NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 150,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 150,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $1.84, for a total transaction of $276,000.00. Following the transaction, the insider owned 750,000 shares in the company, valued at $1,380,000. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% 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 Tuesday, September 8th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $1.94, for a total transaction of $194,000.00.
• On Wednesday, August 26th, 8 Rivers Capital, Llc sold 41,350 shares of NET Power stock. The shares were sold at an average price of $1.91, for a total transaction of $78,978.50.
• On Tuesday, August 25th, 8 Rivers Capital, Llc sold 201,550 shares of NET Power stock. The shares were sold at an average price of $1.91, for a total transaction of $384,960.50.
• 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 Thursday, August 13th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The stock was sold at an average price of $1.62, for a total value of $324,000.00.
• On Wednesday, August 12th, 8 Rivers Capital, Llc sold 50,000 shares of NET Power stock. The shares were 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 stock was 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 stock was 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.

NET Power Stock Performance

NET Power stock opened at $1.80 on Friday. The firm has a market capitalization of $405.87 million, a price-to-earnings ratio of -0.28 and a beta of 1.10. NET Power Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $5.20. The stock’s fifty day moving average is $1.65 and its two-hundred day moving average is $1.75.

NET Power (NYSE:NPWR) last released 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).

Wall Street Analysts Forecast Growth

NPWR has been the topic of several recent research reports. Weiss Ratings raised shares of NET Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Wall Street Zen lowered shares of NET Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. One equities research 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’s stock. According to data from MarketBeat, NET Power currently has an average rating of “Hold” and a consensus target price of $3.50.

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently made changes to their positions in NPWR. Invesco Ltd. purchased a new stake in NET Power during the 2nd quarter worth about $25,000. Schonfeld Strategic Advisors LLC purchased a new position in NET Power in the 4th quarter valued at about $25,000. Sei Investments Co. purchased a new position in NET Power in the 2nd quarter valued at about $32,000. Quantbot Technologies LP acquired a new stake in shares of NET Power during the 3rd quarter worth about $39,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of NET Power by 48.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock worth $40,000 after purchasing an additional 5,255 shares during the last quarter. 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.