NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 75,000 Shares of Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $2.07, for a total value of $155,250.00. Following the completion of the sale, the insider directly owned 775,000 shares in the company, valued at approximately $1,604,250. This represents a 8.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• 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 transaction 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 value of $304,500.00.
• On Wednesday, February 11th, 8 Rivers Capital, Llc sold 60,000 shares of NET Power stock. The shares were 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 stock was 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 value of $128,733.00.
• 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 transaction of $155,223.60.
• On Tuesday, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was 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 shares were 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 value 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.

NET Power Stock Performance

Shares of NPWR stock opened at $2.08 on Thursday. The firm has a market cap of $460.94 million, a price-to-earnings ratio of -0.27 and a beta of 0.82. NET Power Inc. has a 52 week low of $1.48 and a 52 week high of $8.27. The firm’s 50-day simple moving average is $2.38 and its two-hundred day simple moving average is $2.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NPWR shares. Citigroup cut their price objective on NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a research note on Thursday, January 22nd. Finally, Barclays raised shares of NET Power from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $2.00 to $3.00 in a research note on Friday, November 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NET Power presently has an average rating of “Hold” and a consensus target price of $3.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of NET Power during the second quarter valued at approximately $25,000. Schonfeld Strategic Advisors LLC bought a new position in NET Power during the 4th quarter valued at approximately $25,000. Invesco Ltd. purchased a new position in NET Power during the second quarter valued at $25,000. Sei Investments Co. bought a new stake in NET Power in the second quarter worth $32,000. Finally, Quantbot Technologies LP purchased a new stake in shares of NET Power in the third quarter worth $39,000. 53.62% of the stock is owned by hedge funds and other institutional investors.

About NET Power

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.