Insider Selling: NET Power (NYSE:NPWR) Major Shareholder Sells $267,500.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 125,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $2.14, for a total value of $267,500.00. Following the transaction, the insider directly owned 650,000 shares in the company, valued at approximately $1,391,000. The trade was a 16.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major 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 Friday, February 20th, 8 Rivers Capital, Llc sold 63,517 shares of NET Power stock. The stock was sold at an average price of $2.03, for a total value of $128,939.51.
• On Wednesday, February 18th, 8 Rivers Capital, Llc sold 75,000 shares of NET Power stock. The shares were sold at an average price of $2.07, for a total value of $155,250.00.
• On Friday, February 13th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.14, for a total value of $214,000.00.
• On Thursday, February 12th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The stock was sold at an average price of $2.03, for a total value of $304,500.00.
• On Wednesday, February 11th, 8 Rivers Capital, Llc sold 60,000 shares of NET Power stock. The stock was sold at an average price of $2.02, for a total value of $121,200.00.
• On Tuesday, February 10th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The stock was sold at an average price of $2.08, for a total value of $83,200.00.
• On Thursday, January 29th, 8 Rivers Capital, Llc sold 54,780 shares of NET Power stock. The shares were sold at an average price of $2.35, for a total transaction of $128,733.00.
• 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 transaction 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 transaction 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 transaction of $305,500.00.

NET Power Trading Down 2.3%

NYSE NPWR opened at $1.91 on Thursday. The company has a fifty day simple moving average of $2.33 and a two-hundred day simple moving average of $2.74. The stock has a market cap of $423.18 million, a P/E ratio of -0.25 and a beta of 0.82. NET Power Inc. has a 12-month low of $1.48 and a 12-month high of $7.60.

Hedge Funds Weigh In On NET Power

Several institutional investors and hedge funds have recently modified their holdings of NPWR. Schonfeld Strategic Advisors LLC acquired a new stake in NET Power during the fourth quarter worth about $25,000. Invesco Ltd. purchased a new stake in NET Power in the 2nd quarter worth approximately $25,000. Sei Investments Co. acquired a new stake in shares of NET Power during the 2nd quarter worth approximately $32,000. Quantbot Technologies LP purchased a new position in shares of NET Power during the 3rd quarter valued at approximately $39,000. Finally, Integrity Alliance LLC. acquired a new position in shares of NET Power in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Wall Street Analyst Weigh In

NPWR has been the subject of a number of research reports. Barclays raised NET Power from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a report on Thursday, January 22nd. Finally, Citigroup dropped their target price on NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.50.

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.