Insider Selling: NET Power (NYSE:NPWR) Major Shareholder Sells $82,111.26 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 55,858 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $1.47, for a total transaction of $82,111.26. Following the completion of the transaction, the insider directly owned 2,700,000 shares of the company’s stock, valued at approximately $3,969,000. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 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 transaction of $63,450.00.
• 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 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 value of $976,000.00.

NET Power Stock Down 2.4%

NPWR stock opened at $1.44 on Friday. The firm has a market cap of $322.04 million, a price-to-earnings ratio of -0.24 and a beta of 1.06. NET Power Inc. has a twelve month low of $1.35 and a twelve month high of $5.20. The business’s fifty day simple moving average is $1.68 and its two-hundred day simple moving average is $1.87.

NET Power (NYSE:NPWR) last announced its quarterly earnings data 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).

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On NET Power

Hedge funds and other institutional investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC acquired a new stake in NET Power during the fourth quarter valued at $25,000. Invesco Ltd. acquired a new position in NET Power in the 2nd quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of NET Power in the first quarter valued at about $30,000. Sei Investments Co. purchased a new position in NET Power in the 2nd quarter worth approximately $32,000. Finally, Quantbot Technologies LP acquired a new position in NET Power during the third quarter worth $39,000. 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.