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 firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $2.34, for a total value of $234,000.00. Following the transaction, the insider directly owned 2,450,000 shares of the company’s stock, valued at $5,733,000. The trade was a 3.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 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, December 23rd, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The shares were sold at an average price of $2.17, for a total value of $282,100.00.
• On Monday, December 22nd, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.26, for a total value of $226,000.00.
• On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were 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 stock was sold at an average price of $2.81, for a total transaction of $393,400.00.
• On Friday, December 5th, 8 Rivers Capital, Llc sold 105,000 shares of NET Power stock. The stock was 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 transaction 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 shares were 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 stock was sold at an average price of $2.57, for a total value of $642,500.00.

NET Power Stock Up 2.3%

NPWR stock opened at $2.22 on Thursday. The stock has a market capitalization of $493.16 million, a price-to-earnings ratio of -0.29 and a beta of 0.80. NET Power Inc. has a 52-week low of $1.48 and a 52-week high of $11.83. The stock’s fifty day simple moving average is $3.02 and its 200-day simple moving average is $2.86.

NET Power (NYSE:NPWR) last released its earnings results on Thursday, November 13th. The company reported $5.84 EPS for the quarter, beating the consensus estimate of ($0.16) by $6.00. As a group, analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. grew its stake in NET Power by 481.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company’s stock valued at $6,417,000 after purchasing an additional 2,020,000 shares in the last quarter. CenterBook Partners LP grew its position in shares of NET Power by 78.8% during the third quarter. CenterBook Partners LP now owns 1,248,348 shares of the company’s stock worth $3,758,000 after buying an additional 550,270 shares in the last quarter. Caption Management LLC increased its stake in shares of NET Power by 619.8% in the second quarter. Caption Management LLC now owns 401,899 shares of the company’s stock worth $993,000 after buying an additional 346,068 shares during the last quarter. UBS Group AG raised its holdings in NET Power by 183.1% in the third quarter. UBS Group AG now owns 430,452 shares of the company’s stock valued at $1,296,000 after acquiring an additional 278,400 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in NET Power by 36.7% in the third quarter. Two Sigma Investments LP now owns 821,793 shares of the company’s stock valued at $2,474,000 after acquiring an additional 220,831 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NPWR. Citigroup dropped their price target 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 upped their price objective for the stock from $2.00 to $3.00 in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NET Power in a report 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.