Insider Selling: NET Power (NYSE:NPWR) Major Shareholder Sells $163,708.90 in Stock

NET Power Inc. (NYSE:NPWRGet Free Report) major shareholder 8 Rivers Capital, Llc sold 79,858 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $2.05, for a total transaction of $163,708.90. Following the completion of the transaction, the insider owned 500,000 shares in the company, valued at approximately $1,025,000. This trade represents a 13.77% decrease in their position. The sale was disclosed in a document filed with the SEC, 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, February 27th, 8 Rivers Capital, Llc sold 4,744 shares of NET Power stock. The shares were sold at an average price of $2.00, for a total transaction of $9,488.00.
  • On Thursday, February 26th, 8 Rivers Capital, Llc sold 1,881 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total transaction of $3,762.00.
  • On Friday, February 20th, 8 Rivers Capital, Llc sold 63,517 shares of NET Power stock. The shares were sold at an average price of $2.03, for a total transaction of $128,939.51.
  • On Thursday, February 19th, 8 Rivers Capital, Llc sold 125,000 shares of NET Power stock. The shares were sold at an average price of $2.14, for a total transaction of $267,500.00.
  • On Wednesday, February 18th, 8 Rivers Capital, Llc sold 75,000 shares of NET Power stock. The shares were sold at an average price of $2.07, for a total value of $155,250.00.
  • On Friday, February 13th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.14, for a total value of $214,000.00.
  • On Thursday, February 12th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The stock was sold at an average price of $2.03, for a total value of $304,500.00.
  • On Wednesday, February 11th, 8 Rivers Capital, Llc sold 60,000 shares of NET Power stock. The shares were sold at an average price of $2.02, for a total value of $121,200.00.
  • On Tuesday, February 10th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.08, for a total value of $83,200.00.
  • On Thursday, January 29th, 8 Rivers Capital, Llc sold 54,780 shares of NET Power stock. The stock was sold at an average price of $2.35, for a total value of $128,733.00.

NET Power Price Performance

Shares of NYSE NPWR opened at $2.03 on Thursday. The firm’s 50 day simple moving average is $2.30 and its 200-day simple moving average is $2.72. NET Power Inc. has a 12 month low of $1.48 and a 12 month high of $6.99. The stock has a market capitalization of $450.94 million, a price-to-earnings ratio of -0.27 and a beta of 0.84.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC acquired a new stake in NET Power in the 4th quarter worth about $25,000. Invesco Ltd. purchased a new position in shares of NET Power in the second quarter valued at approximately $25,000. Sei Investments Co. purchased a new position in shares of NET Power in the second quarter valued at approximately $32,000. Quantbot Technologies LP acquired a new stake in shares of NET Power in the third quarter worth approximately $39,000. Finally, Integrity Alliance LLC. purchased a new stake in shares of NET Power during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Ratings Changes

NPWR has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of NET Power in a research report on Thursday, January 22nd. Citigroup lowered their price target on NET Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Finally, Barclays upgraded NET Power from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $2.00 to $3.00 in a research report on Friday, November 14th. 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.50.

Read Our Latest Report on NPWR

NET Power Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for NET Power (NYSE:NPWR)

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