8 Rivers Capital, Llc Sells 120,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 120,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $1.54, for a total transaction of $184,800.00. Following the completion of the transaction, the insider owned 2,380,000 shares of the company’s stock, valued at approximately $3,665,200. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 value 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 value of $211,400.00.
• 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 stock was 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 stock was sold at an average price of $1.47, for a total value 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 value of $85,050.00.
• On Tuesday, May 12th, 8 Rivers Capital, Llc sold 400,000 shares of NET Power stock. The shares were sold at an average price of $2.44, for a total value of $976,000.00.

NET Power Stock Performance

Shares of NPWR opened at $1.52 on Friday. NET Power Inc. has a 1 year low of $1.35 and a 1 year high of $5.20. The stock has a market capitalization of $342.24 million, a PE ratio of -0.26 and a beta of 1.07. The stock has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $1.83.

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

Institutional Investors Weigh In On NET Power

Several hedge funds and other institutional investors have recently made changes to their positions in NPWR. Schonfeld Strategic Advisors LLC purchased a new stake in NET Power during the fourth quarter worth approximately $25,000. Invesco Ltd. acquired a new position in NET Power in the second quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in NET Power in the first quarter valued at approximately $30,000. Sei Investments Co. acquired a new stake in NET Power during the second quarter worth approximately $32,000. Finally, Quantbot Technologies LP acquired a new stake in NET Power during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NPWR. Weiss Ratings downgraded shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. Wall Street Zen cut shares of NET Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.