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NET Power Inc.NYSE:NPWR Stock Report

Market Cap US$495.0m
Share Price
US$2.00
US$6.63
69.8% undervalued intrinsic discount
1Y4.1%
7D7.3%
Portfolio Value
​
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NET Power Inc.

NYSE:NPWR Stock Report

Market Cap: US$495.0m

NET Power (NPWR) Stock Overview

Operates as an energy technology company in the United States. More details

NPWR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Risk Analysis

Earnings have declined by 56.8% per year over past 5 years

Makes less than USD$1m in revenue ($0)


NPWR Community Fair Values

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NET Power Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for NET Power
Historical stock prices
Current Share PriceUS$2.05
52 Week HighUS$5.20
52 Week LowUS$1.46
Beta1.03
1 Month Change34.87%
3 Month Change-4.21%
1 Year Change4.06%
3 Year Change-80.12%
5 Year Changen/a
Change since IPO-79.19%

Recent News & Updates

Seeking Alpha • Apr 20

NET Power: The Journey Continues

Summary NET Power remains a high-risk, development-stage company with $379 million in cash. NPWR’s stock reflects market skepticism.  But partnerships with Baker Hughes and Occidental Petroleum offer some validation. The investment thesis is akin to a lottery ticket.  There is potential for outsized returns if successful. But there remains a high probability of total loss. Patience and risk management are essential. The company is still far from proving its concept or achieving operational viability. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 20

NET Power: The Journey Continues

Summary NET Power remains a high-risk, development-stage company with $379 million in cash. NPWR’s stock reflects market skepticism.  But partnerships with Baker Hughes and Occidental Petroleum offer some validation. The investment thesis is akin to a lottery ticket.  There is potential for outsized returns if successful. But there remains a high probability of total loss. Patience and risk management are essential. The company is still far from proving its concept or achieving operational viability. Read the full article on Seeking Alpha
Analysis Article • Mar 11

We're Hopeful That NET Power (NYSE:NPWR) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Seeking Alpha • Mar 04

NET Power: Small Bet For A Massive Payoff

Summary NET Power is poised to benefit from rising energy demand and renewable energy, with its Net Power Cycle capturing nearly all emissions from natural gas. NPWR's asset-light model, backed by major energy conglomerates, offers high margins and immense revenue potential, with shares currently near a 52-week low. Financially solid with no debt, NPWR's growth plan includes expanding through the US, leveraging tax credits, and targeting a $76 billion market cap by 2030. Despite competition from proven renewable sources, NPWR's innovative technology and strategic partnerships position it as a strong buy with over 20% annual ROI potential. Read the full article on Seeking Alpha
Seeking Alpha • Dec 18

NET Power's Path To Multi-Billion Dollar Valuation: A Long-Term Buy For Risk-Tolerant Investors

Summary NET Power's near zero-emission natural gas technology offers reliable electricity generation without the need for battery storage, positioning it as a key player in meeting rising electricity demand. The company's technology captures 97% of CO2 emissions, providing a cost-effective and faster-to-deploy alternative to nuclear power for low-carbon electricity generation. Strong partnerships with Baker Hughes and Occidental Petroleum, along with a robust balance sheet, support Net Power's commercialization efforts and long-term growth potential. Despite execution and liquidity risks, NET Power's innovative technology and market potential make its shares a "Buy" for investors with a higher risk appetite and long-term outlook. Read the full article on Seeking Alpha
Analysis Article • Nov 19

NET Power's (NYSE:NPWR) Earnings Are Weaker Than They Seem

NET Power Inc.'s ( NYSE:NPWR ) stock was strong after they recently reported robust earnings. We did some analysis and...
Seeking Alpha • Nov 14

Net Power: A Safer Bet Than New Nuclear For Electricity Generation

Summary NPWR's near-zero emission natural gas technology, patent-protected and cost-effective, is set to reach commercial scale by 2027, offering a strong investment opportunity. The technology uses the Allam-Fetveedt Cycle, producing electricity with minimal emissions and leveraging CO2 for enhanced oil recovery or permanent storage. NPWR's competitive edge lies in its lower emissions, cost efficiency, and modular plant design, making it superior to renewables, new nuclear, and existing gas technologies. Despite being pre-revenue, NPWR's solid balance sheet, strategic partnerships, and experienced management team position it well for future growth and market disruption. Read the full article on Seeking Alpha
Seeking Alpha • Aug 19

