8 Rivers Capital, Llc Sells 132,837 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 132,837 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $2.60, for a total value of $345,376.20. Following the completion of the sale, the insider directly owned 3,117,163 shares in the company, valued at $8,104,623.80. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• On Friday, November 21st, 8 Rivers Capital, Llc sold 17,163 shares of NET Power stock. The shares were sold at an average price of $2.50, for a total value of $42,907.50.
• On Wednesday, November 19th, 8 Rivers Capital, Llc sold 250,000 shares of NET Power stock. The stock was sold at an average price of $2.57, for a total value of $642,500.00.
• On Monday, November 17th, 8 Rivers Capital, Llc sold 338,653 shares of NET Power stock. The shares were sold at an average price of $2.81, for a total value of $951,614.93.
• On Monday, November 3rd, 8 Rivers Capital, Llc sold 8,477 shares of NET Power stock. The stock was sold at an average price of $4.00, for a total value of $33,908.00.
• On Friday, October 31st, 8 Rivers Capital, Llc sold 18,116 shares of NET Power stock. The shares were sold at an average price of $4.05, for a total transaction of $73,369.80.
• On Tuesday, October 28th, 8 Rivers Capital, Llc sold 7,585 shares of NET Power stock. The shares were sold at an average price of $3.77, for a total transaction of $28,595.45.
• On Thursday, October 30th, 8 Rivers Capital, Llc sold 107,754 shares of NET Power stock. The stock was sold at an average price of $4.04, for a total transaction of $435,326.16.
• On Wednesday, October 29th, 8 Rivers Capital, Llc sold 786,832 shares of NET Power stock. The shares were sold at an average price of $4.12, for a total transaction of $3,241,747.84.
• On Monday, October 27th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The stock was sold at an average price of $3.77, for a total transaction of $754,000.00.
• On Friday, October 24th, 8 Rivers Capital, Llc sold 32,583 shares of NET Power stock. The stock was sold at an average price of $3.70, for a total transaction of $120,557.10.

NET Power Stock Performance

NPWR stock opened at $2.64 on Wednesday. NET Power Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $14.12. The company has a market capitalization of $585.34 million, a price-to-earnings ratio of -0.34 and a beta of 0.78. The business’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $2.77.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on NPWR. Barclays raised shares of NET Power from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of NET Power in a report on Wednesday, October 8th. Finally, Citigroup lowered their target price on shares of NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a report 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.50.

Institutional Trading of NET Power

Several institutional investors have recently bought and sold shares of the company. Worth Venture Partners LLC bought a new stake in NET Power during the 3rd quarter valued at about $209,000. Sig Brokerage LP grew its holdings in shares of NET Power by 50.3% during the third quarter. Sig Brokerage LP now owns 24,298 shares of the company’s stock valued at $73,000 after buying an additional 8,130 shares during the last quarter. Bank of America Corp DE increased its position in shares of NET Power by 555.0% during the third quarter. Bank of America Corp DE now owns 153,294 shares of the company’s stock valued at $461,000 after acquiring an additional 129,889 shares in the last quarter. Alliancebernstein L.P. raised its holdings in NET Power by 11.1% in the 3rd quarter. Alliancebernstein L.P. now owns 101,680 shares of the company’s stock worth $306,000 after acquiring an additional 10,200 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in NET Power by 2,113.1% in the 3rd quarter. Brooklyn Investment Group now owns 27,000 shares of the company’s stock valued at $81,000 after acquiring an additional 25,780 shares in the last quarter. 53.62% of the stock is owned by hedge funds and other institutional investors.

About NET Power

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.