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

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $2.14, for a total value of $214,000.00. Following the transaction, the insider owned 850,000 shares of the company’s stock, valued at approximately $1,819,000. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 value of $155,250.00.
• On Thursday, February 12th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The stock was sold at an average price of $2.03, for a total transaction of $304,500.00.
• On Wednesday, February 11th, 8 Rivers Capital, Llc sold 60,000 shares of NET Power stock. The shares were sold at an average price of $2.02, for a total transaction of $121,200.00.
• On Tuesday, February 10th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.08, for a total transaction of $83,200.00.
• On Thursday, January 29th, 8 Rivers Capital, Llc sold 54,780 shares of NET Power stock. The stock was sold at an average price of $2.35, for a total transaction of $128,733.00.
• On Wednesday, January 28th, 8 Rivers Capital, Llc sold 65,220 shares of NET Power stock. The shares were sold at an average price of $2.38, for a total transaction of $155,223.60.
• On Tuesday, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.38, for a total value of $238,000.00.
• On Monday, January 26th, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The stock was sold at an average price of $2.35, for a total value of $305,500.00.
• On Friday, January 16th, 8 Rivers Capital, Llc sold 230,000 shares of NET Power stock. The shares were sold at an average price of $2.63, for a total value of $604,900.00.
• On Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The shares were sold at an average price of $2.74, for a total transaction of $369,900.00.

NET Power Stock Down 2.1%

Shares of NET Power stock opened at $2.08 on Thursday. NET Power Inc. has a 12-month low of $1.48 and a 12-month high of $8.27. The firm has a market cap of $460.94 million, a PE ratio of -0.27 and a beta of 0.82. The company’s fifty day simple moving average is $2.38 and its two-hundred day simple moving average is $2.76.

Wall Street Analyst Weigh In

NPWR has been the topic of several research reports. Barclays upgraded NET Power from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $2.00 to $3.00 in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of NET Power in a report on Thursday, January 22nd. Finally, Citigroup decreased their price target on shares of NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.50.

Institutional Trading of NET Power

Several institutional investors have recently added to or reduced their stakes in NPWR. CenterBook Partners LP raised its stake in shares of NET Power by 48.0% in the fourth quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock worth $4,214,000 after purchasing an additional 599,725 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in NET Power by 16.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company’s stock worth $7,015,000 after buying an additional 400,000 shares in the last quarter. Caption Management LLC raised its position in NET Power by 619.8% in the 2nd quarter. Caption Management LLC now owns 401,899 shares of the company’s stock worth $993,000 after buying an additional 346,068 shares during the last quarter. UBS Group AG lifted its stake in NET Power by 183.1% during the 3rd quarter. UBS Group AG now owns 430,452 shares of the company’s stock valued at $1,296,000 after acquiring an additional 278,400 shares during the period. Finally, Empowered Funds LLC lifted its stake in NET Power by 99.3% during the 4th quarter. Empowered Funds LLC now owns 444,734 shares of the company’s stock valued at $1,014,000 after acquiring an additional 221,530 shares during the period. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

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.