NET Power Inc. (NPWR) Stock

NET Power Inc. (NPWR) is a Industrials stock trading at $1.67 (as of 2026-08-20), with a market capitalization of $147.64M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NET Power Inc. is a technology company focused on clean power generation. It invents, develops, and licenses its power generation technologies and was founded in 2010 with headquarters in Durham, North Carolina.

Understand NET Power Inc.: how it makes money

NET Power Inc. invents, develops, and licenses clean power generation technology, and it makes money by monetizing that technology through licensing.

NET Power's profit engine is tied to how effectively its clean power generation technology can be developed and then licensed, since the company operates by inventing, developing, and licensing the technology rather than being described as generating and selling power as a core business line.

Business quality (Weak): Clear business description and a set of technology and project performance KPIs are provided, but there is no official reportable segment breakdown or segment revenue data in the provided facts.

Bull case

  • Carbon capture performance reported as strong: The provided KPI, Carbon Capture Rate Lower Bound, is 90 percent.
  • Operational activity indicated by runtime KPI: The provided KPI, Fired Hours of Operation, is 140 count, suggesting measurable operating time during the period referenced in the dataset.

Bear case

  • Material operating losses in the latest provided quarter: The provided operating margin for 2024-09-30 is -393708.3 percent.
  • Limited monetization visibility in the provided financial snapshot: The provided revenue for 2024-09-30 is 0.0B in the dataset, and there is no segment revenue breakdown provided to show where licensing dollars (if any) are coming from.
Valuation — source: SEC EDGAR (first-party)
Price$1.67
Market Cap$147.64M
Price / Book1.77
FCF Yield-112.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$0.00
Revenue Growth (YoY)-100.0%
EPS Growth (YoY)995.5%
FCF Growth (YoY)53.5%
Financial Health — source: SEC EDGAR
Altman Z-Score-10.69 (distress)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderGREENLIGHT CAPITAL INC ($30.22M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEODaniel Joseph Rice
Employees68
CountryUS
IPO Date2021-08-06

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NPWR earnings history · NPWR institutional & insider holders · NPWR KPIs & operating metrics · NPWR financials · NPWR investor presentations & press releases · NPWR SEC filings · NPWR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.