8 Rivers Capital, Llc Sells 8,477 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 8,477 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $4.00, for a total transaction of $33,908.00. Following the transaction, the insider owned 1,838,653 shares in the company, valued at approximately $7,354,612. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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 Friday, October 31st, 8 Rivers Capital, Llc sold 18,116 shares of NET Power stock. The stock was sold at an average price of $4.05, for a total value of $73,369.80.
• On Tuesday, October 28th, 8 Rivers Capital, Llc sold 7,585 shares of NET Power stock. The shares were sold at an average price of $3.77, for a total value of $28,595.45.
• On Thursday, October 30th, 8 Rivers Capital, Llc sold 107,754 shares of NET Power stock. The stock was sold at an average price of $4.04, for a total value of $435,326.16.
• On Wednesday, October 29th, 8 Rivers Capital, Llc sold 786,832 shares of NET Power stock. The stock was sold at an average price of $4.12, for a total value of $3,241,747.84.
• On Monday, October 27th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $3.77, for a total value of $754,000.00.
• On Friday, October 24th, 8 Rivers Capital, Llc sold 32,583 shares of NET Power stock. The stock was sold at an average price of $3.70, for a total value of $120,557.10.
• On Thursday, October 23rd, 8 Rivers Capital, Llc sold 284,100 shares of NET Power stock. The shares were sold at an average price of $3.69, for a total transaction of $1,048,329.00.
• On Wednesday, October 22nd, 8 Rivers Capital, Llc sold 89,000 shares of NET Power stock. The shares were sold at an average price of $3.31, for a total transaction of $294,590.00.
• On Tuesday, October 21st, 8 Rivers Capital, Llc sold 189,300 shares of NET Power stock. The stock was sold at an average price of $3.53, for a total transaction of $668,229.00.
• On Monday, October 20th, 8 Rivers Capital, Llc sold 201,000 shares of NET Power stock. The shares were sold at an average price of $3.58, for a total transaction of $719,580.00.

NET Power Trading Up 0.8%

NPWR stock opened at $3.59 on Thursday. The firm has a market cap of $787.00 million, a PE ratio of -1.52 and a beta of 0.78. NET Power Inc. has a 1 year low of $1.48 and a 1 year high of $14.28. The company has a fifty day simple moving average of $3.16 and a 200 day simple moving average of $2.65.

NET Power (NYSE:NPWR) last posted its earnings results on Monday, August 11th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.24). As a group, analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On NET Power

Institutional investors have recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. boosted its stake in NET Power by 481.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company’s stock valued at $6,417,000 after purchasing an additional 2,020,000 shares during the period. CenterBook Partners LP lifted its holdings in shares of NET Power by 1,655.5% during the first quarter. CenterBook Partners LP now owns 1,744,770 shares of the company’s stock worth $4,589,000 after buying an additional 1,645,380 shares during the last quarter. Caption Management LLC boosted its position in shares of NET Power by 619.8% in the second quarter. Caption Management LLC now owns 401,899 shares of the company’s stock valued at $993,000 after acquiring an additional 346,068 shares during the period. HITE Hedge Asset Management LLC boosted its position in shares of NET Power by 80.6% in the first quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company’s stock valued at $1,955,000 after acquiring an additional 331,726 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of NET Power by 21.4% in the second quarter. Geode Capital Management LLC now owns 841,060 shares of the company’s stock worth $2,078,000 after acquiring an additional 148,307 shares during the last quarter. 53.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $4.00.

NET Power Company Profile

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.