8 Rivers Capital, Llc Sells 100,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $2.14, for a total value of $214,000.00. Following the completion of the transaction, the insider directly owned 850,000 shares of the company’s stock, valued at $1,819,000. This represents a 10.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares 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 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 value of $155,250.00.
• 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 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 shares were 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 stock was sold at an average price of $2.38, for a total transaction 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 stock was sold at an average price of $2.63, for a total transaction of $604,900.00.
• On Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The stock was sold at an average price of $2.74, for a total value of $369,900.00.

NET Power Stock Up 3.6%

Shares of NET Power stock opened at $2.17 on Friday. The business has a 50-day moving average price of $2.37 and a 200 day moving average price of $2.76. NET Power Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $8.24. The firm has a market cap of $480.93 million, a P/E ratio of -0.28 and a beta of 0.82.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NPWR. Citigroup lowered their price objective 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. Barclays upgraded NET Power from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $2.00 to $3.00 in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NET Power in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NET Power has an average rating of “Hold” and a consensus price target of $3.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NPWR. Janney Montgomery Scott LLC bought a new stake in shares of NET Power during the second quarter valued at approximately $25,000. Schonfeld Strategic Advisors LLC bought a new stake in NET Power during the 4th quarter valued at $25,000. Invesco Ltd. acquired a new position in NET Power during the 2nd quarter worth $25,000. Sei Investments Co. bought a new position in shares of NET Power in the second quarter worth $32,000. Finally, Quantbot Technologies LP acquired a new position in shares of NET Power during the third quarter valued at $39,000. 53.62% of the stock is owned by institutional investors and hedge funds.

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.