NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $12,348.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 1,764 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $7.00, for a total value of $12,348.00. Following the sale, the insider now owns 71,310 shares in the company, valued at approximately $499,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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, 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 Trading Up 5.1 %

Shares of NET Power stock traded up $0.35 on Tuesday, reaching $7.15. 377,127 shares of the stock were exchanged, compared to its average volume of 359,152. NET Power Inc. has a twelve month low of $6.57 and a twelve month high of $15.87. The business has a 50 day moving average price of $8.35 and a two-hundred day moving average price of $9.67.

NET Power (NYSE:NPWR) last released its 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. Sell-side analysts anticipate that NET Power Inc. will post -0.4 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NPWR shares. Citigroup dropped 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 dropped their price target 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 Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Pekin Hardy Strauss Inc. lifted its holdings in NET Power by 5.4% in the second 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 period. ELCO Management Co. LLC increased its position in shares of NET Power by 13.4% in the second quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock valued at $206,000 after buying an additional 2,474 shares in the last quarter. Palo Duro Investment Partners LP increased its position in shares of NET Power by 4.3% in the fourth 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 in the last quarter. Williams Jones Wealth Management LLC. purchased a new stake in shares of NET Power in the first quarter valued at approximately $128,000. Finally, K2 Principal Fund L.P. purchased a new stake in shares of NET Power in the first quarter valued at approximately $148,000. 53.62% of the stock is owned by institutional investors and hedge funds.

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.