NET Power (NYSE:NPWR) Major Shareholder Sells $369,900.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 135,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $2.74, for a total transaction of $369,900.00. Following the sale, the insider directly owned 1,915,000 shares of the company’s stock, valued at approximately $5,247,100. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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, 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 transaction of $604,900.00.
• On Wednesday, December 24th, 8 Rivers Capital, Llc sold 170,000 shares of NET Power stock. The stock was 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 shares were 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 shares were sold at an average price of $2.26, for a total value 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 stock was sold at an average price of $2.82, for a total value 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.
• On Friday, December 5th, 8 Rivers Capital, Llc sold 105,000 shares of NET Power stock. The stock was sold at an average price of $2.91, for a total value of $305,550.00.
• On Thursday, December 4th, 8 Rivers Capital, Llc sold 65,000 shares of NET Power stock. The stock was sold at an average price of $2.94, for a total transaction of $191,100.00.
• On Friday, November 28th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $2.94, for a total value of $588,000.00.

NET Power Stock Up 4.4%

Shares of NYSE NPWR traded up $0.11 during midday trading on Friday, reaching $2.62. 1,635,215 shares of the company’s stock traded hands, compared to its average volume of 957,197. NET Power Inc. has a one year low of $1.48 and a one year high of $10.20. The stock’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $2.87. The company has a market cap of $582.01 million, a price-to-earnings ratio of 0.72 and a beta of 0.81.

NET Power (NYSE:NPWR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $5.84 EPS for the quarter, topping the consensus estimate of ($0.16) by $6.00. Equities analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On NET Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Argentarii LLC raised its stake in NET Power by 413.0% during the 4th quarter. Argentarii LLC now owns 263,507 shares of the company’s stock valued at $601,000 after acquiring an additional 212,142 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of NET Power in the 4th quarter worth approximately $41,000. JPMorgan Chase & Co. increased its position in shares of NET Power by 1,226.9% in the third quarter. JPMorgan Chase & Co. now owns 212,929 shares of the company’s stock valued at $641,000 after buying an additional 196,882 shares in the last quarter. Worth Venture Partners LLC purchased a new position in NET Power during the 3rd quarter valued at about $209,000. Finally, Sig Brokerage LP raised its position in shares of NET Power by 50.3% during the 3rd quarter. Sig Brokerage LP now owns 24,298 shares of the company’s stock worth $73,000 after purchasing an additional 8,130 shares during the last quarter. 53.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NPWR has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NET Power in a report on Wednesday, October 8th. Citigroup decreased their price objective on NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Finally, Barclays upgraded NET Power from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. One investment 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, NET Power 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.