NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 54,780 Shares of Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 54,780 shares of NET Power stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $2.35, for a total value of $128,733.00. Following the completion of the transaction, the insider owned 1,200,000 shares of the company’s stock, valued at approximately $2,820,000. The trade was a 4.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Wednesday, January 28th, 8 Rivers Capital, Llc sold 65,220 shares of NET Power stock. The stock was sold at an average price of $2.38, for a total value of $155,223.60.
• On Tuesday, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.38, for a total transaction of $238,000.00.
• On Monday, January 26th, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The stock was sold at an average price of $2.35, for a total transaction of $305,500.00.
• On Friday, January 16th, 8 Rivers Capital, Llc sold 230,000 shares of NET Power stock. The shares were sold at an average price of $2.63, for a total transaction of $604,900.00.
• On Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The shares were 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 stock was 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 stock was sold at an average price of $2.17, for a total value of $282,100.00.
• On Monday, December 22nd, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.26, for a total value of $226,000.00.
• On Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.34, for a total value 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 value of $112,800.00.

NET Power Price Performance

NYSE NPWR opened at $2.35 on Tuesday. NET Power Inc. has a one year low of $1.48 and a one year high of $8.87. The firm has a market cap of $520.92 million, a P/E ratio of -0.31 and a beta of 0.82. The stock’s 50-day moving average is $2.55 and its 200-day moving average is $2.82.

NET Power (NYSE:NPWR) last posted its earnings results on Thursday, November 13th. The company reported $5.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $6.00. Equities analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.

Hedge Funds Weigh In On NET Power

Several institutional investors have recently made changes to their positions in NPWR. Janney Montgomery Scott LLC acquired a new stake in shares of NET Power in the 2nd quarter valued at about $25,000. Geode Capital Management LLC boosted its holdings in NET Power by 21.4% in the second quarter. Geode Capital Management LLC now owns 841,060 shares of the company’s stock worth $2,078,000 after acquiring an additional 148,307 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in NET Power by 48.7% in the second quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock worth $40,000 after acquiring an additional 5,255 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in NET Power in the second quarter valued at approximately $90,000. Finally, Invesco Ltd. bought a new stake in shares of NET Power during the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup lowered their target price on NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Barclays upgraded shares of NET Power from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $2.00 to $3.00 in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.