NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder 8 Rivers Capital, Llc sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $2.07, for a total transaction of $155,250.00. Following the transaction, the insider directly owned 775,000 shares in the company, valued at approximately $1,604,250. The trade was a 8.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
8 Rivers Capital, Llc also recently made the following trade(s):
- On Friday, February 13th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.14, for a total transaction of $214,000.00.
- On Thursday, February 12th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The shares were 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 stock was 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 shares were 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 value of $155,223.60.
- On Tuesday, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was 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 shares were 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 stock was sold at an average price of $2.74, for a total value of $369,900.00.
NET Power Trading Up 3.6%
Shares of NYSE:NPWR opened at $2.17 on Friday. The company has a market capitalization of $480.93 million, a price-to-earnings ratio of -0.28 and a beta of 0.82. NET Power Inc. has a 12-month low of $1.48 and a 12-month high of $8.24. The business has a 50-day moving average price of $2.37 and a 200 day moving average price of $2.76.
Hedge Funds Weigh In On NET Power
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NET Power in a report on Thursday, January 22nd. Citigroup cut their target price on NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Finally, Barclays upgraded NET Power from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. One investment 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. According to MarketBeat.com, NET Power currently has a consensus rating of “Hold” and a consensus price target of $3.50.
Check Out Our Latest Research Report on NET Power
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.
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