8 Rivers Capital, Llc Sells 63,517 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 63,517 shares of NET Power stock in a transaction on Friday, February 20th. The shares were sold at an average price of $2.03, for a total value of $128,939.51. Following the completion of the sale, the insider directly owned 586,483 shares of the company’s stock, valued at $1,190,560.49. The trade was a 9.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 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 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 shares were sold at an average price of $2.07, for a total value 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 transaction 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 transaction of $121,200.00.
• On Tuesday, February 10th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.08, for a total value of $83,200.00.
• On Thursday, January 29th, 8 Rivers Capital, Llc sold 54,780 shares of NET Power stock. The stock was sold at an average price of $2.35, for a total transaction of $128,733.00.
• On Wednesday, January 28th, 8 Rivers Capital, Llc sold 65,220 shares of NET Power stock. The shares were 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 value 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.

NET Power Stock Up 5.7%

Shares of NYSE NPWR opened at $1.96 on Wednesday. NET Power Inc. has a 52 week low of $1.48 and a 52 week high of $7.60. The firm has a 50-day moving average price of $2.33 and a 200 day moving average price of $2.74. The stock has a market capitalization of $434.28 million, a price-to-earnings ratio of -0.26 and a beta of 0.82.

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in NET Power by 99.3% during the 4th quarter. Empowered Funds LLC now owns 444,734 shares of the company’s stock worth $1,014,000 after purchasing an additional 221,530 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in NET Power in the 4th quarter valued at about $194,000. Polymer Capital Management US LLC acquired a new stake in shares of NET Power during the 4th quarter worth about $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 raised its position in shares of NET Power by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 56,598 shares of the company’s stock valued at $129,000 after buying an additional 19,149 shares during the last quarter. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NPWR. Weiss Ratings reissued a “sell (d-)” rating on shares of NET Power in a research note on Thursday, January 22nd. Barclays raised NET Power from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $2.00 to $3.00 in a report on Friday, November 14th. Finally, Citigroup lowered their target price on NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NET Power currently has a consensus 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.