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

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 400,000 shares of NET Power stock in a transaction that occurred 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 in the company, valued at approximately $7,320,000. This represents a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major 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 shares were sold at an average price of $2.43, for a total transaction 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 transaction of $204,000.00.
• On Monday, March 2nd, 8 Rivers Capital, Llc sold 79,858 shares of NET Power stock. The stock was sold at an average price of $2.05, for a total transaction of $163,708.90.
• On Friday, February 27th, 8 Rivers Capital, Llc sold 4,744 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total transaction 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 transaction of $3,762.00.
• On Friday, February 20th, 8 Rivers Capital, Llc sold 63,517 shares of NET Power stock. The stock was sold at an average price of $2.03, for a total transaction of $128,939.51.
• On Thursday, February 19th, 8 Rivers Capital, Llc sold 125,000 shares of NET Power stock. The stock was sold at an average price of $2.14, for a total transaction 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 transaction 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 transaction of $214,000.00.

NET Power Stock Down 8.1%

NPWR traded down $0.20 during trading on Thursday, reaching $2.22. 836,612 shares of the stock traded hands, compared to its average volume of 806,063. The stock’s 50-day moving average is $1.77 and its 200 day moving average is $2.32. NET Power Inc. has a 12 month low of $1.46 and a 12 month high of $5.20. The stock has a market capitalization of $497.08 million, a PE ratio of -0.38 and a beta of 1.03.

NET Power (NYSE:NPWR) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05).

Institutional Investors Weigh In On NET Power

A number of large investors have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC bought a new stake in NET Power in the fourth quarter valued at $25,000. Invesco Ltd. bought a new position in shares of NET Power during the 2nd quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of NET Power in the 1st quarter valued at about $30,000. Sei Investments Co. acquired a new stake in shares of NET Power in the 2nd quarter valued at about $32,000. Finally, Quantbot Technologies LP bought a new stake in NET Power in the 3rd quarter valued at about $39,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded NET Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.