8 Rivers Capital, Llc Sells 8,871 Shares of NET Power Inc. (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 8,871 shares of NET Power stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $7.01, for a total value of $62,185.71. Following the completion of the transaction, the insider now owns 960,078 shares in the company, valued at $6,730,146.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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, 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 value 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 stock was 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 Down 2.4 %

Shares of NPWR stock opened at $6.84 on Wednesday. The stock has a 50 day simple moving average of $7.80 and a 200-day simple moving average of $9.46. NET Power Inc. has a 1-year low of $6.57 and a 1-year high of $15.25.

NET Power (NYSE:NPWR) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The company had revenue of $0.24 million during the quarter. Analysts expect that NET Power Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

NPWR has been the subject of a number of analyst reports. Barclays decreased their price target on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Citigroup decreased their price target on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th.

Institutional Trading of NET Power

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in NET Power by 65.1% in the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock valued at $27,617,000 after buying an additional 956,134 shares in the last quarter. SIR Capital Management L.P. purchased a new stake in NET Power in the 2nd quarter valued at $971,000. Encompass Capital Advisors LLC purchased a new stake in NET Power in the 2nd quarter valued at $20,537,000. Berylson Capital Partners LLC purchased a new stake in NET Power in the 4th quarter valued at $1,303,000. Finally, Greenlight Capital Inc. grew its holdings in NET Power by 5.5% in the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock valued at $30,220,000 after buying an additional 155,000 shares in the last quarter. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

NET Power Company Profile

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.