NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $12,348.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 1,764 shares of NET Power stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $7.00, for a total transaction of $12,348.00. Following the transaction, the insider now directly owns 71,310 shares of the company’s stock, valued at $499,170. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 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 Friday, September 20th, 8 Rivers Capital, Llc sold 26,926 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total transaction of $188,482.00.
• On Wednesday, September 18th, 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock. The shares were sold at an average price of $7.02, for a total transaction of $562,456.44.

NET Power Stock Performance

NPWR opened at $7.13 on Thursday. NET Power Inc. has a 1-year low of $6.57 and a 1-year high of $15.69. The firm has a 50-day moving average price of $8.25 and a two-hundred day moving average price of $9.64.

NET Power (NYSE:NPWR) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $0.24 million for the quarter. As a group, equities research analysts predict that NET Power Inc. will post -0.4 earnings per share for the current year.

Institutional Investors Weigh In On NET Power

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of NET Power by 65.1% during the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock worth $27,617,000 after buying an additional 956,134 shares during the period. SIR Capital Management L.P. acquired a new stake in shares of NET Power during the 2nd quarter worth approximately $971,000. Berylson Capital Partners LLC acquired a new stake in shares of NET Power during the 4th quarter worth approximately $1,303,000. Swiss National Bank acquired a new stake in shares of NET Power during the 4th quarter worth approximately $275,000. Finally, Greenlight Capital Inc. grew its position in shares of NET Power by 5.5% during the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock worth $30,220,000 after buying an additional 155,000 shares during the period. Institutional investors and hedge funds own 53.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NPWR. Barclays cut their price target on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Citigroup cut their price target on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th.

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.