8 Rivers Capital, Llc Sells 201,550 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 201,550 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $1.91, for a total value of $384,960.50. Following the completion of the sale, the insider owned 1,041,350 shares in the company, valued at $1,988,978.50. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, August 26th, 8 Rivers Capital, Llc sold 41,350 shares of NET Power stock. The shares were sold at an average price of $1.91, for a total value of $78,978.50.
• 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 value 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 value 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 value of $81,500.00.
• 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 transaction of $56,000.00.
• On Monday, August 10th, 8 Rivers Capital, Llc sold 55,400 shares of NET Power stock. The shares were 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 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.

NET Power Stock Down 2.6%

NPWR opened at $1.84 on Friday. NET Power Inc. has a twelve month low of $1.35 and a twelve month high of $5.20. The company has a fifty day moving average of $1.62 and a 200-day moving average of $1.77. The stock has a market cap of $413.74 million, a PE ratio of -0.29 and a beta of 1.07.

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

Institutional Investors Weigh In On NET Power

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in NET Power by 21.4% in the 2nd quarter. Geode Capital Management LLC now owns 841,060 shares of the company’s stock valued at $2,078,000 after acquiring an additional 148,307 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in NET Power by 48.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock worth $40,000 after purchasing an additional 5,255 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of NET Power in the second quarter worth approximately $25,000. Federated Hermes Inc. purchased a new stake in shares of NET Power in the second quarter worth approximately $151,000. Finally, Sei Investments Co. purchased a new stake in shares of NET Power in the second quarter worth approximately $32,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NPWR shares. Wall Street Zen cut NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings cut NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.50.

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.