Key Points
- 8 Rivers Capital sold 75,000 NET Power (NPWR) shares on Feb. 18 at an average price of $2.07, leaving it with 775,000 shares valued at $1.604 million and representing an 8.82% reduction in its stake, per an SEC filing.
- The firm has been selling heavily since mid‑January, offloading about 1.14 million shares across multiple transactions between Jan. 14 and Feb. 18.
- NET Power shares trade around $2.08 (52‑week range $1.48–$8.27) with a market cap near $461M and a MarketBeat consensus rating of Hold (average target $3.50).
NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $2.07, for a total value of $155,250.00. Following the completion of the transaction, the insider directly owned 775,000 shares in the company, valued at $1,604,250. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 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 Friday, February 13th, 8 Rivers Capital, Llc sold 100,000 shares of NET Power stock. The shares were sold at an average price of $2.14, for a total transaction of $214,000.00.
- On Thursday, February 12th, 8 Rivers Capital, Llc sold 150,000 shares of NET Power stock. The stock was sold at an average price of $2.03, for a total value of $304,500.00.
- On Wednesday, February 11th, 8 Rivers Capital, Llc sold 60,000 shares of NET Power stock. The shares were sold at an average price of $2.02, for a total value of $121,200.00.
- On Tuesday, February 10th, 8 Rivers Capital, Llc sold 40,000 shares of NET Power stock. The shares were sold at an average price of $2.08, for a total value of $83,200.00.
- 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 value of $128,733.00.
- On Wednesday, January 28th, 8 Rivers Capital, Llc sold 65,220 shares of NET Power stock. The stock was 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 value 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 transaction of $369,900.00.
NET Power Stock Performance
Shares of NYSE NPWR opened at $2.08 on Thursday. NET Power Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $8.27. The company has a market cap of $460.94 million, a price-to-earnings ratio of -0.27 and a beta of 0.82. The business's 50 day moving average price is $2.38 and its 200-day moving average price is $2.76.
Hedge Funds Weigh In On NET Power
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in NET Power in the second quarter valued at approximately $25,000. Invesco Ltd. purchased a new stake in NET Power during the 2nd quarter worth about $25,000. Schonfeld Strategic Advisors LLC purchased a new stake in NET Power during the 4th quarter worth about $25,000. Sei Investments Co. purchased a new position in shares of NET Power in the 2nd quarter valued at about $32,000. Finally, Quantbot Technologies LP purchased a new position in shares of NET Power in the 3rd quarter valued at about $39,000. 53.62% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Barclays upgraded NET Power from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $2.00 to $3.00 in a research note on Friday, November 14th. Weiss Ratings restated a "sell (d-)" rating on shares of NET Power in a research report on Thursday, January 22nd. Finally, Citigroup decreased their price objective on shares of NET Power from $6.00 to $4.00 and set a "buy" rating on the stock in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $3.50.
Read Our Latest Analysis on NPWR
NET Power Company Profile
(
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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