8 Rivers Capital, Llc Sells 230,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 230,000 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $2.63, for a total value of $604,900.00. Following the completion of the sale, the insider owned 1,550,000 shares in the company, valued at approximately $4,076,500. This represents a 12.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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 Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The stock was sold at an average price of $2.74, for a total transaction of $369,900.00.
• On Wednesday, December 24th, 8 Rivers Capital, Llc sold 170,000 shares of NET Power stock. The shares were sold at an average price of $2.21, for a total transaction of $375,700.00.
• On Tuesday, December 23rd, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The shares were sold at an average price of $2.17, for a total transaction of $282,100.00.
• On Monday, December 22nd, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.26, for a total transaction of $226,000.00.
• On Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.34, for a total transaction of $234,000.00.
• On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.82, for a total transaction of $112,800.00.
• On Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $2.81, for a total value of $393,400.00.
• On Friday, December 5th, 8 Rivers Capital, Llc sold 105,000 shares of NET Power stock. The shares were sold at an average price of $2.91, for a total value of $305,550.00.
• On Thursday, December 4th, 8 Rivers Capital, Llc sold 65,000 shares of NET Power stock. The shares were sold at an average price of $2.94, for a total value of $191,100.00.
• On Friday, November 28th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The stock was sold at an average price of $2.94, for a total value of $588,000.00.

NET Power Trading Up 4.4%

Shares of NPWR stock opened at $2.62 on Friday. NET Power Inc. has a twelve month low of $1.48 and a twelve month high of $10.20. The stock has a market cap of $582.01 million, a P/E ratio of -0.34 and a beta of 0.81. The stock has a 50 day moving average of $2.64 and a 200 day moving average of $2.88.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Thursday, November 13th. The company reported $5.84 EPS for the quarter, topping the consensus estimate of ($0.16) by $6.00. On average, research analysts predict that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Argentarii LLC boosted its stake in NET Power by 413.0% during the 4th quarter. Argentarii LLC now owns 263,507 shares of the company’s stock worth $601,000 after purchasing an additional 212,142 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in NET Power during the fourth quarter worth about $41,000. JPMorgan Chase & Co. boosted its position in NET Power by 1,226.9% during the third quarter. JPMorgan Chase & Co. now owns 212,929 shares of the company’s stock worth $641,000 after acquiring an additional 196,882 shares during the last quarter. Worth Venture Partners LLC purchased a new stake in NET Power during the 3rd quarter valued at about $209,000. Finally, Sig Brokerage LP raised its holdings in NET Power by 50.3% in the 3rd quarter. Sig Brokerage LP now owns 24,298 shares of the company’s stock valued at $73,000 after acquiring an additional 8,130 shares during the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup decreased their price objective on shares of NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Barclays upgraded NET Power from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NET Power in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NET Power has an average rating of “Hold” and an average target price of $3.50.

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.