8 Rivers Capital, Llc Sells 100,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $2.38, for a total transaction of $238,000.00. Following the completion of the sale, the insider owned 1,320,000 shares in the company, valued at approximately $3,141,600. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 stock was sold at an average price of $2.38, for a total transaction of $155,223.60.
• 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 transaction of $305,500.00.
• On Friday, January 16th, 8 Rivers Capital, Llc sold 230,000 shares of NET Power stock. The shares were sold at an average price of $2.63, for a total transaction 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 transaction 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 value of $375,700.00.
• On Tuesday, December 23rd, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The stock was sold at an average price of $2.17, for a total value of $282,100.00.
• On Monday, December 22nd, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.26, for a total value of $226,000.00.
• On Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.34, for a total value of $234,000.00.
• On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The stock was sold at an average price of $2.82, for a total value of $112,800.00.
• On Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $2.81, for a total value of $393,400.00.

NET Power Trading Up 2.8%

Shares of NET Power stock opened at $2.41 on Friday. NET Power Inc. has a 12 month low of $1.48 and a 12 month high of $8.98. The firm has a market capitalization of $534.25 million, a P/E ratio of -0.31 and a beta of 0.81. The business has a fifty day simple moving average of $2.56 and a two-hundred day simple moving average of $2.83.

NET Power (NYSE:NPWR) last issued its quarterly earnings results on Thursday, November 13th. The company reported $5.84 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $6.00. Analysts predict that NET Power Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NPWR shares. Barclays raised 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. Weiss Ratings reissued a “sell (d-)” rating on shares of NET Power in a research note on Thursday, January 22nd. Finally, Citigroup lowered their price target on NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, November 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.50.

Institutional Investors Weigh In On NET Power

Large investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. bought a new stake in shares of NET Power in the fourth quarter worth approximately $41,000. JPMorgan Chase & Co. boosted its holdings in 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 purchasing an additional 196,882 shares during the last quarter. Quantbot Technologies LP purchased a new stake in NET Power in the third quarter worth approximately $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NET Power by 44.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,525 shares of the company’s stock worth $46,000 after purchasing an additional 5,739 shares during the period. Finally, Sei Investments Co. purchased a new stake in NET Power during the 2nd quarter valued at $32,000. 53.62% of the stock is currently owned by 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.