8 Rivers Capital, Llc Sells 431,009 Shares of NET Power Inc. (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 431,009 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.76, for a total value of $5,499,674.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large 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 Wednesday, November 20th, 8 Rivers Capital, Llc sold 320,371 shares of NET Power stock. The stock was sold at an average price of $12.60, for a total transaction of $4,036,674.60.
• On Wednesday, October 16th, 8 Rivers Capital, Llc sold 517,618 shares of NET Power stock. The shares were sold at an average price of $7.12, for a total transaction of $3,685,440.16.
• On Monday, October 7th, 8 Rivers Capital, Llc sold 8,871 shares of NET Power stock. The stock was sold at an average price of $7.01, for a total transaction of $62,185.71.
• On Thursday, October 3rd, 8 Rivers Capital, Llc sold 10,433 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total transaction 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 value 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 value of $562,456.44.

NET Power Trading Down 6.3 %

Shares of NYSE NPWR traded down $0.84 during midday trading on Tuesday, hitting $12.45. 974,514 shares of the stock traded hands, compared to its average volume of 416,287. NET Power Inc. has a one year low of $6.57 and a one year high of $14.28. The business has a 50 day moving average price of $8.80 and a two-hundred day moving average price of $9.18.

NET Power (NYSE:NPWR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.17. During the same quarter in the prior year, the business posted ($0.44) EPS. As a group, equities analysts expect that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NET Power

Several hedge funds and other institutional investors have recently made changes to their positions in NPWR. Vanguard Group Inc. grew its holdings in NET Power by 65.1% during the first 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 in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of NET Power in the 2nd quarter worth $20,537,000. Geode Capital Management LLC grew its stake in shares of NET Power by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock worth $4,535,000 after acquiring an additional 115,189 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of NET Power by 226.9% in the second quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock valued at $5,738,000 after purchasing an additional 405,128 shares during the last quarter. Finally, Khrom Capital Management LLC lifted its position in shares of NET Power by 9.6% during the second quarter. Khrom Capital Management LLC now owns 440,596 shares of the company’s stock valued at $4,331,000 after purchasing an additional 38,500 shares in the last quarter. 53.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NPWR. US Capital Advisors upgraded shares of NET Power to a “strong-buy” rating in a research note on Monday, October 28th. Barclays decreased 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 research note on Wednesday, August 14th. Finally, Citigroup cut their price objective on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research 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.