8 Rivers Capital, Llc Sells 79,858 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 79,858 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $2.05, for a total value of $163,708.90. Following the completion of the sale, the insider owned 500,000 shares of the company’s stock, valued at approximately $1,025,000. The trade was a 13.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Friday, February 27th, 8 Rivers Capital, Llc sold 4,744 shares of NET Power stock. The shares were sold at an average price of $2.00, for a total value of $9,488.00.
• On Thursday, February 26th, 8 Rivers Capital, Llc sold 1,881 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total transaction of $3,762.00.
• On Friday, February 20th, 8 Rivers Capital, Llc sold 63,517 shares of NET Power stock. The shares were sold at an average price of $2.03, for a total transaction of $128,939.51.
• On Thursday, February 19th, 8 Rivers Capital, Llc sold 125,000 shares of NET Power stock. The stock was 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 transaction of $155,250.00.
• On Friday, February 13th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were 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 stock was 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 shares were sold at an average price of $2.02, for a total value 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 value of $128,733.00.

NET Power Trading Down 5.2%

NYSE:NPWR opened at $2.01 on Wednesday. The stock has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.72. The stock has a market capitalization of $446.50 million, a P/E ratio of -0.26 and a beta of 0.84. NET Power Inc. has a 12-month low of $1.48 and a 12-month high of $6.99.

Institutional Investors Weigh In On NET Power

Hedge funds have recently bought and sold shares of the business. CenterBook Partners LP grew its stake in shares of NET Power by 78.8% in the 3rd quarter. CenterBook Partners LP now owns 1,248,348 shares of the company’s stock worth $3,758,000 after buying an additional 550,270 shares in the last quarter. Worth Venture Partners LLC bought a new position in shares of NET Power in the 3rd quarter valued at about $209,000. Goldman Sachs Group Inc. grew its position in NET Power by 9.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 303,662 shares of the company’s stock worth $692,000 after acquiring an additional 25,237 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in NET Power during the fourth quarter worth approximately $194,000. Finally, Janney Montgomery Scott LLC raised its position in NET Power by 1,106.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 120,649 shares of the company’s stock valued at $275,000 after purchasing an additional 110,649 shares during the period. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NPWR. Citigroup dropped their target price 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. Weiss Ratings reissued a “sell (d-)” rating on shares of NET Power in a report on Thursday, January 22nd. Finally, Barclays raised NET Power from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $2.00 to $3.00 in a report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NET Power currently has a consensus 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.