Key Points
- 8 Rivers Capital sold 132,837 NET Power shares on Nov. 20 at an average price of $2.60 for $345,376.20, leaving it with 3,117,163 shares—a 4.09% reduction in ownership.
- The sale is part of a string of large dispositions by 8 Rivers across October–November (notable recent sales include 786,832 shares on Oct. 29, 338,653 on Nov. 17 and 250,000 on Nov. 19), indicating an ongoing sell-down of its stake.
- NET Power trades near $2.50 with a market cap of about $554M and a 12‑month range of $1.48–$14.12; analysts' consensus is Hold with an average target of $3.50, and the company reported an unexpected quarterly EPS of $5.84 on Nov. 13 that beat estimates.
NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 17,163 shares of the firm's stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $2.50, for a total value of $42,907.50. Following the transaction, the insider directly owned 3,100,000 shares in the company, valued at approximately $7,750,000. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large 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 Thursday, November 20th, 8 Rivers Capital, Llc sold 132,837 shares of NET Power stock. The stock was sold at an average price of $2.60, for a total value of $345,376.20.
- On Wednesday, November 19th, 8 Rivers Capital, Llc sold 250,000 shares of NET Power stock. The stock was sold at an average price of $2.57, for a total transaction of $642,500.00.
- On Monday, November 17th, 8 Rivers Capital, Llc sold 338,653 shares of NET Power stock. The stock was sold at an average price of $2.81, for a total transaction of $951,614.93.
- On Monday, November 3rd, 8 Rivers Capital, Llc sold 8,477 shares of NET Power stock. The shares were sold at an average price of $4.00, for a total transaction of $33,908.00.
- On Friday, October 31st, 8 Rivers Capital, Llc sold 18,116 shares of NET Power stock. The shares were sold at an average price of $4.05, for a total transaction of $73,369.80.
- On Tuesday, October 28th, 8 Rivers Capital, Llc sold 7,585 shares of NET Power stock. The stock was sold at an average price of $3.77, for a total transaction of $28,595.45.
- On Thursday, October 30th, 8 Rivers Capital, Llc sold 107,754 shares of NET Power stock. The shares were sold at an average price of $4.04, for a total transaction of $435,326.16.
- On Wednesday, October 29th, 8 Rivers Capital, Llc sold 786,832 shares of NET Power stock. The shares were sold at an average price of $4.12, for a total value of $3,241,747.84.
- On Monday, October 27th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The stock was sold at an average price of $3.77, for a total value of $754,000.00.
- On Friday, October 24th, 8 Rivers Capital, Llc sold 32,583 shares of NET Power stock. The shares were sold at an average price of $3.70, for a total value of $120,557.10.
NET Power Price Performance
NPWR opened at $2.50 on Tuesday. The stock's 50 day simple moving average is $3.33 and its 200 day simple moving average is $2.76. The firm has a market cap of $554.24 million, a price-to-earnings ratio of -0.33 and a beta of 0.78. NET Power Inc. has a 1 year low of $1.48 and a 1 year high of $14.12.
NET Power (NYSE:NPWR - Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported $5.84 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $6.00. As a group, sell-side analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Barclays raised shares of NET Power from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $2.00 to $3.00 in a research report on Friday, November 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of NET Power in a report on Wednesday, October 8th. Finally, Citigroup cut their target price on NET Power from $6.00 to $4.00 and set a "buy" rating on the stock in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $3.50.
Get Our Latest Stock Analysis on NET Power
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new stake in shares of NET Power in the 2nd quarter worth about $25,000. Invesco Ltd. purchased a new position in NET Power during the second quarter valued at $25,000. Sei Investments Co. purchased a new stake in shares of NET Power in the second quarter worth $32,000. Quantbot Technologies LP purchased a new stake in shares of NET Power in the third quarter worth $39,000. Finally, Deutsche Bank AG increased its holdings in shares of NET Power by 63.0% during the first quarter. Deutsche Bank AG now owns 14,051 shares of the company's stock valued at $37,000 after acquiring an additional 5,429 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors.
About NET Power
(
Get Free Report)
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.
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