Key Points
- 8 Rivers Capital sold 105,000 NET Power shares on Dec. 5 at an average of $2.91 for $305,550, leaving it with 2,730,000 shares valued at about $7.94 million — a 3.70% drop in its ownership stake.
- The firm has been repeatedly selling since late October, disposing of approximately 1,282,831 shares across multiple transactions totaling roughly $3.6 million.
- NET Power shares trade near $2.76 with a market cap of $612 million, a one‑year range of $1.48–$11.83, and a MarketBeat consensus rating of "Hold" with an average price target of $3.50.
NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 65,000 shares of the firm's stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $2.94, for a total transaction of $191,100.00. Following the completion of the transaction, the insider directly owned 2,835,000 shares of the company's stock, valued at approximately $8,334,900. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $2.81, for a total transaction of $393,400.00.
- On Friday, December 5th, 8 Rivers Capital, Llc sold 105,000 shares of NET Power stock. The stock was sold at an average price of $2.91, for a total value of $305,550.00.
- On Friday, November 28th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $2.94, for a total value of $588,000.00.
- On Friday, November 21st, 8 Rivers Capital, Llc sold 17,163 shares of NET Power stock. The stock was sold at an average price of $2.50, for a total value of $42,907.50.
- On Thursday, November 20th, 8 Rivers Capital, Llc sold 132,837 shares of NET Power stock. The shares were 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 value 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.
NET Power Stock Performance
NET Power stock opened at $2.76 on Tuesday. NET Power Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $11.83. The stock has a market cap of $612.00 million, a P/E ratio of -0.36 and a beta of 0.80. The firm's fifty day moving average price is $3.35 and its 200-day moving average price is $2.84.
NET Power (NYSE:NPWR - Get Free Report) last released its earnings results on Thursday, November 13th. The company reported $5.84 EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $6.00. On average, analysts predict that NET Power Inc. will post -0.4 earnings per share for the current year.
Hedge Funds Weigh In On NET Power
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new position in NET Power in the 2nd quarter worth approximately $25,000. Invesco Ltd. bought a new position in shares of NET Power in the second quarter worth approximately $25,000. Sei Investments Co. bought a new position in shares of NET Power in the second quarter worth approximately $32,000. Quantbot Technologies LP purchased a new position in shares of NET Power in the third quarter worth $39,000. Finally, Deutsche Bank AG raised its holdings in NET Power by 63.0% during the 1st quarter. Deutsche Bank AG now owns 14,051 shares of the company's stock valued at $37,000 after buying an additional 5,429 shares during the last quarter. 53.62% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on NPWR. Citigroup dropped their target price on NET Power from $6.00 to $4.00 and set a "buy" rating for the company in a research report on Tuesday, November 18th. Barclays raised shares of NET Power from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $2.00 to $3.00 in a research note on Friday, November 14th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of NET Power in a report on Wednesday, October 8th. One equities 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.50.
View Our Latest Stock Report on NET Power
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.
Further Reading
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