NET Power: The Risky Bet On New Energy Technology

Summary With the thermal power generation plant prevailing, the Allam Power Cycle may be the best solution for efficiency and CO2 capturing. The company conducted demonstration tests and on its way to build the utility-scale plant. The alternative valuation technique suggests that the company is undervalued now. Read the full article on Seeking Alpha
Seeking Alpha • May 13

Net Power: Development Continues

Summary NET Power Inc. is a development stage company with impressive industry partners and enough cash to reach cash flow, mitigating its high risk. The Rice brothers, known for building and selling companies successfully, are involved in the venture, reducing risk for potential investors. NET Power's technology has the potential to generate clean power while producing carbon dioxide for oil recovery, attracting interest from major players in the industry. The technology is now in various stages of testing for scalability. A substantial part of the balance sheet assets are goodwill and intangible assets. Read the full article on Seeking Alpha
Seeking Alpha • Jan 07

NET Power: Impressive Compounding Potential For Very Patient Investors

Summary NET Power owns the IP for the only cost-effective natural gas power plant design that does not emit CO2, making it a valuable player in the industry. NET Power is an high-risk investment with no real sales or profits, but consensus estimates suggest potential for over 20% annual compound growth for the next 20 years. In addition to execution risk, the company is exposed to natural gas prices, regulatory risk, potentially disruptive innovation, and numerous other risks. Read the full article on Seeking Alpha
Seeking Alpha • Nov 06

NET Power: The Future Is Now

Summary NET Power Inc. has a test power plant running that uses carbon dioxide to generate electricity while providing a way to permanently store carbon dioxide. The incoming CEO is related to the successful Rice Brothers who have a history of making money for shareholders. The company has taken steps to de-risk its business, including getting established names in the industry to invest and support the project. This issue is for investors who can withstand the possible entire loss of principal as the company is years away from being a going concern. Part of the profitability picture is dependent upon tax credits.  A change in politics could eliminate that advantage. Read the full article on Seeking Alpha
Seeking Alpha • Aug 25

NET Power: Winners Win And Are Always Worth The Risk

Summary NET Power has some high-profile investors. It is a Natural Gas dream team. The company offers a low-cost, clean, and reliable replacement for aging coal and natural gas-fired electricity stations. NET Power's technology will generate unprecedented demand due to regulatory restrictions on emissions. Read the full article on Seeking Alpha

Shareholder Returns

NPWRUS ElectricalUS Market
7D7.3%-0.5%2.1%
1Y4.1%102.5%30.6%

Return vs Industry: NPWR underperformed the US Electrical industry which returned 117.7% over the past year.

Return vs Market: NPWR underperformed the US Market which returned 31% over the past year.

Price Volatility

Is NPWR's price volatile compared to industry and market?
NPWR volatility
NPWR Average Weekly Movement8.7%
Electrical Industry Average Movement11.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: NPWR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NPWR's weekly volatility has decreased from 15% to 9% over the past year.

About the Company

FoundedEmployeesCEOWebsite
201054Danny Ricewww.netpower.com

NET Power Inc. operates as an energy technology company in the United States. Its technology includes oxy-combustion cycle, a power generation system designed to produce electricity from natural gas while capturing atmospheric emissions. The company was founded in 2010 and is headquartered in Durham, North Carolina.

NET Power Inc. Fundamentals Summary

How do NET Power's earnings and revenue compare to its market cap?
NPWR fundamental statistics
Market capUS$495.00m
Earnings (TTM)-US$578.63m
Revenue (TTM)n/a
0.0x
P/S Ratio
-0.3x
P/E Ratio

Is NPWR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NPWR income statement (TTM)
RevenueUS$0
Cost of RevenueUS$72.38m
Gross Profit-US$72.38m
Other ExpensesUS$506.25m
Earnings-US$578.63m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 11, 2026

Earnings per share (EPS)-6.55
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did NPWR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 02:54
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NET Power Inc. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wei JiangBarclays
Thomas Sellers MericBrean Capital Historical (Janney Montgomery)
Wade SukiCapital One Securities, Inc.