Goldman Sachs Group Inc. Sells 62,667 Shares of NET Power Inc. $NPWR

Goldman Sachs Group Inc. cut its holdings in NET Power Inc. (NYSE:NPWR) by 37.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 106,290 shares of the company’s stock after selling 62,667 shares during the period. Goldman Sachs Group Inc.’s holdings in NET Power were worth $280,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NPWR. Deutsche Bank AG grew its position in NET Power by 63.0% in the first quarter. Deutsche Bank AG now owns 14,051 shares of the company’s stock worth $37,000 after acquiring an additional 5,429 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of NET Power by 42.8% in the fourth quarter. Bank of America Corp DE now owns 23,263 shares of the company’s stock worth $246,000 after acquiring an additional 6,975 shares during the period. Legacy Advisors LLC purchased a new stake in shares of NET Power in the first quarter worth about $43,000. EntryPoint Capital LLC purchased a new position in NET Power in the first quarter worth about $126,000. Finally, Nuveen LLC purchased a new position in shares of NET Power during the first quarter valued at approximately $136,000. 53.62% of the stock is owned by institutional investors.

NET Power Stock Down 0.7%

Shares of NYSE:NPWR opened at $3.03 on Friday. NET Power Inc. has a 52 week low of $1.48 and a 52 week high of $14.28. The firm has a 50 day moving average of $2.57 and a 200 day moving average of $2.43. The company has a market capitalization of $664.25 million, a price-to-earnings ratio of -1.28 and a beta of 0.71.

NET Power (NYSE:NPWR) last posted its earnings results on Monday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.24). On average, sell-side analysts expect that NET Power Inc. will post -0.4 EPS for the current year.

NET Power Profile

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