8 Rivers Capital, Llc Sells 431,009 Shares of NET Power Inc. (NYSE:NPWR) Stock

Posted by Trina Covell on Nov 28th, 2024

NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder 8 Rivers Capital, Llc sold 431,009 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.76, for a total transaction of $5,499,674.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 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, November 20th, 8 Rivers Capital, Llc sold 320,371 shares of NET Power stock. The shares were sold at an average price of $12.60, for a total value of $4,036,674.60.
On Wednesday, October 16th, 8 Rivers Capital, Llc sold 517,618 shares of NET Power stock. The stock was sold at an average price of $7.12, for a total value of $3,685,440.16.
On Monday, October 7th, 8 Rivers Capital, Llc sold 8,871 shares of NET Power stock. The shares were sold at an average price of $7.01, for a total value 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 shares were sold at an average price of $7.07, for a total transaction 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 transaction of $12,348.00.
On Friday, September 20th, 8 Rivers Capital, Llc sold 26,926 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total transaction 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 transaction of $562,456.44.

NET Power Stock Performance

Shares of NPWR stock opened at $12.99 on Thursday. The company’s 50-day simple moving average is $9.03 and its two-hundred day simple moving average is $9.22. NET Power Inc. has a one year low of $6.57 and a one year high of $14.28.

NET Power (NYSE:NPWR – Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.17. During the same period in the previous year, the company earned ($0.44) EPS. On average, analysts anticipate that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NPWR shares. US Capital Advisors upgraded NET Power to a “strong-buy” rating in a report on Monday, October 28th. Citigroup cut their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, Barclays decreased their target price on 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.

Check Out Our Latest Stock Analysis on NET Power

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in NET Power during the 3rd quarter worth about $82,000. MetLife Investment Management LLC lifted its position in shares of NET Power by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company’s stock worth $91,000 after purchasing an additional 7,281 shares during the period. XTX Topco Ltd bought a new position in shares of NET Power during the second quarter valued at approximately $133,000. B. Riley Wealth Advisors Inc. bought a new position in shares of NET Power during the second quarter valued at approximately $136,000. Finally, Quest Partners LLC purchased a new position in NET Power during the third quarter valued at approximately $153,000. 53.62% of the stock is currently owned by institutional investors.

About NET Power

(Get Free Report)

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.