NET Power (NYSE:NPWR) Major Shareholder Sells $204,000.00 in Stock

NET Power Inc. (NYSE:NPWRGet Free Report) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $2.04, for a total value of $204,000.00. Following the sale, the insider owned 400,000 shares of the company’s stock, valued at $816,000. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% 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 Monday, March 2nd, 8 Rivers Capital, Llc sold 79,858 shares of NET Power stock. The stock was sold at an average price of $2.05, for a total transaction of $163,708.90.
  • On Friday, February 27th, 8 Rivers Capital, Llc sold 4,744 shares of NET Power stock. The shares were 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 transaction of $267,500.00.
  • On Wednesday, February 18th, 8 Rivers Capital, Llc sold 75,000 shares of NET Power stock. The stock was sold at an average price of $2.07, for a total transaction 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 shares were 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 stock was 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 stock was sold at an average price of $2.08, for a total value of $83,200.00.

NET Power Stock Performance

Shares of NPWR stock traded up $0.01 on Thursday, hitting $2.03. 1,034,553 shares of the stock traded hands, compared to its average volume of 835,183. NET Power Inc. has a twelve month low of $1.48 and a twelve month high of $6.99. The stock has a market capitalization of $450.95 million, a PE ratio of -0.27 and a beta of 0.84. The firm’s 50-day moving average price is $2.30 and its two-hundred day moving average price is $2.71.

Wall Street Analysts Forecast Growth

NPWR has been the subject of several analyst reports. Barclays upgraded NET Power from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. Citigroup cut their price objective on NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a research report on Thursday, January 22nd. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.50.

View Our Latest Stock Report on NPWR

Institutional Investors Weigh In On NET Power

Several institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings 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. Tudor Investment Corp ET AL acquired a new stake in shares of NET Power during the fourth quarter worth about $194,000. Polymer Capital Management US LLC purchased a new position in shares of NET Power in the fourth quarter valued at approximately $96,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of NET Power in the fourth quarter valued at approximately $25,000. Finally, AQR Capital Management LLC increased its stake in NET Power by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 56,598 shares of the company’s stock worth $129,000 after buying an additional 19,149 shares during the period. Hedge funds and other institutional investors own 53.62% of the company’s stock.

About NET Power

(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.

See Also

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

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