NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $1.51, for a total value of $211,400.00. Following the completion of the sale, the insider directly owned 2,240,000 shares in the company, valued at approximately $3,382,400. This represents a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 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 shares were sold at an average price of $1.54, for a total transaction 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 transaction 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 transaction 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 value of $976,000.00.
NET Power Price Performance
NPWR stock opened at $1.52 on Friday. NET Power Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $5.20. The stock has a market capitalization of $342.23 million, a price-to-earnings ratio of -0.26 and a beta of 1.07. The business’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $1.83.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on NPWR shares. Wall Street Zen downgraded NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings lowered shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 27th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.50.
Check Out Our Latest Stock Report on NPWR
Hedge Funds Weigh In On NET Power
Large investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in NET Power by 644.0% during the 1st quarter. Renaissance Technologies LLC now owns 703,800 shares of the company’s stock valued at $1,098,000 after purchasing an additional 609,200 shares in the last quarter. CenterBook Partners LP boosted its stake in NET Power by 48.0% during the 4th quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock valued at $4,214,000 after purchasing an additional 599,725 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in NET Power by 16.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company’s stock worth $7,015,000 after buying an additional 400,000 shares in the last quarter. Caption Management LLC lifted its position in shares of NET Power by 619.8% during the second quarter. Caption Management LLC now owns 401,899 shares of the company’s stock valued at $993,000 after purchasing an additional 346,068 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of NET Power by 183.1% in the third quarter. UBS Group AG now owns 430,452 shares of the company’s stock valued at $1,296,000 after acquiring an additional 278,400 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors.
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.
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