NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 200,000 Shares of Stock

NET Power Inc. (NYSE:NPWRGet Free Report) major shareholder 8 Rivers Capital, Llc sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $1.62, for a total value of $324,000.00. Following the completion of the transaction, the insider owned 1,750,000 shares in the company, valued at $2,835,000. This trade represents a 10.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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, 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 Wednesday, August 12th, 8 Rivers Capital, Llc sold 50,000 shares of NET Power stock. The stock was 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 shares were 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 shares were 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.
  • On Wednesday, August 5th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total value 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 shares were sold at an average price of $1.43, for a total transaction 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 transaction of $63,450.00.

NET Power Price Performance

Shares of NPWR stock traded up $0.33 during mid-day trading on Friday, hitting $1.95. The stock had a trading volume of 4,030,101 shares, compared to its average volume of 800,524. The firm has a market cap of $436.50 million, a PE ratio of -0.33 and a beta of 1.07. The company’s 50-day simple moving average is $1.60 and its 200-day simple moving average is $1.80. NET Power Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $5.20.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on NPWR. Wall Street Zen downgraded NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded shares of NET Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NET Power has an average rating of “Hold” and a consensus target price of $3.50.

View Our Latest Report on NPWR

Hedge Funds Weigh In On NET Power

Several hedge funds have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC acquired a new position in NET Power during the fourth quarter worth $25,000. Invesco Ltd. acquired a new stake in NET Power in the second quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in NET Power in the first quarter valued at $30,000. Sei Investments Co. purchased a new position in shares of NET Power in the second quarter valued at $32,000. Finally, Quantbot Technologies LP purchased a new position in shares of NET Power in the third quarter valued at $39,000. 53.62% of the stock is owned by hedge funds and other institutional investors.

NET Power Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for NET Power (NYSE:NPWR)

Receive News & Ratings for NET Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NET Power and related companies with MarketBeat.com's FREE daily email newsletter.