8 Rivers Capital, Llc Sells 130,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 130,000 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $2.35, for a total transaction of $305,500.00. Following the completion of the transaction, the insider directly owned 1,420,000 shares in the company, valued at approximately $3,337,000. The trade was a 8.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% 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 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 value of $155,223.60.
• On Tuesday, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.38, for a total value of $238,000.00.
• 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 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 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 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 shares were 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.
• 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 transaction of $393,400.00.

NET Power Stock Performance

NYSE:NPWR opened at $2.41 on Friday. The firm has a market cap of $534.25 million, a price-to-earnings ratio of -0.31 and a beta of 0.81. NET Power Inc. has a 52 week low of $1.48 and a 52 week high of $8.98. The firm has a 50-day moving average price of $2.56 and a two-hundred day moving average price of $2.83.

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

Institutional Investors Weigh In On NET Power

Several institutional investors have recently added to or reduced their stakes in NPWR. Adage Capital Partners GP L.L.C. increased its stake in shares of NET Power by 16.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company’s stock worth $7,015,000 after purchasing an additional 400,000 shares in the last quarter. CenterBook Partners LP boosted its holdings in NET Power by 78.8% in the 3rd quarter. CenterBook Partners LP now owns 1,248,348 shares of the company’s stock worth $3,758,000 after buying an additional 550,270 shares during the period. Geode Capital Management LLC grew its stake in NET Power by 21.4% in the 2nd quarter. Geode Capital Management LLC now owns 841,060 shares of the company’s stock valued at $2,078,000 after buying an additional 148,307 shares in the last quarter. Two Sigma Investments LP raised its holdings in NET Power by 36.7% during the 3rd quarter. Two Sigma Investments LP now owns 821,793 shares of the company’s stock valued at $2,474,000 after acquiring an additional 220,831 shares during the period. Finally, UBS Group AG lifted its position in shares of NET Power by 183.1% during the third quarter. UBS Group AG now owns 430,452 shares of the company’s stock worth $1,296,000 after acquiring an additional 278,400 shares in the last quarter. 53.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup lowered their target price on NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Barclays upgraded shares of NET Power from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $2.00 to $3.00 in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NET Power in a research note on Thursday, January 22nd. One 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.