NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 150,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 150,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $2.03, for a total value of $304,500.00. Following the sale, the insider directly owned 950,000 shares of the company’s stock, valued at approximately $1,928,500. This represents a 13.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major 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 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 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 transaction 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 transaction 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 shares were 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 stock was sold at an average price of $2.35, for a total value of $305,500.00.
• On Friday, January 16th, 8 Rivers Capital, Llc sold 230,000 shares of NET Power stock. The stock was 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 value of $369,900.00.
• On Wednesday, December 24th, 8 Rivers Capital, Llc sold 170,000 shares of NET Power stock. The shares were sold at an average price of $2.21, for a total value of $375,700.00.
• On Tuesday, December 23rd, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The stock was sold at an average price of $2.17, for a total transaction of $282,100.00.

NET Power Stock Up 2.5%

NYSE:NPWR opened at $2.05 on Friday. The firm’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $2.79. The stock has a market cap of $455.39 million, a PE ratio of -0.27 and a beta of 0.82. NET Power Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $8.27.

NET Power (NYSE:NPWR) last released its quarterly earnings results on Thursday, November 13th. The company reported $5.84 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $6.00. Equities analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on NPWR. Barclays raised 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. Citigroup cut 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. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NET Power in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NET Power has an average rating of “Hold” and an average target price of $3.50.

Institutional Investors Weigh In On NET Power

A number of hedge funds and other institutional investors have recently made changes to their positions in NPWR. Janney Montgomery Scott LLC purchased a new position in NET Power during the second quarter worth about $25,000. Geode Capital Management LLC increased its position in NET Power by 21.4% during the second quarter. Geode Capital Management LLC now owns 841,060 shares of the company’s stock worth $2,078,000 after purchasing an additional 148,307 shares during the last quarter. JPMorgan Chase & Co. raised its stake in NET Power by 48.7% during the second quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock worth $40,000 after purchasing an additional 5,255 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of NET Power in the 2nd quarter valued at $90,000. Finally, Invesco Ltd. acquired a new stake in shares of NET Power during the 2nd quarter worth $25,000. Hedge funds and other institutional investors own 53.62% of the company’s stock.

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.