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

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $2.26, for a total value of $226,000.00. Following the transaction, the insider owned 2,350,000 shares of the company’s stock, valued at $5,311,000. This represents a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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 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 value of $282,100.00.
• On Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.34, for a total transaction of $234,000.00.
• On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The stock was sold at an average price of $2.82, for a total transaction of $112,800.00.
• On Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The shares were sold at an average price of $2.81, for a total value of $393,400.00.
• On Friday, December 5th, 8 Rivers Capital, Llc sold 105,000 shares of NET Power stock. The shares were sold at an average price of $2.91, for a total transaction of $305,550.00.
• On Thursday, December 4th, 8 Rivers Capital, Llc sold 65,000 shares of NET Power stock. The shares were sold at an average price of $2.94, for a total transaction of $191,100.00.
• On Friday, November 28th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $2.94, for a total value of $588,000.00.
• On Friday, November 21st, 8 Rivers Capital, Llc sold 17,163 shares of NET Power stock. The stock was sold at an average price of $2.50, for a total transaction of $42,907.50.
• On Thursday, November 20th, 8 Rivers Capital, Llc sold 132,837 shares of NET Power stock. The stock was sold at an average price of $2.60, for a total value of $345,376.20.
• On Wednesday, November 19th, 8 Rivers Capital, Llc sold 250,000 shares of NET Power stock. The shares were sold at an average price of $2.57, for a total transaction of $642,500.00.

NET Power Trading Down 1.9%

NYSE:NPWR opened at $2.17 on Wednesday. The business’s fifty day moving average price is $3.07 and its 200 day moving average price is $2.86. The firm has a market capitalization of $481.60 million, a price-to-earnings ratio of -0.28 and a beta of 0.80. NET Power Inc. has a 1-year low of $1.48 and a 1-year high of $11.83.

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

Institutional Trading of NET Power

A number of large investors have recently made changes to their positions in the company. Stonegate Investment Group LLC raised its holdings in NET Power by 20.0% during the 3rd quarter. Stonegate Investment Group LLC now owns 30,000 shares of the company’s stock worth $90,000 after buying an additional 5,000 shares during the period. JPMorgan Chase & Co. lifted its position 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 buying an additional 5,255 shares in the last quarter. Deutsche Bank AG raised its holdings in NET Power by 63.0% during the first quarter. Deutsche Bank AG now owns 14,051 shares of the company’s stock worth $37,000 after acquiring an additional 5,429 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NET Power by 44.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,525 shares of the company’s stock worth $46,000 after purchasing an additional 5,739 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in NET Power by 17.8% during the second quarter. Engineers Gate Manager LP now owns 46,433 shares of the company’s stock worth $115,000 after acquiring an additional 7,002 shares in the last quarter. Institutional investors own 53.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NPWR shares. Citigroup decreased their target price on NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Barclays upgraded shares of NET Power from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $2.00 to $3.00 in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NET Power currently has an average rating of “Hold” and a consensus price target of $3.50.

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.