NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $2.04, for a total transaction of $204,000.00. Following the sale, the insider directly owned 400,000 shares in the company, valued at $816,000. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
8 Rivers Capital, Llc also recently made the following trade(s):
- On Monday, March 2nd, 8 Rivers Capital, Llc sold 79,858 shares of NET Power stock. The stock was sold at an average price of $2.05, for a total transaction of $163,708.90.
- 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 transaction of $9,488.00.
- On Thursday, February 26th, 8 Rivers Capital, Llc sold 1,881 shares of NET Power stock. The shares were 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 stock was 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 stock was 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 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 value 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 value 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.
NET Power Price Performance
NYSE:NPWR opened at $1.96 on Friday. NET Power Inc. has a 12-month low of $1.48 and a 12-month high of $6.99. The firm has a market capitalization of $435.39 million, a P/E ratio of -0.26 and a beta of 0.84. The business has a 50 day simple moving average of $2.29 and a 200 day simple moving average of $2.71.
Analysts Set New Price Targets
Read Our Latest Research Report on NPWR
Institutional Trading of NET Power
A number of institutional investors have recently made changes to their positions in NPWR. CenterBook Partners LP boosted its holdings in shares of NET Power by 48.0% in the fourth quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock valued at $4,214,000 after acquiring an additional 599,725 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in NET Power by 16.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company’s stock worth $7,015,000 after purchasing an additional 400,000 shares in the last quarter. Caption Management LLC lifted its position in NET Power by 619.8% in the second quarter. Caption Management LLC now owns 401,899 shares of the company’s stock worth $993,000 after purchasing an additional 346,068 shares during the period. UBS Group AG lifted its position in NET Power by 183.1% in the third quarter. UBS Group AG now owns 430,452 shares of the company’s stock worth $1,296,000 after purchasing an additional 278,400 shares during the period. Finally, Empowered Funds LLC boosted its stake in NET Power by 99.3% during the 4th quarter. Empowered Funds LLC now owns 444,734 shares of the company’s stock valued at $1,014,000 after purchasing an additional 221,530 shares in the last quarter. 53.62% of the stock is owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than NET Power
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- Trump Planning to Use Public Law 63-43: Prepare Now
- How JPMorgan’s $8,000 Gold Call Will Leave Most Retirement Accounts Behind
- Silver Is the New Oil—And the World’s Running Dry
- Nvidia CEO Issues Bold Tesla Call
Receive News & Ratings for NET Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NET Power and related companies with MarketBeat.com's FREE daily email newsletter.
