NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 41,350 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 41,350 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1.91, for a total value of $78,978.50. Following the transaction, the insider owned 1,000,000 shares in the company, valued at $1,910,000. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 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 Tuesday, August 25th, 8 Rivers Capital, Llc sold 201,550 shares of NET Power stock. The shares were sold at an average price of $1.91, for a total value of $384,960.50.
• On Friday, August 14th, 8 Rivers Capital, Llc sold 507,100 shares of NET Power stock. The stock was sold at an average price of $1.95, for a total transaction of $988,845.00.
• On Thursday, August 13th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The stock was sold at an average price of $1.62, for a total transaction of $324,000.00.
• On Wednesday, August 12th, 8 Rivers Capital, Llc sold 50,000 shares of NET Power stock. The shares were sold at an average price of $1.63, for a total transaction of $81,500.00.
• On Tuesday, August 11th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The stock was sold at an average price of $1.60, for a total transaction of $56,000.00.
• On Monday, August 10th, 8 Rivers Capital, Llc sold 55,400 shares of NET Power stock. The stock was sold at an average price of $1.55, for a total transaction of $85,870.00.
• On Friday, August 7th, 8 Rivers Capital, Llc sold 60,345 shares of NET Power stock. The stock was sold at an average price of $1.53, for a total transaction of $92,327.85.
• On Thursday, August 6th, 8 Rivers Capital, Llc sold 89,255 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total value of $134,775.05.
• On Wednesday, August 5th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total value of $211,400.00.
• On Tuesday, August 4th, 8 Rivers Capital, Llc sold 120,000 shares of NET Power stock. The shares were sold at an average price of $1.54, for a total value of $184,800.00.

NET Power Trading Up 5.2%

Shares of NET Power stock opened at $1.91 on Friday. The business’s fifty day moving average price is $1.62 and its 200 day moving average price is $1.77. NET Power Inc. has a twelve month low of $1.35 and a twelve month high of $5.20. The stock has a market capitalization of $428.36 million, a P/E ratio of -0.30 and a beta of 1.07.

NET Power (NYSE:NPWR) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.84).

Analyst Upgrades and Downgrades

NPWR has been the subject of several recent research reports. Weiss Ratings lowered shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Wall Street Zen cut shares of NET Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.50.

Hedge Funds Weigh In On NET Power

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in NET Power by 21.4% in the 2nd quarter. Geode Capital Management LLC now owns 841,060 shares of the company’s stock worth $2,078,000 after acquiring an additional 148,307 shares during the period. JPMorgan Chase & Co. raised its stake in shares of NET Power by 48.7% during the second quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock valued at $40,000 after purchasing an additional 5,255 shares during the period. Invesco Ltd. acquired a new position in shares of NET Power during the second quarter worth $25,000. Federated Hermes Inc. acquired a new position in shares of NET Power during the second quarter worth $151,000. Finally, Sei Investments Co. purchased a new position in shares of NET Power in the second quarter valued at $32,000. 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.