NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 125,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 125,000 shares of NET Power stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $2.14, for a total transaction of $267,500.00. Following the sale, the insider directly owned 650,000 shares of the company’s stock, valued at $1,391,000. This represents a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 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 value of $128,939.51.
• 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 stock was 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 stock was 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.
• 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 shares were 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 stock was sold at an average price of $2.38, for a total transaction 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 transaction of $305,500.00.

NET Power Trading Down 5.4%

Shares of NYSE:NPWR traded down $0.11 on Monday, reaching $1.86. 1,915,813 shares of the company traded hands, compared to its average volume of 857,445. The stock has a market capitalization of $412.07 million, a P/E ratio of -0.24 and a beta of 0.82. The business’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.76. NET Power Inc. has a 52 week low of $1.48 and a 52 week high of $7.70.

Institutional Investors Weigh In On NET Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in NET Power in the fourth quarter worth $25,000. Invesco Ltd. purchased a new stake in shares of NET Power in the 2nd quarter worth about $25,000. Sei Investments Co. purchased a new stake in shares of NET Power in the 2nd quarter worth about $32,000. Quantbot Technologies LP bought a new position in shares of NET Power in the 3rd quarter worth about $39,000. Finally, Integrity Alliance LLC. purchased a new position in NET Power during the 4th quarter valued at about $40,000. 53.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NPWR. Citigroup cut their target price 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. Barclays raised shares of NET Power from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $2.00 to $3.00 in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NET Power currently 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.