8 Rivers Capital, Llc Sells 8,871 Shares of NET Power Inc. (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 8,871 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $7.01, for a total value of $62,185.71. Following the transaction, the insider now owns 960,078 shares of the company’s stock, valued at approximately $6,730,146.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Thursday, October 3rd, 8 Rivers Capital, Llc sold 10,433 shares of NET Power stock. The stock was sold at an average price of $7.00, for a total value of $73,031.00.
• On Monday, September 30th, 8 Rivers Capital, Llc sold 46,585 shares of NET Power stock. The stock was sold at an average price of $7.07, for a total value of $329,355.95.
• On Monday, September 23rd, 8 Rivers Capital, Llc sold 1,764 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total value of $12,348.00.
• On Friday, September 20th, 8 Rivers Capital, Llc sold 26,926 shares of NET Power stock. The stock was 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 stock was sold at an average price of $7.02, for a total transaction of $562,456.44.

NET Power Stock Down 2.4 %

Shares of NYSE:NPWR opened at $6.84 on Wednesday. The company has a 50 day moving average of $7.80 and a 200 day moving average of $9.46. NET Power Inc. has a 12 month low of $6.57 and a 12 month high of $15.25.

NET Power (NYSE:NPWR) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The company had revenue of $0.24 million for the quarter. On average, research analysts expect that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NPWR has been the topic of several research analyst reports. Citigroup decreased their price target on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Barclays lowered their price objective on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th.

Hedge Funds Weigh In On NET Power

Several institutional investors have recently made changes to their positions in NPWR. B. Riley Wealth Advisors Inc. purchased a new stake in NET Power in the 2nd quarter worth approximately $136,000. Encompass Capital Advisors LLC bought a new stake in NET Power in the second quarter worth $20,537,000. ELCO Management Co. LLC lifted its position in shares of NET Power by 13.4% during the second quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock worth $206,000 after purchasing an additional 2,474 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of NET Power during the second quarter worth $470,000. Finally, K2 Principal Fund L.P. lifted its position in shares of NET Power by 153.9% during the second quarter. K2 Principal Fund L.P. now owns 33,037 shares of the company’s stock worth $325,000 after purchasing an additional 20,026 shares during the last quarter. Institutional investors own 53.62% of the company’s stock.

NET Power Company Profile

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.