NET Power Inc.

NYSE:NPWR Stock Report

Market Cap: US$370.9m

NET Power Management

Management criteria checks 3/4

NET Power's CEO is Danny Rice, appointed in Jun 2023, has a tenure of 3.08 years. directly owns 3.17% of the company’s shares, worth $11.74M. The average tenure of the management team and the board of directors is 1.5 years and 3.1 years respectively.

Key information

Danny Rice

Chief executive officer

US$43.2k

Total compensation

CEO salary percentagen/a
CEO tenure3.1yrs
CEO ownership3.2%
Management average tenure1.5yrs
Board average tenure3.1yrs

Recent management updates

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

CEO

Danny Rice (46 yo)

3.1yrs
Tenure
US$43,234
Compensation

Mr. Daniel Joseph Rice, IV, also known as Danny, is Chief Executive Officer of Net Power of Rice Acquisition Corporation 3. Mr. Rice is Member of Advisory Board at LandGate Corp. He is CEO & Director of NE...

Leadership Team

NamePositionTenureCompensationOwnership
Daniel Rice
CEO & Director3.1yrsUS$43.23k3.17%
$ 11.7m
Marc Horstman
President & COO1.3yrsUS$1.62m0.016%
$ 60.5k
Ned Shuman
Chief Financial Officerless than a yearno data0.60%
$ 2.2m
Caleb Van Dolah
Controller & Principal Accounting Officer2.2yrsno datano data
Scott Martin
Chief Technology Officer1.5yrsno datano data
Bryce Mendes
Director of Investor Relationsno datano datano data
Ron Rucker
General Counselless than a yearno datano data
Amy Keyser
Chief Human Resources Officer2.7yrsno datano data
Xijia Lu
Chief Innovation Officer1.5yrsno datano data
Bruce Jenkins
Chief of Staff1.3yrsno datano data
1.5yrs
Average Tenure
48.5yo
Average Age

Experienced Management: NPWR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Daniel Rice
CEO & Director3.1yrsUS$43.23k3.17%
$ 11.7m
Peter Bennett
Independent Chairman of Board3.1yrsno datano data
Joseph Kelliher
Independent Director3.1yrsUS$314.50k0.029%
$ 106.7k
Ralph Alexander
Independent Director3.1yrsUS$295.00k0%
$ 0
Carol Peterson
Independent Director3.1yrsUS$226.00k0%
$ 0
J. Derham
Independent Director3.1yrsno data0.57%
$ 2.1m
A. Veltmann
Independent Director3.1yrsUS$297.50kno data
Frederick Forthuber
Independent Director3.1yrsno datano data
Brad Pollack
Independent Director3.1yrsno datano data
3.1yrs
Average Tenure
58yo
Average Age

Experienced Board: NPWR's board of directors are considered experienced (3.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 20:21
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
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

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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.