NET Power (NYSE:NPWR) Major Shareholder Sells $78,978.50 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 41,350 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1.91, for a total value of $78,978.50. Following the sale, the insider owned 1,000,000 shares in the company, valued at approximately $1,910,000. This represents a 3.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• On Tuesday, August 25th, 8 Rivers Capital, Llc sold 201,550 shares of NET Power stock. The stock was sold at an average price of $1.91, for a total value of $384,960.50.
• On Friday, August 14th, 8 Rivers Capital, Llc sold 507,100 shares of NET Power stock. The shares were sold at an average price of $1.95, for a total transaction of $988,845.00.
• On Thursday, August 13th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $1.62, for a total transaction of $324,000.00.
• On Wednesday, August 12th, 8 Rivers Capital, Llc sold 50,000 shares of NET Power stock. The stock was sold at an average price of $1.63, for a total value of $81,500.00.
• On Tuesday, August 11th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The stock was sold at an average price of $1.60, for a total transaction of $56,000.00.
• On Monday, August 10th, 8 Rivers Capital, Llc sold 55,400 shares of NET Power stock. The stock was sold at an average price of $1.55, for a total transaction of $85,870.00.
• On Friday, August 7th, 8 Rivers Capital, Llc sold 60,345 shares of NET Power stock. The shares were sold at an average price of $1.53, for a total value of $92,327.85.
• 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 Wednesday, August 5th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The shares were sold at an average price of $1.51, for a total value of $211,400.00.
• On Tuesday, August 4th, 8 Rivers Capital, Llc sold 120,000 shares of NET Power stock. The stock was sold at an average price of $1.54, for a total value of $184,800.00.

NET Power Price Performance

Shares of NPWR opened at $1.84 on Friday. NET Power Inc. has a 1 year low of $1.35 and a 1 year high of $5.20. The stock has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $1.77. The firm has a market cap of $413.74 million, a P/E ratio of -0.29 and a beta of 1.07.

NET Power (NYSE:NPWR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.84).

Institutional Investors Weigh In On NET Power

A number of institutional investors have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC purchased a new stake in NET Power during the 4th quarter valued at $25,000. Invesco Ltd. purchased a new position in shares of NET Power in the second quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of NET Power during the first quarter valued at $30,000. Sei Investments Co. bought a new position in shares of NET Power during the second quarter valued at $32,000. Finally, Quantbot Technologies LP purchased a new stake in shares of NET Power during the third quarter valued at $39,000. 53.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NPWR has been the topic of a number of research analyst reports. Weiss Ratings downgraded NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Wall Street Zen lowered NET Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock 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.