8 Rivers Capital sells $1.4m in Net Power (NASDAQ:NPWR) stock

8 Rivers Capital, a director and 10% owner of Net Power Inc. (NASDAQ:NPWR), recently sold a total of 757,100 shares of the company's Class A Common Stock in mid-August 2026. The sales amounted to around $1.4 million, with prices per share ranging from $1.6192 to $1.9533. This transaction comes after a week of significant stock volatility, with the price surging 28% to $1.95, but the stock still down 22% over the past year.

InvestingPro analysis suggests the stock is trading near its Fair Value, with the company holding a market cap of $364 million. On August 12, 8 Rivers Capital sold 50,000 shares at an average price of $1.6315, followed by an additional 200,000 shares on August 13 at a weighted average price of $1.6192. The largest sale occurred on August 14, when 507,100 shares were sold at a weighted average price of $1.9533.

These shares were indirectly owned by 8 Rivers Capital, LLC through NPEH, LLC, of which 8 Rivers Capital, LLC is the manager and holds approximately 90.9% of the outstanding equity. The company's financial health is weak, with a cash burn rate accelerating, though it currently holds more cash than debt. The latest quarterly earnings report saw a loss of $0.91 per share, significantly above analyst expectations, and the company reported no revenue for the quarter.

NET Power Inc. is transitioning its strategy towards natural gas power generation for large customers, including data centers, as part of its ongoing business model shift. Despite the earnings miss, there have been no recent upgrades or downgrades from analyst firms, leaving investors focused on the company's financial performance and the impact of its strategic changes.