power by 40.1% during the first quarter. Bank of America Corp DE now owns 35,083 shares of the company’s stock worth $55,000 after purchasing an additional 10,034 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of NET Power in the 4th quarter worth about $25,000. 53.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NPWR. Wall Street Zen cut NET Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Weiss Ratings lowered NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.