Insider Selling: NET Power (NYSE:NPWR) Major Shareholder Sells 35,000 Shares

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1.60, for a total transaction of $56,000.00. Following the sale, the insider owned 2,000,000 shares of the company’s stock, valued at approximately $3,200,000. The trade was a 1.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 Monday, August 10th, 8 Rivers Capital, Llc sold 55,400 shares of NET Power stock. The shares were sold at an average price of $1.55, for a total value of $85,870.00.
• On Friday, August 7th, 8 Rivers Capital, Llc sold 60,345 shares of NET Power stock. The shares were sold at an average price of $1.53, for a total value of $92,327.85.
• On Thursday, August 6th, 8 Rivers Capital, Llc sold 89,255 shares of NET Power stock. The shares were sold at an average price of $1.51, for a total value of $134,775.05.
• On Wednesday, August 5th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total value of $211,400.00.
• On Tuesday, August 4th, 8 Rivers Capital, Llc sold 120,000 shares of NET Power stock. The stock was 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 shares were sold at an average price of $1.41, for a total transaction of $63,450.00.
• On Tuesday, July 28th, 8 Rivers Capital, Llc sold 55,858 shares of NET Power stock. The stock was 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.

NET Power Trading Up 2.9%

Shares of NYSE NPWR traded up $0.04 during midday trading on Tuesday, hitting $1.61. The company’s stock had a trading volume of 410,855 shares, compared to its average volume of 780,263. The stock has a fifty day moving average price of $1.62 and a 200 day moving average price of $1.82. NET Power Inc. has a one year low of $1.35 and a one year high of $5.20. The firm has a market capitalization of $362.44 million, a price-to-earnings ratio of -0.27 and a beta of 1.07.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC bought a new stake in shares of NET Power during the 4th quarter valued at about $25,000. Invesco Ltd. bought a new position in shares of NET Power in the second quarter worth approximately $25,000. Summit Securities Group LLC purchased a new stake in NET Power in the first quarter valued at approximately $30,000. Sei Investments Co. bought a new stake in NET Power during the second quarter valued at approximately $32,000. Finally, Quantbot Technologies LP bought a new stake in NET Power during the third quarter valued at approximately $39,000. 53.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NPWR shares. Wall Street Zen lowered NET Power from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Weiss Ratings cut NET Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.