NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 1,764 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $7.00, for a total transaction of $12,348.00. Following the sale, the insider now owns 71,310 shares in the company, valued at approximately $499,170. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases 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 transaction of $188,482.00.
- On Wednesday, September 18th, 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock. The shares were sold at an average price of $7.02, for a total transaction of $562,456.44.
NET Power Price Performance
Shares of NPWR stock opened at $7.15 on Wednesday. The company's fifty day simple moving average is $8.29 and its 200-day simple moving average is $9.66. NET Power Inc. has a 12 month low of $6.57 and a 12 month high of $15.87.
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NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.24 million for the quarter. As a group, sell-side analysts forecast that NET Power Inc. will post -0.4 EPS for the current year.
Institutional Investors Weigh In On NET Power
Several institutional investors and hedge funds have recently bought and sold shares of NPWR. Williams Jones Wealth Management LLC. bought a new position in shares of NET Power in the first quarter worth about $128,000. XTX Topco Ltd bought a new position in shares of NET Power in the 2nd quarter worth $133,000. B. Riley Wealth Advisors Inc. bought a new position in shares of NET Power in the 2nd quarter worth $136,000. K2 Principal Fund L.P. bought a new position in NET Power during the 1st quarter valued at $148,000. Finally, Neuberger Berman Group LLC bought a new position in NET Power during the 4th quarter valued at $163,000. Institutional investors own 53.62% of the company's stock.
Wall Street Analyst Weigh In
NPWR has been the subject of a number of analyst reports. Citigroup reduced their price objective 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 lowered their price objective 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.
Read Our Latest Stock Report on NPWR
NET Power Company Profile
(
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.
Further Reading
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