NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 35,000 Shares of Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 35,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1.60, for a total transaction of $56,000.00. Following the completion of the sale, the insider owned 2,000,000 shares in the company, valued at $3,200,000. This represents a 1.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major 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 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 stock was sold at an average price of $1.53, for a total transaction of $92,327.85.
• On Thursday, August 6th, 8 Rivers Capital, Llc sold 89,255 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total transaction 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 transaction of $211,400.00.
• 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 stock was sold at an average price of $1.47, for a total value 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 value of $85,050.00.

NET Power Price Performance

NYSE:NPWR opened at $1.61 on Wednesday. The firm has a market capitalization of $362.43 million, a price-to-earnings ratio of -0.27 and a beta of 1.07. The business has a 50 day simple moving average of $1.61 and a 200-day simple moving average of $1.81. NET Power Inc. has a 1 year low of $1.35 and a 1 year high of $5.20.

NET Power (NYSE:NPWR) last released its earnings results 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 Trading of NET Power

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. bought a new stake in shares of NET Power during the second quarter worth $25,000. Schonfeld Strategic Advisors LLC bought a new position in NET Power in the 4th quarter worth about $25,000. Sei Investments Co. bought a new position in NET Power in the 2nd quarter worth about $32,000. Quantbot Technologies LP purchased a new position in shares of NET Power during the third quarter worth approximately $39,000. Finally, JPMorgan Chase & Co. increased its position 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 acquiring an additional 5,255 shares during the period. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NPWR shares. Weiss Ratings cut shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of NET Power from a “sell” rating to a “strong sell” rating in a 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 given a Sell rating to the stock. According to data from MarketBeat.com, NET Power presently has an average rating of “Hold” and an average price target of $3.50.

NET Power Company Profile

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.