Insider Selling: NET Power (NYSE:NPWR) Major Shareholder Sells $304,500.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 150,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $2.03, for a total value of $304,500.00. Following the transaction, the insider owned 950,000 shares in the company, valued at $1,928,500. The trade was a 13.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% 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 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 stock was sold at an average price of $2.08, for a total value of $83,200.00.
• On Thursday, January 29th, 8 Rivers Capital, Llc sold 54,780 shares of NET Power stock. The stock was sold at an average price of $2.35, for a total transaction of $128,733.00.
• On Wednesday, January 28th, 8 Rivers Capital, Llc sold 65,220 shares of NET Power stock. The stock was sold at an average price of $2.38, for a total transaction of $155,223.60.
• On Tuesday, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.38, for a total value of $238,000.00.
• On Monday, January 26th, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The shares were sold at an average price of $2.35, for a total value of $305,500.00.
• On Friday, January 16th, 8 Rivers Capital, Llc sold 230,000 shares of NET Power stock. The shares were sold at an average price of $2.63, for a total transaction of $604,900.00.
• On Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The shares were sold at an average price of $2.74, for a total transaction of $369,900.00.
• On Wednesday, December 24th, 8 Rivers Capital, Llc sold 170,000 shares of NET Power stock. The stock was sold at an average price of $2.21, for a total transaction of $375,700.00.
• On Tuesday, December 23rd, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The stock was sold at an average price of $2.17, for a total transaction of $282,100.00.

NET Power Stock Up 3.6%

NYSE NPWR opened at $2.14 on Friday. The company has a market cap of $474.27 million, a price-to-earnings ratio of -0.28 and a beta of 0.82. NET Power Inc. has a twelve month low of $1.48 and a twelve month high of $8.27. The business’s fifty day moving average is $2.42 and its 200 day moving average is $2.78.

NET Power (NYSE:NPWR) last posted its earnings results on Thursday, November 13th. The company reported $5.84 EPS for the quarter, beating the consensus estimate of ($0.16) by $6.00. On average, research analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NET Power

Several large investors have recently modified their holdings of NPWR. Integrity Alliance LLC. acquired a new stake in NET Power during the fourth quarter worth approximately $40,000. Argentarii LLC boosted its holdings in shares of NET Power by 413.0% during the 4th quarter. Argentarii LLC now owns 263,507 shares of the company’s stock worth $601,000 after buying an additional 212,142 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of NET Power during the 4th quarter worth approximately $41,000. JPMorgan Chase & Co. increased its stake in shares of NET Power by 1,226.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 212,929 shares of the company’s stock valued at $641,000 after acquiring an additional 196,882 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of NET Power during the 3rd quarter valued at $39,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NPWR. Barclays upgraded shares of NET Power from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $2.00 to $3.00 in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of NET Power in a report on Thursday, January 22nd. Finally, Citigroup lowered their target price on NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average 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.