NET Power Inc. (NYSE:NPWR) Major Shareholder Npeh, Llc Sells 60,022 Shares

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 60,022 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $7.60, for a total value of $456,167.20. Following the completion of the transaction, the insider now directly owns 129,307 shares in the company, valued at $982,733.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Npeh, Llc also recently made the following trade(s):

• On Wednesday, September 11th, Npeh, Llc sold 21,155 shares of NET Power stock. The stock was sold at an average price of $7.28, for a total value of $154,008.40.
• On Friday, September 6th, Npeh, Llc sold 66,825 shares of NET Power stock. The shares were sold at an average price of $7.88, for a total value of $526,581.00.
• On Wednesday, September 4th, Npeh, Llc sold 83,325 shares of NET Power stock. The stock was sold at an average price of $8.10, for a total value of $674,932.50.

NET Power Stock Up 2.3 %

NYSE:NPWR opened at $7.11 on Thursday. The company has a 50 day simple moving average of $8.73 and a two-hundred day simple moving average of $9.72. NET Power Inc. has a 12 month low of $6.57 and a 12 month high of $17.62.

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

Institutional Investors Weigh In On NET Power

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in NET Power by 65.1% during the first 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 during the period. SIR Capital Management L.P. bought a new position in NET Power in the second quarter worth approximately $971,000. Berylson Capital Partners LLC purchased a new position in shares of NET Power during the 4th quarter worth $1,303,000. Swiss National Bank bought a new stake in shares of NET Power during the 4th quarter valued at $275,000. Finally, Greenlight Capital Inc. increased its stake in shares of NET Power by 5.5% in the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock worth $30,220,000 after purchasing an additional 155,000 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price target on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th.

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.