Key Points
- 8 Rivers Capital sold 150,000 NET Power shares on Feb. 12 at $2.03 for $304,500, leaving the insider with 950,000 shares and a reported 13.64% reduction in its ownership stake.
- The Feb. 12 sale is part of a larger selling spree from Dec. 23 to Feb. 12 in which 8 Rivers sold roughly 1.26 million shares, signaling significant insider liquidation over that period.
- For context, NET Power (NPWR) is trading near $2.05 with a market cap of about $455 million and a MarketBeat consensus rating of "Hold" and target price of $3.50 (12‑month range $1.48–$8.27).
NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 40,000 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $2.08, for a total value of $83,200.00. Following the sale, the insider owned 1,160,000 shares in the company, valued at $2,412,800. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
8 Rivers Capital, Llc also recently made the following trade(s):
- On Thursday, February 12th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The shares were sold at an average price of $2.03, for a total transaction of $304,500.00.
- On Wednesday, February 11th, 8 Rivers Capital, Llc sold 60,000 shares of NET Power stock. The stock was sold at an average price of $2.02, for a total transaction of $121,200.00.
- On Thursday, January 29th, 8 Rivers Capital, Llc sold 54,780 shares of NET Power stock. The stock was sold at an average price of $2.35, for a total transaction of $128,733.00.
- On Wednesday, January 28th, 8 Rivers Capital, Llc sold 65,220 shares of NET Power stock. The shares were sold at an average price of $2.38, for a total transaction of $155,223.60.
- On Tuesday, January 27th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The stock was sold at an average price of $2.38, for a total transaction of $238,000.00.
- On Monday, January 26th, 8 Rivers Capital, Llc sold 130,000 shares of NET Power stock. The shares were sold at an average price of $2.35, for a total transaction of $305,500.00.
- On Friday, January 16th, 8 Rivers Capital, Llc sold 230,000 shares of NET Power stock. The shares were sold at an average price of $2.63, for a total value of $604,900.00.
- On Wednesday, January 14th, 8 Rivers Capital, Llc sold 135,000 shares of NET Power stock. The stock was sold at an average price of $2.74, for a total value of $369,900.00.
- On Wednesday, December 24th, 8 Rivers Capital, Llc sold 170,000 shares of NET Power stock. The stock was sold at an average price of $2.21, for a total value of $375,700.00.
- 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 value of $282,100.00.
NET Power Stock Performance
Shares of NPWR stock opened at $2.05 on Friday. NET Power Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $8.27. The firm has a market capitalization of $455.39 million, a PE ratio of -0.27 and a beta of 0.82. The stock's 50-day simple moving average is $2.43 and its 200-day simple moving average is $2.79.
NET Power (NYSE:NPWR - Get Free Report) last issued 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. Sell-side analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current year.
Hedge Funds Weigh In On NET Power
Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in NET Power during the second quarter worth $25,000. Invesco Ltd. acquired a new position in shares of NET Power in the second quarter worth about $25,000. Sei Investments Co. acquired a new position in shares of NET Power in the second quarter worth about $32,000. Quantbot Technologies LP purchased a new stake in shares of NET Power during the 3rd quarter worth about $39,000. Finally, Integrity Alliance LLC. acquired a new stake in shares of NET Power during the 4th quarter valued at about $40,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on NPWR. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NET Power in a report on Thursday, January 22nd. 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 raised NET Power from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $2.00 to $3.00 in a research report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NET Power presently has a consensus rating of "Hold" and an average price target of $3.50.
Check Out Our Latest Stock Report on NPWR
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.
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