8 Rivers Capital, Llc Sells 65,220 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 65,220 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $2.38, for a total transaction of $155,223.60. Following the completion of the sale, the insider directly owned 1,254,780 shares of the company’s stock, valued at $2,986,376.40. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.38, for a total transaction of $238,000.00.
• On Monday, January 26th, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The shares were sold at an average price of $2.35, for a total transaction of $305,500.00.
• On Friday, January 16th, 8 Rivers Capital, Llc sold 230,000 shares of NET Power stock. The stock was sold at an average price of $2.63, for a total value of $604,900.00.
• On Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The shares were sold at an average price of $2.74, for a total transaction of $369,900.00.
• On Wednesday, December 24th, 8 Rivers Capital, Llc sold 170,000 shares of NET Power stock. The shares were sold at an average price of $2.21, for a total value of $375,700.00.
• 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 transaction 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 Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.34, for a total value of $234,000.00.
• 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 value 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 transaction of $393,400.00.

NET Power Price Performance

NPWR traded down $0.04 during trading on Wednesday, hitting $2.34. The company’s stock had a trading volume of 685,830 shares, compared to its average volume of 811,157. The stock has a market cap of $518.70 million, a PE ratio of -0.31 and a beta of 0.81. The firm’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.84. NET Power Inc. has a twelve month low of $1.48 and a twelve month high of $8.98.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. 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 raised shares of NET Power from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $2.00 to $3.00 in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NET Power in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.50.

Institutional Investors Weigh In On NET Power

A number of institutional investors have recently made changes to their positions in NPWR. Janney Montgomery Scott LLC bought a new position in shares of NET Power during the 2nd quarter worth approximately $25,000. Invesco Ltd. purchased a new stake in shares of NET Power in the second quarter worth approximately $25,000. Sei Investments Co. purchased a new position in NET Power during the 2nd quarter worth $32,000. Quantbot Technologies LP bought a new stake in NET Power in the 3rd quarter worth about $39,000. Finally, JPMorgan Chase & Co. grew 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 valued at $40,000 after acquiring an additional 5,255 shares in the last quarter. 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.