NET Power (NYSE:NPWR) Major Shareholder Sells $163,708.90 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 79,858 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $2.05, for a total transaction of $163,708.90. Following the completion of the transaction, the insider directly owned 500,000 shares of the company’s stock, valued at approximately $1,025,000. This represents a 13.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 Friday, February 27th, 8 Rivers Capital, Llc sold 4,744 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total transaction of $9,488.00.
• On Thursday, February 26th, 8 Rivers Capital, Llc sold 1,881 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total transaction of $3,762.00.
• On Friday, February 20th, 8 Rivers Capital, Llc sold 63,517 shares of NET Power stock. The stock was sold at an average price of $2.03, for a total transaction of $128,939.51.
• On Thursday, February 19th, 8 Rivers Capital, Llc sold 125,000 shares of NET Power stock. The shares were sold at an average price of $2.14, for a total value of $267,500.00.
• 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 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 value of $214,000.00.
• 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 value 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 value 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 value 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 value of $128,733.00.

NET Power Stock Performance

NPWR traded up $0.18 during midday trading on Monday, hitting $2.11. The stock had a trading volume of 886,304 shares, compared to its average volume of 828,860. NET Power Inc. has a 1 year low of $1.48 and a 1 year high of $7.35. The business has a fifty day moving average of $2.31 and a 200 day moving average of $2.73. The company has a market cap of $469.61 million, a P/E ratio of -0.28 and a beta of 0.82.

Analyst Ratings Changes

A number of equities analysts recently commented on NPWR shares. Barclays upgraded shares of NET Power from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. Citigroup decreased their price objective on NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NET Power in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.50.

Institutional Trading of NET Power

Large investors have recently modified their holdings of the business. CenterBook Partners LP raised its position in NET Power by 78.8% during the 3rd quarter. CenterBook Partners LP now owns 1,248,348 shares of the company’s stock valued at $3,758,000 after purchasing an additional 550,270 shares during the last quarter. Bank of America Corp DE increased its stake in shares of NET Power by 555.0% during the third quarter. Bank of America Corp DE now owns 153,294 shares of the company’s stock valued at $461,000 after buying an additional 129,889 shares during the period. Alliancebernstein L.P. increased its stake in shares of NET Power by 11.1% during the third quarter. Alliancebernstein L.P. now owns 101,680 shares of the company’s stock valued at $306,000 after buying an additional 10,200 shares during the period. Brooklyn Investment Group raised its holdings in shares of NET Power by 2,113.1% during the third quarter. Brooklyn Investment Group now owns 27,000 shares of the company’s stock valued at $81,000 after acquiring an additional 25,780 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in NET Power by 36.7% in the third quarter. Two Sigma Investments LP now owns 821,793 shares of the company’s stock worth $2,474,000 after acquiring an additional 220,831 shares during the period. 53.62% of the stock is owned by institutional investors.

About NET Power

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.