8 Rivers Capital, Llc Sells 150,000 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 150,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $1.84, for a total value of $276,000.00. Following the completion of the transaction, the insider owned 750,000 shares of the company’s stock, valued at $1,380,000. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• On Tuesday, September 8th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $1.94, for a total value of $194,000.00.
• On Wednesday, August 26th, 8 Rivers Capital, Llc sold 41,350 shares of NET Power stock. The stock was sold at an average price of $1.91, for a total value of $78,978.50.
• On Tuesday, August 25th, 8 Rivers Capital, Llc sold 201,550 shares of NET Power stock. The stock was sold at an average price of $1.91, for a total value of $384,960.50.
• On Friday, August 14th, 8 Rivers Capital, Llc sold 507,100 shares of NET Power stock. The shares were sold at an average price of $1.95, for a total value of $988,845.00.
• On Thursday, August 13th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $1.62, for a total value of $324,000.00.
• On Wednesday, August 12th, 8 Rivers Capital, Llc sold 50,000 shares of NET Power stock. The stock was sold at an average price of $1.63, for a total value of $81,500.00.
• On Tuesday, August 11th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The stock was sold at an average price of $1.60, for a total value of $56,000.00.
• 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 transaction of $92,327.85.
• On Thursday, August 6th, 8 Rivers Capital, Llc sold 89,255 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total transaction of $134,775.05.

NET Power Price Performance

NPWR opened at $1.91 on Friday. NET Power Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $5.20. The company’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.75. The firm has a market capitalization of $428.36 million, a price-to-earnings ratio of -0.30 and a beta of 1.10.

NET Power (NYSE:NPWR) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.84).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut NET Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings raised NET Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NPWR. Tidal Investments LLC increased its holdings in NET Power by 190.0% in the second quarter. Tidal Investments LLC now owns 1,546,562 shares of the company’s stock worth $2,583,000 after purchasing an additional 1,013,309 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of NET Power by 644.0% during the 1st quarter. Renaissance Technologies LLC now owns 703,800 shares of the company’s stock worth $1,098,000 after buying an additional 609,200 shares in the last quarter. CenterBook Partners LP boosted its holdings in shares of NET Power by 48.0% during the 4th quarter. CenterBook Partners LP now owns 1,848,073 shares of the company’s stock worth $4,214,000 after buying an additional 599,725 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of NET Power by 16.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company’s stock worth $7,015,000 after buying an additional 400,000 shares during the period. Finally, Caption Management LLC grew its position in shares of NET Power by 619.8% during the 2nd quarter. Caption Management LLC now owns 401,899 shares of the company’s stock worth $993,000 after buying an additional 346,068 shares during the period. 53.62% of the stock is owned by institutional investors and hedge funds.

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.