Key Points
- 8 Rivers Capital sold 100,000 NET Power shares on Dec. 22 at $2.26 and has executed roughly 1.28 million shares of sales across multiple transactions in November–December.
- After the Dec. 22 sale the insider now directly owns 2,350,000 shares, a 4.08% reduction in its stake, valued at about $5.31 million.
- NET Power (NPWR) is trading near $2.17, with a 52‑week range of $1.48–$11.83, a market cap of $481.6M, and an average analyst target of $3.50 (consensus: Hold).
NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 100,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $2.26, for a total transaction of $226,000.00. Following the completion of the transaction, the insider directly owned 2,350,000 shares in the company, valued at approximately $5,311,000. This represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 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 Tuesday, December 23rd, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The shares were sold at an average price of $2.17, for a total transaction of $282,100.00.
- On Friday, December 19th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.34, for a total value of $234,000.00.
- On Tuesday, December 9th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.82, for a total transaction of $112,800.00.
- On Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The shares were sold at an average price of $2.81, for a total value of $393,400.00.
- On Friday, December 5th, 8 Rivers Capital, Llc sold 105,000 shares of NET Power stock. The shares were sold at an average price of $2.91, for a total transaction of $305,550.00.
- On Thursday, December 4th, 8 Rivers Capital, Llc sold 65,000 shares of NET Power stock. The stock was sold at an average price of $2.94, for a total value of $191,100.00.
- 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 shares were sold at an average price of $2.57, for a total transaction of $642,500.00.
NET Power Price Performance
NPWR opened at $2.17 on Wednesday. NET Power Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $11.83. The company's 50 day moving average price is $3.07 and its two-hundred day moving average price is $2.86. The firm has a market capitalization of $481.60 million, a price-to-earnings ratio of -0.28 and a beta of 0.80.
NET Power (NYSE:NPWR - Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported $5.84 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $6.00. As a group, equities research analysts predict that NET Power Inc. will post -0.4 EPS for the current year.
Hedge Funds Weigh In On NET Power
Several institutional investors have recently added to or reduced their stakes in NPWR. Stonegate Investment Group LLC boosted its holdings in shares of NET Power by 20.0% during the 3rd quarter. Stonegate Investment Group LLC now owns 30,000 shares of the company's stock worth $90,000 after buying an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of NET Power by 48.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,047 shares of the company's stock valued at $40,000 after acquiring an additional 5,255 shares during the period. Deutsche Bank AG lifted its position in shares of 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 acquiring an additional 5,429 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NET Power by 44.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,525 shares of the company's stock worth $46,000 after acquiring an additional 5,739 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in NET Power by 17.8% in the second quarter. Engineers Gate Manager LP now owns 46,433 shares of the company's stock worth $115,000 after purchasing an additional 7,002 shares during the period. 53.62% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of NET Power in a research note on Wednesday, October 8th. Citigroup decreased their target price on shares of NET Power from $6.00 to $4.00 and set a "buy" rating for the company in a research report on Tuesday, November 18th. Finally, Barclays upgraded shares of NET Power from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $2.00 to $3.00 in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $3.50.
View Our Latest Stock Analysis on NET Power
About NET Power
(
Get Free Report)
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.
Further Reading
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