NPEH, LLC - listed as a ten percent owner of NET Power Inc. (NYSE: NPWR) - reported the sale of 295,220 shares of Class A Common Stock for approximately $699,926, according to a Form 4 filing with the Securities and Exchange Commission.
The block of shares was sold in three separate transactions executed between January 26 and January 28, 2026. Detailed transaction data in the filing show the following:
- January 26, 2026 - 130,000 shares sold at a weighted average price of $2.3549, with execution prices ranging from $2.345 to $2.385.
- January 27, 2026 - 100,000 shares sold at an average price of $2.3837, with individual trade prices between $2.35 and $2.41.
- January 28, 2026 - 65,220 shares sold at an average price of $2.383, with trade prices ranging from $2.35 to $2.42.
Following these dispositions, NPEH, LLC now holds 1,254,780 shares of NET Power directly.
The sales coincide with downward pressure on NET Power's stock. InvestingPro data cited in the filing shows NPWR shares have fallen 9.65% over the past week and 71.5% over the last year.
Financial metrics included in the available company analysis portray a mixed liquidity picture. NET Power is described as holding more cash than debt and posts a current ratio of 16.58, indicating short-term liquidity. At the same time, the company’s overall financial health score is classified as "weak."
Operational and earnings indicators referenced in the filing further underscore the company’s challenges. NET Power reported a third-quarter 2025 earnings per share loss of $5.28, well below the forecasted -$0.13. Alongside that result, the company announced a strategic shift to post-combustion carbon capture technology, framing the move as part of a long-term growth strategy in the clean energy sector.
Analyst commentary reflected in the information provided also flags cash burn as a material concern. Despite the current market price trading below InvestingPro’s Fair Value estimate, the filing notes that the business is rapidly consuming cash and that analysts do not expect NET Power to be profitable this year.
These developments - an insider sale by a significant holder, a sharp share price decline, a substantial quarterly loss and a strategic pivot - will likely remain focal points for investors and analysts monitoring NET Power’s execution and capital strategy going forward.
Summary - NPEH, LLC sold 295,220 NET Power Class A shares for about $699,926 across three trades between January 26-28, 2026, reducing its direct holdings to 1,254,780 shares. The transactions come as NPWR shares have declined sharply year-over-year and following a large quarterly EPS loss. NET Power retains strong short-term liquidity measures but is rated as having a weak overall financial health score, while management has signaled a strategic pivot to post-combustion carbon capture.
Key points
- Insider selling: NPEH, LLC disposed of 295,220 shares in three trades from January 26-28, 2026, per an SEC Form 4.
- Share performance and earnings: NPWR shares are down 9.65% over the past week and 71.5% over the past year; Q3 2025 EPS was a loss of $5.28 versus a forecast of -$0.13.
- Sectors impacted: energy and clean energy markets are directly affected by the company's strategic pivot and financial outlook.
Risks and uncertainties
- Rapid cash consumption - the company is burning through cash quickly, which could pressure operations and financing needs in the energy sector.
- Profitability timeline - analysts do not expect NET Power to reach profitability this year, creating earnings uncertainty relevant to investors and credit markets.
- Weak financial health score - despite a strong current ratio and more cash than debt, the overall financial health assessment is weak, which may influence investor confidence in the clean energy transition strategy.