Truist Financial Corp Invests $130,000 in NET Power Inc. (NYSE:NPWR)

Truist Financial Corp purchased a new stake in shares of NET Power Inc. (NYSE:NPWR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $130,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NPWR. Fifth Third Bancorp purchased a new position in NET Power in the second quarter worth $65,000. Raymond James & Associates purchased a new stake in NET Power during the second quarter worth about $225,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in NET Power in the second quarter worth about $1,504,000.

Insider Transactions at NET Power

In other news, General Counsel James Mahon sold 26,126 shares of NET Power stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $15.12, for a total value of $395,025.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NET Power news, insider Brandon Heffinger sold 27,771 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $15.19, for a total value of $421,841.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel James Mahon sold 26,126 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $15.12, for a total transaction of $395,025.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,447 shares of company stock worth $3,961,906. 20.00% of the stock is owned by company insiders.

NET Power Trading Down 18.5 %

NYSE:NPWR opened at $10.85 on Wednesday. The business has a 50 day moving average of $14.49. NET Power Inc. has a 12 month low of $9.35 and a 12 month high of $17.62.

About NET Power

NET Power Inc operates as a clean energy technology company. It invents, develops, and licenses clean power generation technology. The company was founded in 2010 and is headquartered in Durham, North Carolina.