NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 135,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $2.74, for a total transaction of $369,900.00. Following the sale, the insider owned 1,915,000 shares of the company’s stock, valued at approximately $5,247,100. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 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 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, 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 value 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 value of $282,100.00.
• On Monday, December 22nd, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.26, for a total value of $226,000.00.
• On Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.34, for a total transaction of $234,000.00.
• On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.82, for a total transaction of $112,800.00.
• On Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The shares were sold at an average price of $2.81, for a total value of $393,400.00.
• On Friday, December 5th, 8 Rivers Capital, Llc sold 105,000 shares of NET Power stock. The stock was sold at an average price of $2.91, for a total transaction of $305,550.00.
• On Thursday, December 4th, 8 Rivers Capital, Llc sold 65,000 shares of NET Power stock. The stock was sold at an average price of $2.94, for a total transaction of $191,100.00.
• On Friday, November 28th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $2.94, for a total value of $588,000.00.

NET Power Stock Up 4.4%

Shares of NYSE NPWR traded up $0.11 on Friday, hitting $2.62. The company had a trading volume of 1,635,215 shares, compared to its average volume of 957,197. NET Power Inc. has a 12-month low of $1.48 and a 12-month high of $10.20. The firm has a market capitalization of $582.01 million, a P/E ratio of 0.72 and a beta of 0.81. The business has a 50 day moving average of $2.64 and a two-hundred day moving average of $2.87.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in shares of NET Power during the 2nd quarter valued at $25,000. Invesco Ltd. acquired a new stake in shares of NET Power in the second quarter valued at $25,000. Sei Investments Co. bought a new position in NET Power during the second quarter valued at about $32,000. Quantbot Technologies LP bought a new position in NET Power during the third quarter valued at about $39,000. Finally, JPMorgan Chase & Co. grew its holdings in 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. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Upgrades and Downgrades

NPWR has been the subject of a number of recent analyst reports. Barclays upgraded NET Power from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $2.00 to $3.00 in a research note on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of NET Power in a report on Wednesday, October 8th. Finally, Citigroup reduced their price target on shares of NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. One 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’s stock. According to MarketBeat, the stock presently has a consensus 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.