NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 100,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1.94, for a total transaction of $194,000.00. Following the sale, the insider directly owned 900,000 shares in the company, valued at $1,746,000. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% 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 Wednesday, September 9th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The stock was sold at an average price of $1.84, for a total transaction of $276,000.00.
• On Wednesday, August 26th, 8 Rivers Capital, Llc sold 41,350 shares of NET Power stock. The shares were sold at an average price of $1.91, for a total value of $78,978.50.
• On Tuesday, August 25th, 8 Rivers Capital, Llc sold 201,550 shares of NET Power stock. The shares were 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 stock was sold at an average price of $1.95, for a total value 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 value of $324,000.00.
• On Wednesday, August 12th, 8 Rivers Capital, Llc sold 50,000 shares of NET Power stock. The shares were 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 shares were sold at an average price of $1.60, for a total value 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 value 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 value 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 value of $134,775.05.

NET Power Stock Down 2.4%

Shares of NET Power stock opened at $1.80 on Friday. The stock has a market cap of $405.87 million, a P/E ratio of -0.28 and a beta of 1.10. NET Power Inc. has a 12-month low of $1.35 and a 12-month high of $5.20. The business’s 50 day moving average is $1.65 and its 200-day moving average is $1.75.

NET Power (NYSE:NPWR) last released its earnings results on Thursday, August 13th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.84).

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

NPWR has been the topic of a number of research analyst reports. Wall Street Zen cut shares of NET Power from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Weiss Ratings upgraded NET Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.