8 Rivers Capital, Llc Sells 65,220 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 65,220 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $2.38, for a total value of $155,223.60. Following the completion of the transaction, the insider owned 1,254,780 shares in the company, valued at approximately $2,986,376.40. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 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.
• 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 transaction of $604,900.00.
• On Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The stock was 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 shares were 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.
• 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 transaction 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 value of $234,000.00.
• On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The stock was sold at an average price of $2.82, for a total value of $112,800.00.
• On Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $2.81, for a total value of $393,400.00.

NET Power Trading Up 2.8%

NYSE:NPWR opened at $2.41 on Friday. NET Power Inc. has a 1-year low of $1.48 and a 1-year high of $8.98. The firm has a market capitalization of $534.25 million, a price-to-earnings ratio of -0.31 and a beta of 0.81. The business’s 50-day moving average price is $2.56 and its two-hundred day moving average price is $2.83.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NPWR. Citigroup reduced 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. Barclays raised NET Power from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $2.00 to $3.00 in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NET Power in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.50.

Institutional Investors Weigh In On NET Power

Several large investors have recently made changes to their positions in NPWR. Janney Montgomery Scott LLC bought a new stake in NET Power in the 2nd quarter valued at $25,000. Invesco Ltd. acquired a new stake in shares of NET Power in the 2nd quarter valued at about $25,000. Sei Investments Co. bought a new stake in shares of NET Power in the second quarter valued at about $32,000. Quantbot Technologies LP acquired a new position in shares of NET Power during the third quarter worth about $39,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of NET Power by 48.7% during the second quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock worth $40,000 after buying an additional 5,255 shares in the last quarter. Institutional investors own 53.62% of the company’s stock.

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.