NET Power (NYSE:NPWR) Major Shareholder Sells $211,400.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 140,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.51, for a total value of $211,400.00. Following the transaction, the insider owned 2,240,000 shares of the company’s stock, valued at approximately $3,382,400. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Thursday, August 6th, 8 Rivers Capital, Llc sold 89,255 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total value of $134,775.05.
• 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 value of $184,800.00.
• 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 transaction of $221,650.00.
• On Wednesday, July 29th, 8 Rivers Capital, Llc sold 45,000 shares of NET Power stock. The shares were sold at an average price of $1.41, for a total transaction of $63,450.00.
• 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 transaction of $82,111.26.
• 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 transaction of $976,000.00.

NET Power Trading Down 1.6%

Shares of NET Power stock traded down $0.03 during trading hours on Thursday, reaching $1.50. 458,581 shares of the company’s stock were exchanged, compared to its average volume of 788,476. The company has a 50 day moving average of $1.65 and a two-hundred day moving average of $1.84. NET Power Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $5.20. The stock has a market cap of $335.50 million, a P/E ratio of -0.25 and a beta of 1.07.

NET Power (NYSE:NPWR) last released 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 equities analysts recently weighed in on the stock. Weiss Ratings cut shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note 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 analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NET Power presently has an average rating of “Hold” and a consensus target price of $3.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC acquired a new position in shares of NET Power during the 4th quarter worth approximately $25,000. Invesco Ltd. bought a new position in NET Power during the second quarter worth $25,000. Summit Securities Group LLC bought a new position in NET Power during the first quarter worth $30,000. Sei Investments Co. acquired a new position in shares of NET Power in the second quarter valued at $32,000. Finally, Quantbot Technologies LP acquired a new stake in shares of NET Power during the 3rd quarter worth about $39,000. 53.62% of the stock is currently owned by institutional investors.

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.