8 Rivers Capital, Llc Sells 55,400 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 55,400 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $1.55, for a total value of $85,870.00. Following the transaction, the insider owned 2,035,000 shares of the company’s stock, valued at $3,154,250. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• On Tuesday, August 11th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The shares were sold at an average price of $1.60, for a total value of $56,000.00.
• 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 value of $92,327.85.
• On Thursday, August 6th, 8 Rivers Capital, Llc sold 89,255 shares of NET Power stock. The shares were sold at an average price of $1.51, for a total transaction of $134,775.05.
• On Wednesday, August 5th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The shares were sold at an average price of $1.51, for a total transaction of $211,400.00.
• On Tuesday, August 4th, 8 Rivers Capital, Llc sold 120,000 shares of NET Power stock. The stock was sold at an average price of $1.54, for a total transaction of $184,800.00.
• On Thursday, July 30th, 8 Rivers Capital, Llc sold 155,000 shares of NET Power stock. The shares were sold at an average price of $1.43, for a total value of $221,650.00.
• 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 shares were sold at an average price of $1.47, for a total transaction of $82,111.26.
• On Wednesday, May 13th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The shares were sold at an average price of $2.43, for a total transaction of $85,050.00.

NET Power Trading Up 2.9%

Shares of NYSE NPWR traded up $0.04 during trading hours on Tuesday, reaching $1.61. The stock had a trading volume of 410,855 shares, compared to its average volume of 780,263. The business’s fifty day moving average price is $1.62 and its two-hundred day moving average price is $1.82. The firm has a market cap of $362.44 million, a price-to-earnings ratio of -0.27 and a beta of 1.07. NET Power Inc. has a 52-week low of $1.35 and a 52-week high of $5.20.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NPWR shares. Weiss Ratings downgraded NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. 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. One 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.50.

Institutional Trading of NET Power

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of NET Power by 48.7% in the second quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock worth $40,000 after buying an additional 5,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NET Power by 44.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,525 shares of the company’s stock worth $46,000 after buying an additional 5,739 shares during the period. Barclays PLC raised its holdings in shares of NET Power by 14.6% during the fourth quarter. Barclays PLC now owns 54,750 shares of the company’s stock worth $125,000 after purchasing an additional 6,970 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of NET Power by 17.8% in the 2nd quarter. Engineers Gate Manager LP now owns 46,433 shares of the company’s stock valued at $115,000 after buying an additional 7,002 shares during the period. Finally, Sig Brokerage LP boosted its position in NET Power by 50.3% in the 3rd quarter. Sig Brokerage LP now owns 24,298 shares of the company’s stock worth $73,000 after purchasing an additional 8,130 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.

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.