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 dated Tuesday, September 8th. The stock was sold at an average price of $1.94, for a total value of $194,000.00. Following the sale, the insider directly owned 900,000 shares in the company, valued at approximately $1,746,000. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, September 9th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The shares were sold at an average price of $1.84, for a total value of $276,000.00.
• 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 Tuesday, August 25th, 8 Rivers Capital, Llc sold 201,550 shares of NET Power stock. The stock was sold at an average price of $1.91, for a total value of $384,960.50.
• On Friday, August 14th, 8 Rivers Capital, Llc sold 507,100 shares of NET Power stock. The stock was sold at an average price of $1.95, for a total transaction 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 transaction 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 transaction of $81,500.00.
• On Tuesday, August 11th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The shares were 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 shares were 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.

NET Power Trading Down 2.4%

NPWR traded down $0.04 on Thursday, reaching $1.80. The stock had a trading volume of 389,056 shares, compared to its average volume of 816,415. The business’s 50-day moving average price is $1.65 and its two-hundred day moving average price is $1.75. The company has a market cap of $405.87 million, a P/E ratio of -0.28 and a beta of 1.10. NET Power Inc. has a 12-month low of $1.35 and a 12-month high of $5.20.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On NET Power

A number of hedge funds have recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. lifted its position in shares of NET Power by 16.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company’s stock valued at $7,015,000 after acquiring an additional 400,000 shares in the last quarter. CenterBook Partners LP boosted its stake in shares of NET Power by 48.0% in the fourth quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock worth $4,214,000 after acquiring an additional 599,725 shares during the last quarter. Tidal Investments LLC increased its position in shares of NET Power by 190.0% during the second quarter. Tidal Investments LLC now owns 1,546,562 shares of the company’s stock worth $2,583,000 after purchasing an additional 1,013,309 shares in the last quarter. Geode Capital Management LLC raised its stake in NET Power by 21.4% in the 2nd quarter. Geode Capital Management LLC now owns 841,060 shares of the company’s stock valued at $2,078,000 after purchasing an additional 148,307 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in NET Power by 36.7% in the 3rd quarter. Two Sigma Investments LP now owns 821,793 shares of the company’s stock valued at $2,474,000 after purchasing an additional 220,831 shares during the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.

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.