8 Rivers Capital, Llc Sells 400,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWRGet Free Report) major shareholder 8 Rivers Capital, Llc sold 400,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $2.44, for a total value of $976,000.00. Following the completion of the transaction, the insider directly owned 3,000,000 shares of the company’s stock, valued at approximately $7,320,000. This trade represents a 11.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 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, May 13th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The stock was sold at an average price of $2.43, for a total value of $85,050.00.
  • On Tuesday, March 3rd, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.04, for a total value of $204,000.00.
  • On Monday, March 2nd, 8 Rivers Capital, Llc sold 79,858 shares of NET Power stock. The shares were sold at an average price of $2.05, for a total value of $163,708.90.
  • On Friday, February 27th, 8 Rivers Capital, Llc sold 4,744 shares of NET Power stock. The shares were 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 shares were sold at an average price of $2.00, for a total value 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 value of $128,939.51.
  • On Thursday, February 19th, 8 Rivers Capital, Llc sold 125,000 shares of NET Power stock. The shares were sold at an average price of $2.14, for a total value of $267,500.00.
  • On Wednesday, February 18th, 8 Rivers Capital, Llc sold 75,000 shares of NET Power stock. The shares were 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.

NET Power Stock Performance

Shares of NYSE NPWR opened at $2.14 on Friday. The stock has a market cap of $479.14 million, a PE ratio of -0.36 and a beta of 1.03. The business has a fifty day moving average of $1.78 and a two-hundred day moving average of $2.31. NET Power Inc. has a 52-week low of $1.46 and a 52-week high of $5.20.

NET Power (NYSE:NPWRGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05).

Analysts Set New Price Targets

NPWR has been the subject of a number of analyst reports. Weiss Ratings raised NET Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Wall Street Zen lowered NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.50.

Read Our Latest Research Report on NPWR

Institutional Trading of NET Power

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. acquired a new stake in NET Power in the second quarter worth about $25,000. Schonfeld Strategic Advisors LLC acquired a new stake in NET Power in the fourth quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in NET Power in the first quarter worth about $30,000. Sei Investments Co. acquired a new stake in NET Power in the second quarter worth about $32,000. Finally, Quantbot Technologies LP acquired a new stake in NET Power in the third quarter worth about $39,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

About NET Power

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for NET Power (NYSE:NPWR)

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