8 Rivers Capital, Llc Sells 320,371 Shares of NET Power Inc. (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 320,371 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $12.60, for a total transaction of $4,036,674.60. Following the sale, the insider now directly owns 940,049 shares of the company’s stock, valued at $11,844,617.40. The trade was a 25.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• On Wednesday, October 16th, 8 Rivers Capital, Llc sold 517,618 shares of NET Power stock. The shares were sold at an average price of $7.12, for a total transaction of $3,685,440.16.
• On Monday, October 7th, 8 Rivers Capital, Llc sold 8,871 shares of NET Power stock. The stock was sold at an average price of $7.01, for a total transaction of $62,185.71.
• On Thursday, October 3rd, 8 Rivers Capital, Llc sold 10,433 shares of NET Power stock. The stock was sold at an average price of $7.00, for a total transaction of $73,031.00.
• On Monday, September 30th, 8 Rivers Capital, Llc sold 46,585 shares of NET Power stock. The stock was sold at an average price of $7.07, for a total value of $329,355.95.
• On Monday, September 23rd, 8 Rivers Capital, Llc sold 1,764 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total value of $12,348.00.
• On Friday, September 20th, 8 Rivers Capital, Llc sold 26,926 shares of NET Power stock. The stock was sold at an average price of $7.00, for a total value of $188,482.00.
• On Wednesday, September 18th, 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock. The stock was sold at an average price of $7.02, for a total value of $562,456.44.

NET Power Stock Up 0.7 %

NYSE NPWR opened at $12.64 on Friday. NET Power Inc. has a twelve month low of $6.57 and a twelve month high of $14.28. The business has a 50-day moving average price of $8.67 and a 200-day moving average price of $9.19.

NET Power (NYSE:NPWR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.17. During the same period in the previous year, the firm earned ($0.44) earnings per share. Sell-side analysts forecast that NET Power Inc. will post -0.4 EPS for the current year.

Hedge Funds Weigh In On NET Power

Several hedge funds have recently modified their holdings of NPWR. Encompass Capital Advisors LLC purchased a new position in NET Power during the second quarter valued at $20,537,000. Vanguard Group Inc. boosted its holdings in shares of NET Power by 65.1% during the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock valued at $27,617,000 after purchasing an additional 956,134 shares during the last quarter. Marshall Wace LLP grew its position in shares of NET Power by 226.9% during the second quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock valued at $5,738,000 after purchasing an additional 405,128 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NET Power by 21.7% in the third quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock worth $4,535,000 after purchasing an additional 115,189 shares during the last quarter. Finally, Thomist Capital Management LP purchased a new stake in shares of NET Power in the second quarter worth about $1,073,000. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup reduced their target price on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Barclays dropped their price target on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Finally, US Capital Advisors upgraded shares of NET Power to a “strong-buy” rating in a research report on Monday, October 28th.

About NET Power

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.