8 Rivers Capital, Llc Sells 201,550 Shares of NET Power (NYSE:NPWR) Stock

Key Points

• 8 Rivers Capital sold 201,550 NET Power shares at an average of $1.91, generating $384,960.50 and reducing its ownership by 16.22% to 1,041,350 shares. The sale followed several additional disposals in August.
• NET Power shares recently traded at $1.91, with a market capitalization of about $428 million and a 52-week range of $1.35 to $5.20. The company reported a quarterly loss of $0.91 per share, substantially worse than analysts’ expected loss of $0.07.
• Analyst sentiment is mixed but leans cautious: the stock has an overall “Hold” rating and a consensus price target of $3.50, while some firms have downgraded it to “Strong Sell” or “Sell.”

NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 201,550 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $1.91, for a total transaction of $384,960.50. Following the sale, the insider owned 1,041,350 shares in the company, valued at $1,988,978.50. This trade represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 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 Wednesday, August 26th, 8 Rivers Capital, Llc sold 41,350 shares of NET Power stock. The shares were sold at an average price of $1.91, for a total transaction of $78,978.50.
• 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 transaction 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 transaction 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 stock was 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 value of $92,327.85.
• On Thursday, August 6th, 8 Rivers Capital, Llc sold 89,255 shares of NET Power stock. The shares were sold at an average price of $1.51, for a total value of $134,775.05.
• On Wednesday, August 5th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $1.51, for a total value of $211,400.00.
• On Tuesday, August 4th, 8 Rivers Capital, Llc sold 120,000 shares of NET Power stock. The stock was sold at an average price of $1.54, for a total value of $184,800.00.

NET Power Price Performance

Shares of NET Power stock traded up $0.10 during trading on Thursday, hitting $1.91. The stock had a trading volume of 947,602 shares, compared to its average volume of 825,839. The firm has a market cap of $428.36 million, a P/E ratio of -0.30 and a beta of 1.07. The business has a fifty day moving average of $1.62 and a two-hundred day moving average of $1.77. NET Power Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $5.20.

NET Power (NYSE:NPWR - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.84).

Wall Street Analysts Forecast Growth

Several research firms recently commented on NPWR. Wall Street Zen lowered shares of NET Power from a "sell" rating to a "strong sell" rating in a research note on Saturday, July 18th. Weiss Ratings cut NET Power from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $3.50.

Institutional Trading of NET Power

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of NET Power by 644.0% in the 1st quarter. Renaissance Technologies LLC now owns 703,800 shares of the company's stock valued at $1,098,000 after acquiring an additional 609,200 shares in the last quarter. CenterBook Partners LP grew its position in 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 purchasing an additional 599,725 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in 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 purchasing an additional 400,000 shares in the last quarter. Caption Management LLC raised its stake in NET Power by 619.8% during the 2nd quarter. Caption Management LLC now owns 401,899 shares of the company's stock valued at $993,000 after purchasing an additional 346,068 shares during the period. Finally, UBS Group AG raised its stake in NET Power by 183.1% during the 3rd quarter. UBS Group AG now owns 430,452 shares of the company's stock valued at $1,296,000 after purchasing an additional 278,400 shares during the period. Institutional investors and hedge funds own 53.62% of the company's stock.

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.

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