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

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $2.38, for a total transaction of $238,000.00. Following the transaction, the insider directly owned 1,320,000 shares of the company’s stock, valued at $3,141,600. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, January 28th, 8 Rivers Capital, Llc sold 65,220 shares of NET Power stock. The shares were sold at an average price of $2.38, for a total transaction of $155,223.60.
• 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 stock was sold at an average price of $2.63, for a total value 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 value of $369,900.00.
• On Wednesday, December 24th, 8 Rivers Capital, Llc sold 170,000 shares of NET Power stock. The shares were sold at an average price of $2.21, for a total value 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 value of $282,100.00.
• On Monday, December 22nd, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.26, for a total value of $226,000.00.
• On Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.34, for a total transaction of $234,000.00.
• On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.82, for a total transaction of $112,800.00.
• On Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The shares were sold at an average price of $2.81, for a total transaction of $393,400.00.

NET Power Trading Down 1.5%

NPWR stock opened at $2.34 on Thursday. The firm’s 50-day moving average is $2.56 and its two-hundred day moving average is $2.84. The company has a market capitalization of $518.70 million, a price-to-earnings ratio of -0.31 and a beta of 0.81. NET Power Inc. has a 52 week low of $1.48 and a 52 week high of $8.98.

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

Institutional Trading of NET Power

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in shares of NET Power in the second quarter worth about $25,000. Invesco Ltd. purchased a new stake in shares of NET Power in the 2nd quarter valued at approximately $25,000. Sei Investments Co. acquired a new position in NET Power in the 2nd quarter worth approximately $32,000. Quantbot Technologies LP purchased a new position in NET Power during the 3rd quarter worth approximately $39,000. Finally, JPMorgan Chase & Co. grew its position in NET Power by 48.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock worth $40,000 after purchasing an additional 5,255 shares in the last quarter. 53.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of NET Power from an “underweight” rating to an “equal weight” rating and raised their price objective 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 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 research report on Tuesday, November 18th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NET Power currently has an average rating of “Hold” and an average target price of $3.50.

NET Power Company Profile

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.