8 Rivers Capital, Llc Sells 155,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 155,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $1.43, for a total value of $221,650.00. Following the completion of the sale, the insider directly owned 2,500,000 shares of the company’s stock, valued at $3,575,000. This represents a 5.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large 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, July 29th, 8 Rivers Capital, Llc sold 45,000 shares of NET Power stock. The shares were sold at an average price of $1.41, for a total value of $63,450.00.
• On Tuesday, July 28th, 8 Rivers Capital, Llc sold 55,858 shares of NET Power stock. The stock was sold at an average price of $1.47, for a total value of $82,111.26.
• On Wednesday, May 13th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The stock was sold at an average price of $2.43, for a total value of $85,050.00.
• On Tuesday, May 12th, 8 Rivers Capital, Llc sold 400,000 shares of NET Power stock. The stock was sold at an average price of $2.44, for a total value of $976,000.00.

NET Power Stock Performance

NET Power stock opened at $1.44 on Friday. NET Power Inc. has a one year low of $1.35 and a one year high of $5.20. The business has a fifty day moving average of $1.68 and a two-hundred day moving average of $1.87. The company has a market cap of $322.04 million, a P/E ratio of -0.24 and a beta of 1.06.

NET Power (NYSE:NPWR) last issued its earnings results on Monday, May 11th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.05).

Analyst Ratings Changes

Several research analysts have weighed in on NPWR shares. Wall Street Zen lowered shares of NET Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Weiss Ratings downgraded shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. One investment 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, NET Power currently has an average rating of “Hold” and a consensus price target of $3.50.

Institutional Trading of NET Power

A number of institutional investors have recently bought and sold shares of NPWR. Renaissance Technologies LLC grew its holdings in NET Power by 644.0% in the first quarter. Renaissance Technologies LLC now owns 703,800 shares of the company’s stock valued at $1,098,000 after purchasing an additional 609,200 shares during the last quarter. CenterBook Partners LP raised its stake in shares of NET Power by 48.0% during the 4th quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock worth $4,214,000 after buying an additional 599,725 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of NET Power by 16.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company’s stock worth $7,015,000 after buying an additional 400,000 shares during the last quarter. Caption Management LLC boosted its position in shares of NET Power by 619.8% in the 2nd quarter. Caption Management LLC now owns 401,899 shares of the company’s stock worth $993,000 after buying an additional 346,068 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of NET Power by 183.1% in the 3rd quarter. UBS Group AG now owns 430,452 shares of the company’s stock worth $1,296,000 after buying an additional 278,400 shares in the last quarter. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

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.