Key Points
- 8 Rivers Capital sold 79,858 NET Power shares on March 2 at an average price of $2.05 (proceeds $163,708.90), leaving it with 500,000 shares — a 13.77% drop in its ownership.
- The March 2 sale is part of a larger wave of disposals since late January, with 8 Rivers selling roughly 755,000 shares across multiple transactions.
- NET Power (NPWR) trades near $2.11 with a 50-day/200-day moving average of $2.31/$2.72 and a market cap of about $469.6M; analysts are mixed, with an average rating of Hold and an average price target of $3.50.
NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 79,858 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $2.05, for a total value of $163,708.90. Following the sale, the insider directly owned 500,000 shares of the company's stock, valued at approximately $1,025,000. This represents a 13.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 Friday, February 27th, 8 Rivers Capital, Llc sold 4,744 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total value of $9,488.00.
- On Thursday, February 26th, 8 Rivers Capital, Llc sold 1,881 shares of NET Power stock. The stock was sold at an average price of $2.00, for a total value of $3,762.00.
- On Friday, February 20th, 8 Rivers Capital, Llc sold 63,517 shares of NET Power stock. The shares were sold at an average price of $2.03, for a total transaction of $128,939.51.
- On Thursday, February 19th, 8 Rivers Capital, Llc sold 125,000 shares of NET Power stock. The stock was sold at an average price of $2.14, for a total transaction of $267,500.00.
- On Wednesday, February 18th, 8 Rivers Capital, Llc sold 75,000 shares of NET Power stock. The shares were sold at an average price of $2.07, for a total transaction of $155,250.00.
- 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 transaction 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 transaction 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 shares were sold at an average price of $2.35, for a total value of $128,733.00.
NET Power Trading Up 9.5%
NYSE:NPWR opened at $2.11 on Tuesday. The business's fifty day moving average price is $2.31 and its 200 day moving average price is $2.72. The firm has a market capitalization of $469.60 million, a price-to-earnings ratio of -0.28 and a beta of 0.84. NET Power Inc. has a 1-year low of $1.48 and a 1-year high of $7.35.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on NPWR shares. Weiss Ratings reissued a "sell (d-)" rating on shares of NET Power in a research report on Thursday, January 22nd. Barclays upgraded shares of NET Power from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $2.00 to $3.00 in a research note on Friday, November 14th. Finally, 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 note on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $3.50.
Read Our Latest Analysis on NET Power
Institutional Trading of NET Power
Several large investors have recently added to or reduced their stakes in NPWR. Schonfeld Strategic Advisors LLC bought a new position in shares of NET Power during the 4th quarter valued at $25,000. Invesco Ltd. acquired a new position in NET Power during the second quarter worth $25,000. Sei Investments Co. acquired a new position in NET Power during the second quarter worth $32,000. Quantbot Technologies LP bought a new position in NET Power during the third quarter valued at about $39,000. Finally, Integrity Alliance LLC. acquired a new stake in shares of NET Power in the fourth quarter worth about $40,000. 53.62% of the stock is owned by institutional investors.
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.
Further Reading
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