NET Power Inc. (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 1,764 Shares of Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 1,764 shares of NET Power stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $7.00, for a total transaction of $12,348.00. Following the completion of the transaction, the insider now directly owns 71,310 shares of the company’s stock, valued at $499,170. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, September 20th, 8 Rivers Capital, Llc sold 26,926 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total transaction of $188,482.00.
• On Wednesday, September 18th, 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock. The shares were sold at an average price of $7.02, for a total transaction of $562,456.44.

NET Power Price Performance

NET Power stock opened at $7.15 on Wednesday. The firm has a 50-day moving average price of $8.29 and a two-hundred day moving average price of $9.66. NET Power Inc. has a 52-week low of $6.57 and a 52-week high of $15.87.

NET Power (NYSE:NPWR) last posted its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.24 million for the quarter. Sell-side analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.

Institutional Trading of NET Power

A number of hedge funds and other institutional investors have recently made changes to their positions in NPWR. Encompass Capital Advisors LLC bought a new stake in shares of NET Power during the 2nd quarter worth about $20,537,000. Vanguard Group Inc. raised its position in shares of NET Power by 65.1% during the 1st 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. Marshall Wace LLP raised its position in shares of NET Power by 226.9% during the 2nd quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock worth $5,738,000 after buying an additional 405,128 shares in the last quarter. Greenlight Capital Inc. raised its position in shares of NET Power by 5.5% during the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock worth $30,220,000 after buying an additional 155,000 shares in the last quarter. Finally, Berylson Capital Partners LLC bought a new stake in shares of NET Power during the 4th quarter worth about $1,303,000. 53.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NPWR shares. 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 report on Wednesday, August 14th. Citigroup reduced their target price on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th.

NET Power Company Profile

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.