NET Power (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 140,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.51, for a total value of $211,400.00. Following the sale, the insider directly owned 2,240,000 shares in the company, valued at approximately $3,382,400. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 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 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 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 value 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 value of $63,450.00.
• On Tuesday, July 28th, 8 Rivers Capital, Llc sold 55,858 shares of NET Power stock. The shares were 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 stock was sold at an average price of $2.43, for a total transaction of $85,050.00.
• On Tuesday, May 12th, 8 Rivers Capital, Llc sold 400,000 shares of NET Power stock. The shares were sold at an average price of $2.44, for a total transaction of $976,000.00.

NET Power Trading Down 1.6%

NYSE:NPWR traded down $0.03 during mid-day trading on Thursday, hitting $1.50. The company’s stock had a trading volume of 458,581 shares, compared to its average volume of 788,476. The company has a market capitalization of $335.50 million, a price-to-earnings ratio of -0.25 and a beta of 1.07. NET Power Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $5.20. The stock has a fifty day moving average of $1.65 and a 200-day moving average of $1.84.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05).

Institutional Investors Weigh In On NET Power

A number of hedge funds have recently modified their holdings of NPWR. Invesco Ltd. acquired a new position in shares of NET Power in the 2nd quarter valued at approximately $25,000. Schonfeld Strategic Advisors LLC acquired a new stake in NET Power during the 4th quarter worth approximately $25,000. Sei Investments Co. bought a new position in NET Power in the second quarter valued at approximately $32,000. Quantbot Technologies LP acquired a new position in shares of NET Power in the third quarter valued at approximately $39,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of NET Power by 48.7% in the second quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company’s stock valued at $40,000 after buying an additional 5,255 shares during the period. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NPWR. Wall Street Zen cut shares of NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings lowered shares of NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. 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, NET Power 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.