The cluster is modest in size relative to market cap and involves only 10% owners, not C-suite executives. The sales are likely liquidity-driven following the earnings release. Monitor for any additional insider selling in the next 2-4 weeks, particularly from C-suite insiders, which would carry more bearish weight. The stock's recent volatility (T+20 alpha +21.78% on a prior short call) suggests the market may be reacting to other catalysts.
Price Chart
Executive Summary
Two 10% owners (8 Rivers Capital, LLC and NPEH, LLC) sold a combined 870,000 shares of NPWR for ~$2.12M in open-market sales on May 12-13, 2026, just one day after the company reported Q1 2026 earnings. The cluster represents ~0.39% of NPWR's $542M market cap, a modest but notable amount. The timing immediately following an earnings release and the coordinated nature of the sales suggest a liquidity or portfolio rebalancing motive rather than a bearish signal, but the proximity to earnings warrants attention.
Key Financial Metrics
Key Facts
- Two 10% owners (8 Rivers Capital, LLC and NPEH, LLC) sold a combined 870,000 shares in open-market transactions on May 12-13, 2026.
- Total sale value: ~$2.12M, representing ~0.39% of NPWR's $542M market cap.
- Sales occurred one day after NPWR's Q1 2026 earnings release (May 11, 2026).
- No C-suite insiders participated in the cluster; all sellers are 10% owners.
- Prior 30-day insider activity: 4 sells totaling $2.1M, indicating ongoing selling pattern.
Financial Impact
Total insider sales of ~$2.12M, or ~0.39% of market cap.
Risk Factors
- Continued insider selling could signal lack of confidence in near-term prospects.
- The cluster follows a pattern of consistent insider sales over the past 30 days ($2.1M prior).
- NPWR is a pre-revenue or early-stage company (emerging growth status), making it more sensitive to insider sentiment.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NPWR-1778796087188 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 20d ago | 8-K | $1.80 $1.79 | ▲ +0.56% | ▲ +0.66% | $1.40 (+21.99%) |
Sep 10, 2026 21d ago | Insider Cluster | $1.91 $1.83 | ▼ −4.19% | ▼ −3.97% | $1.40 (−26.48%) |
Aug 27, 2026 5w ago | Insider Cluster | $1.83 $1.93 | ▼ −5.46% | ▼ −5.36% | $1.40 (+23.27%) |
Aug 27, 2026 5w ago | Insider Cluster | $1.83 $1.93 | ▲ +5.46% | ▲ +5.36% | $1.40 (−23.27%) |
Aug 14, 2026 6w ago | Insider Cluster | $1.73 $1.99 | ▼ −15.03% | ▼ −16.22% | $1.40 (+18.83%) |
Aug 11, 2026 7w ago | Insider Cluster | $1.63 $1.67 | ▲ +2.45% | ▲ +2.90% | $1.40 (−13.85%) |
Aug 6, 2026 8w ago | Insider Cluster | $1.52 $1.95 | ▼ −28.29% | ▼ −27.89% | $1.40 (+7.62%) |
Jul 30, 2026 9w ago | Insider Cluster | $1.43 $1.52 | ▲ +6.29% | ▲ +2.78% | $1.40 (−1.80%) |
Jul 23, 2026 10w ago | Insider Cluster | $1.41 $1.47 | ▲ +4.26% | ▲ +3.88% | $1.40 (−0.41%) |
May 12, 2026 20w ago | Insider Cluster | $2.48 $1.82 | ▼ −26.61% | ▼ −26.01% | $1.40 (−43.38%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access