NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 45,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 45,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $1.41, for a total value of $63,450.00. Following the completion of the sale, the insider directly owned 2,655,000 shares in the company, valued at $3,743,550. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 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 Thursday, July 30th, 8 Rivers Capital, Llc sold 155,000 shares of NET Power stock. The stock was sold at an average price of $1.43, for a total value of $221,650.00.
• 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 stock was sold at an average price of $2.43, for a total transaction 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 transaction of $976,000.00.

NET Power Trading Up 8.5%

Shares of NYSE NPWR opened at $1.48 on Friday. The company’s 50-day moving average price is $1.69 and its 200 day moving average price is $1.88. NET Power Inc. has a 52 week low of $1.35 and a 52 week high of $5.20. The stock has a market cap of $331.01 million, a price-to-earnings ratio of -0.25 and a beta of 1.06.

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

Analyst Ratings Changes

Several research analysts recently issued reports on NPWR shares. Weiss Ratings downgraded NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. Wall Street Zen cut NET Power from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NET Power presently has an average rating of “Hold” and an average target price of $3.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NPWR. Schonfeld Strategic Advisors LLC purchased a new position in NET Power in the 4th quarter valued at about $25,000. Invesco Ltd. acquired a new stake in shares of NET Power during the 2nd quarter worth about $25,000. Summit Securities Group LLC purchased a new stake in shares of NET Power during the first quarter worth about $30,000. Sei Investments Co. purchased a new stake in shares of NET Power during the second quarter worth about $32,000. Finally, Quantbot Technologies LP acquired a new position in shares of NET Power in the third quarter valued at approximately $39,000. Institutional investors and hedge funds 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.