8 Rivers Capital, Llc Sells 55,400 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 55,400 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $1.55, for a total value of $85,870.00. Following the completion of the sale, the insider owned 2,035,000 shares in the company, valued at $3,154,250. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 value of $56,000.00.
• 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 value of $92,327.85.
• 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 Wednesday, August 5th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total value of $211,400.00.
• 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 shares were 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 stock was 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.

NET Power Price Performance

NPWR stock opened at $1.62 on Thursday. NET Power Inc. has a 52 week low of $1.35 and a 52 week high of $5.20. The company has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $1.81. The firm has a market capitalization of $363.56 million, a P/E ratio of -0.28 and a beta of 1.07.

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

Institutional Trading of NET Power

Several institutional investors have recently added to or reduced their stakes in the company. CenterBook Partners LP boosted its position in shares of NET Power by 48.0% during the fourth quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock valued at $4,214,000 after buying an additional 599,725 shares during the period. Integrity Alliance LLC. purchased a new stake in shares of NET Power in the fourth quarter worth approximately $40,000. JPMorgan Chase & Co. raised its holdings in shares of NET Power by 1,226.9% in the third quarter. JPMorgan Chase & Co. now owns 212,929 shares of the company’s stock worth $641,000 after buying an additional 196,882 shares during the period. Bank of America Corp DE lifted its stake in shares of NET Power by 40.1% during the 1st quarter. Bank of America Corp DE now owns 35,083 shares of the company’s stock worth $55,000 after acquiring an additional 10,034 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of NET Power during the 4th quarter worth approximately $25,000. Institutional investors own 53.62% of the company’s stock.

Analysts Set New Price Targets

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

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.