8 Rivers Capital, Llc Sells 80,122 Shares of NET Power Inc. (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.02, for a total transaction of $562,456.44. Following the sale, the insider now directly owns 342,364 shares in the company, valued at approximately $2,403,395.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

NET Power Trading Down 1.7 %

Shares of NYSE NPWR opened at $6.95 on Friday. The firm’s 50 day moving average price is $8.41 and its 200-day moving average price is $9.66. NET Power Inc. has a 52-week low of $6.57 and a 52-week high of $16.15.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on NPWR. Citigroup cut their price target on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Barclays cut their target price on NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th.

Institutional Investors Weigh In On NET Power

Large investors have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. boosted its holdings in shares of NET Power by 5.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 29,365 shares of the company’s stock valued at $289,000 after acquiring an additional 1,500 shares during the last quarter. ELCO Management Co. LLC grew its position in NET Power by 13.4% in the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock worth $206,000 after purchasing an additional 2,474 shares during the period. Palo Duro Investment Partners LP raised its stake in NET Power by 4.3% during the 4th quarter. Palo Duro Investment Partners LP now owns 139,417 shares of the company’s stock valued at $1,408,000 after buying an additional 5,803 shares during the last quarter. Williams Jones Wealth Management LLC. bought a new position in shares of NET Power during the 1st quarter valued at $128,000. Finally, K2 Principal Fund L.P. bought a new position in shares of NET Power during the 1st quarter valued at $148,000. 53.62% of the stock is currently owned by 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.