Eos Energy stock falls after Fuzzy Panda issues short report
8 Rivers Capital, a ten percent owner of NET Power Inc. (NYSE:NPWR), has sold 519,983 shares of Class A Common Stock for approximately $1.92 million, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $802 million, has seen its stock price decline over 60% in the past year, though InvestingPro data shows a strong 107% recovery over the past six months. The sales occurred in multiple transactions between October 23 and October 27, at prices ranging from $3.6901 to $3.7662.
The filing reveals that on October 23, 284,100 shares were sold at a weighted average price of $3.6901. These shares were sold in multiple trades at prices ranging from $3.33 to $4.05. On October 24, 32,583 shares were sold at a weighted average price of $3.7039, in a range between $3.70 and $3.725. Finally, on October 27, 200,000 shares were sold at a weighted average price of $3.7662, with prices ranging from $3.705 to $3.85. These transactions occurred as the stock trades significantly below its 52-week high of $14.28.
The shares are indirectly owned by 8 Rivers Capital through NPEH, LLC. Damian R. Beauchamp and Cynda Beauchamp each independently indirectly own approximately 34.2% of 8 Rivers.
Following these transactions, NPEH, LLC still owns 2,767,417 shares of NET Power Inc.
In other recent news, NET Power Inc. reported its second-quarter 2025 earnings, which fell short of analyst expectations. The company announced an earnings per share (EPS) of -$0.36, significantly missing the anticipated EPS of -$0.1156. This represents a notable earnings surprise of 211.42%. Despite the earnings miss, the company’s stock experienced an after-hours trading increase, suggesting complex investor sentiment. The reaction might be influenced by the company’s strategic initiatives and future outlook. There were no updates regarding any mergers or acquisitions involving NET Power Inc. Additionally, there were no analyst upgrades or downgrades reported for the company at this time.
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