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 on Tuesday, August 25th. The shares were sold at an average price of $1.91, for a total value of $384,960.50. Following the transaction, the insider directly owned 1,041,350 shares in the company, valued at $1,988,978.50. The trade was a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more 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 Wednesday, August 26th, 8 Rivers Capital, Llc sold 41,350 shares of NET Power stock. The stock was 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 shares were 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 shares were 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $1.54, for a total transaction of $184,800.00.

NET Power Trading Up 5.2%

NPWR stock traded up $0.10 during midday trading on Thursday, reaching $1.91. The company had a trading volume of 947,602 shares, compared to its average volume of 825,839. NET Power Inc. has a 1 year low of $1.35 and a 1 year high of $5.20. The company has a market capitalization of $428.36 million, a P/E ratio of -0.30 and a beta of 1.07. The company has a 50 day moving average of $1.62 and a two-hundred day moving average of $1.77.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen downgraded NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings downgraded NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NPWR. SIR Capital Management L.P. acquired a new stake in shares of NET Power in the 2nd quarter valued at $183,000. Bank of New York Mellon Corp acquired a new position in NET Power during the second quarter worth $140,000. Bank of America Corp DE lifted its position in shares of NET Power by 40.1% in the first quarter. Bank of America Corp DE now owns 35,083 shares of the company’s stock worth $55,000 after buying an additional 10,034 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of NET Power by 644.0% in the first quarter. Renaissance Technologies LLC now owns 703,800 shares of the company’s stock worth $1,098,000 after buying an additional 609,200 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of NET Power in the first quarter worth about $30,000. 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.