Insider Selling: NET Power (NYSE:NPWR) Major Shareholder Sells $134,775.05 in Stock

Key Points

• 8 Rivers Capital sold 89,255 NET Power shares at an average price of $1.51, generating $134,775.05. The sale reduced its ownership by 3.98%, leaving it with 2,150,745 shares.
• The shareholder has conducted several additional sales in recent weeks, including 140,000 shares on August 5 and 120,000 shares on August 4, indicating sustained selling activity.
• NET Power shares closed at $1.50, near their $1.35 one-year low, while the company reported a quarterly loss of $0.12 per share. Analysts have a consensus “Hold” rating and an average price target of $3.50.

NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 89,255 shares of the firm's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $1.51, for a total transaction of $134,775.05. Following the completion of the sale, the insider owned 2,150,745 shares of the company's stock, valued at $3,247,624.95. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major 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, 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 shares were sold at an average price of $1.54, for a total value of $184,800.00.
• On Thursday, July 30th, 8 Rivers Capital, Llc sold 155,000 shares of NET Power stock. The shares were sold at an average price of $1.43, for a total value of $221,650.00.
• On Wednesday, July 29th, 8 Rivers Capital, Llc sold 45,000 shares of NET Power stock. The stock was sold at an average price of $1.41, for a total value of $63,450.00.
• On Tuesday, July 28th, 8 Rivers Capital, Llc sold 55,858 shares of NET Power stock. The shares were sold at an average price of $1.47, for a total value of $82,111.26.
• On Wednesday, May 13th, 8 Rivers Capital, Llc sold 35,000 shares of NET Power stock. The shares were sold at an average price of $2.43, for a total value of $85,050.00.
• On Tuesday, May 12th, 8 Rivers Capital, Llc sold 400,000 shares of NET Power stock. The shares were sold at an average price of $2.44, for a total value of $976,000.00.

NET Power Price Performance

NPWR stock traded down $0.03 during midday trading on Thursday, reaching $1.50. 458,581 shares of the company were exchanged, compared to its average volume of 788,476. NET Power Inc. has a one year low of $1.35 and a one year high of $5.20. The firm has a market capitalization of $335.50 million, a price-to-earnings ratio of -0.25 and a beta of 1.07. The business has a 50-day moving average price of $1.65 and a two-hundred day moving average price of $1.84.

NET Power (NYSE:NPWR - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05).

Institutional Investors Weigh In On NET Power

A number of institutional investors have recently modified their holdings of NPWR. Schonfeld Strategic Advisors LLC acquired a new position in shares of NET Power in the fourth quarter valued at about $25,000. Invesco Ltd. acquired a new stake in NET Power in the 2nd quarter worth about $25,000. Summit Securities Group LLC bought a new stake in NET Power in the 1st quarter valued at about $30,000. Sei Investments Co. bought a new stake in NET Power in the 2nd quarter valued at about $32,000. Finally, Quantbot Technologies LP acquired a new position in shares of NET Power during the 3rd quarter worth approximately $39,000. Institutional investors own 53.62% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of NET Power from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded NET Power from a "sell" rating to a "strong sell" rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $3.50.

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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