(NPWR) NET Power - Overview
Stock: Power, Generation, Technology, Emissions
| Risk 5d forecast | |
|---|---|
| Volatility | 74.4% |
| Relative Tail Risk | -10.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.64 |
| Alpha | -108.85 |
| Character TTM | |
|---|---|
| Beta | 2.553 |
| Beta Downside | 2.714 |
| Drawdowns 3y | |
|---|---|
| Max DD | 90.91% |
| CAGR/Max DD | -0.45 |
Description: NPWR NET Power December 31, 2025
NET Power Inc. (NYSE:NPWR) is a U.S.-based energy-technology firm that commercializes the “NET Power Cycle,” a natural-gas-fired turbine that integrates oxy-combustion to capture > 99% of CO₂ emissions at the point of generation, positioning the company within the emerging low-carbon power-generation niche.
Founded in 2010 and headquartered in Durham, North Carolina, the company is classified under the GICS sub-industry “Industrial Machinery & Supplies & Components,” reflecting its focus on hardware-intensive, capital-intensive projects rather than software or services.
Key market drivers include: (1) tightening U.S. and EU carbon-pricing regimes, which raise the economic upside of carbon-capture solutions; (2) the projected 2.5%-3% annual growth in U.S. natural-gas-based electricity generation through 2030, providing a sizable addressable market; and (3) increasing investor demand for “green-hydrogen” pathways, for which the NET Power Cycle can serve as a low-carbon baseload source.
Recent performance indicators (as of Q2 2024) show the company has secured ≈ $120 million in non-dilutive project financing and is targeting a pilot plant capacity of 250 MW by 2026, a scale that would move the technology from demonstration to commercial-ready status.
Given the high capital intensity and early-stage commercial rollout, the primary risk is execution risk-specifically, the ability to meet cost-per-MW targets versus conventional combined-cycle plants, which currently average $1,000/kW.
For a deeper dive into how NET Power’s valuation compares to peers and the broader carbon-capture market, a quick look at ValueRay’s analyst toolkit can help surface the most relevant metrics.
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income: -593.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.24 > 0.02 and ΔFCF/TA -21.23 > 1.0 |
| NWC/Revenue: 138.9k% < 20% (prev 214.9k%; Δ -75.9k% < -1%) |
| CFO/TA -0.17 > 3% & CFO -105.9m > Net Income -593.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 16.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.9m) vs 12m ago 5.91% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.02% > 50% (prev 0.01%; Δ 0.01% > 0%) |
| Interest Coverage Ratio: -44.88 > 6 (EBITDA TTM -1.33b / Interest Expense TTM 31.4m) |
Altman Z'' -15.00
| A: 0.55 (Total Current Assets 369.6m - Total Current Liabilities 22.3m) / Total Assets 629.9m |
| B: -1.07 (Retained Earnings -675.0m / Total Assets 629.9m) |
| C: -0.95 (EBIT TTM -1.41b / Avg Total Assets 1.48b) |
| D: -14.24 (Book Value of Equity -674.9m / Total Liabilities 47.4m) |
| Altman-Z'' Score: -21.21 = D |
Beneish M -4.00
| DSRI: 0.62 (Receivables 1.47m/2.36m, Revenue 250.0k/250.0k) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.55 (AQ_t 0.39 / AQ_t-1 0.70) |
| SGI: 1.0 (Revenue 250.0k / 250.0k) |
| TATA: -0.77 (NI -593.3m - CFO -105.9m) / TA 629.9m) |
| Beneish M-Score: -4.40 (Cap -4..+1) = AAA |
What is the price of NPWR shares?
Over the past week, the price has changed by -9.70%, over one month by -21.61%, over three months by -35.74% and over the past year by -75.12%.
Is NPWR a buy, sell or hold?
- StrongBuy: 4
- Buy: 0
- Hold: 0
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the NPWR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8 | 273.8% |
| Analysts Target Price | 8 | 273.8% |
| ValueRay Target Price | 1.8 | -15.9% |
NPWR Fundamental Data Overview February 02, 2026
P/B = 1.401
Revenue TTM = 250.0k USD
EBIT TTM = -1.41b USD
EBITDA TTM = -1.33b USD
Long Term Debt = 4.01m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.24m USD (from shortTermDebt, last quarter)
Debt = 4.01m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -225.3m USD (from netDebt column, last quarter)
Enterprise Value = -162.5m USD (198.9m + Debt 4.01m - CCE 365.4m)
Interest Coverage Ratio = -44.88 (Ebit TTM -1.41b / Interest Expense TTM 31.4m)
EV/FCF = 1.07x (Enterprise Value -162.5m / FCF TTM -151.8m)
FCF Yield = 93.43% (FCF TTM -151.8m / Enterprise Value -162.5m)
FCF Margin = -60.7k% (FCF TTM -151.8m / Revenue TTM 250.0k)
Net Margin = -237.3k% (Net Income TTM -593.3m / Revenue TTM 250.0k)
Gross Margin = unknown ((Revenue TTM 250.0k - Cost of Revenue TTM 63.1m) / Revenue TTM)
Tobins Q-Ratio = -0.26 (set to none) (Enterprise Value -162.5m / Total Assets 629.9m)
Interest Expense / Debt = 782.0% (Interest Expense 31.4m / Debt 4.01m)
Taxrate = 21.0% (US default 21%)
NOPAT = -1.11b (EBIT -1.41b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 16.58 (Total Current Assets 369.6m / Total Current Liabilities 22.3m)
Debt / Equity = 0.03 (Debt 4.01m / totalStockholderEquity, last quarter 143.8m)
Debt / EBITDA = 0.17 (negative EBITDA) (Net Debt -225.3m / EBITDA -1.33b)
Debt / FCF = 1.48 (negative FCF - burning cash) (Net Debt -225.3m / FCF TTM -151.8m)
Total Stockholder Equity = 513.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -40.00% (Net Income -593.3m / Total Assets 629.9m)
RoE = -115.6% (Net Income TTM -593.3m / Total Stockholder Equity 513.2m)
RoCE = -272.4% (out of range, set to none) (EBIT -1.41b / Capital Employed (Equity 513.2m + L.T.Debt 4.01m))
RoIC = -216.8% (out of range, set to none) (NOPAT -1.11b / Invested Capital 513.2m)
WACC = 15.02% (E(198.9m)/V(202.9m) * Re(15.32%) + (debt cost/tax rate unavailable))
Discount Rate = 15.32% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.53%
Fair Price DCF = unknown (Cash Flow -151.8m)
EPS Correlation: -46.28 | EPS CAGR: -1.87% | SUE: 0.06 | # QB: 0
Revenue Correlation: -54.46 | Revenue CAGR: -74.99% | SUE: 0.0 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.08 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.32 | Chg30d=+0.197 | Revisions Net=+2 | Growth EPS=+84.5% | Growth Revenue=+0.0%