8 Rivers Capital, Llc Sells 54,780 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 54,780 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $2.35, for a total value of $128,733.00. Following the completion of the sale, the insider owned 1,200,000 shares of the company’s stock, valued at $2,820,000. The trade was a 4.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 Wednesday, January 28th, 8 Rivers Capital, Llc sold 65,220 shares of NET Power stock. The shares were sold at an average price of $2.38, for a total value of $155,223.60.
• On Tuesday, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.38, for a total value of $238,000.00.
• On Monday, January 26th, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The shares were sold at an average price of $2.35, for a total value of $305,500.00.
• On Friday, January 16th, 8 Rivers Capital, Llc sold 230,000 shares of NET Power stock. The stock was sold at an average price of $2.63, for a total value of $604,900.00.
• On Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The stock was sold at an average price of $2.74, for a total value of $369,900.00.
• On Wednesday, December 24th, 8 Rivers Capital, Llc sold 170,000 shares of NET Power stock. The shares were sold at an average price of $2.21, for a total transaction of $375,700.00.
• On Tuesday, December 23rd, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The shares were sold at an average price of $2.17, for a total transaction of $282,100.00.
• On Monday, December 22nd, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.26, for a total transaction of $226,000.00.
• On Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.34, for a total transaction of $234,000.00.
• On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.82, for a total transaction of $112,800.00.

NET Power Stock Performance

Shares of NYSE NPWR opened at $2.28 on Wednesday. The company has a market cap of $505.37 million, a P/E ratio of -0.30 and a beta of 0.82. NET Power Inc. has a 52-week low of $1.48 and a 52-week high of $8.87. The firm’s fifty day moving average is $2.54 and its two-hundred day moving average is $2.82.

NET Power (NYSE:NPWR) last issued its quarterly earnings data on Thursday, November 13th. The company reported $5.84 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $6.00. As a group, analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NPWR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a report on Thursday, January 22nd. Barclays upgraded shares of NET Power from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. Finally, Citigroup decreased their price target on shares of NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. One equities 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 MarketBeat, NET Power presently has a consensus rating of “Hold” and a consensus price target of $3.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in shares of NET Power in the second quarter valued at $25,000. Invesco Ltd. bought a new position in NET Power during the 2nd quarter valued at about $25,000. Sei Investments Co. bought a new position in NET Power during the 2nd quarter valued at about $32,000. Quantbot Technologies LP purchased a new stake in NET Power in the 3rd quarter worth about $39,000. Finally, JPMorgan Chase & Co. lifted its stake in NET Power by 48.7% in the second quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock worth $40,000 after purchasing an additional 5,255 shares during the last quarter. 53.62% of the stock is owned by hedge funds and other institutional investors.

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.