Overview Dividends

(NPWR) NET Power - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US64107A1051

Electricity, Capture, Natural Gas, Emissions

Description: NPWR NET Power October 28, 2025

NET Power Inc. (NYSE:NPWR) is a U.S.-based energy-technology firm that commercializes the “NET Power Cycle,” an Allam-cycle power system that generates electricity from natural gas while capturing > 99% of CO₂ emissions for sequestration or utilization. Founded in 2010 and headquartered in Durham, North Carolina, the company positions itself in the Industrial Machinery & Supplies & Components sub-industry.

Key quantitative signals (as of the latest public filings) include a 50 MW demonstration plant operating in Texas with a capital cost of roughly $1,200/kW, and an announced pipeline to scale to 300 MW-plus projects pending commercial contracts. The primary economic drivers are the rising carbon-price expectations (U.S. federal and state policies targeting $40-$80 per ton CO₂ by 2030) and the growing demand for low-carbon baseload generation to complement intermittent renewables. Sector-wide, the global market for carbon-capture-ready gas turbines is projected to expand at a CAGR of ~7% through 2035, giving NET Power a potential addressable market of > $15 billion.

For a deeper dive into NET Power’s financial metrics, competitive positioning, and scenario-based valuations, the ValueRay platform provides granular data and interactive tools that can help you assess the upside and risks more rigorously.

NPWR Stock Overview

Market Cap in USD 277m
Sub-Industry Industrial Machinery & Supplies & Components
IPO / Inception 2021-08-06

NPWR Stock Ratings

Growth Rating -68.1%
Fundamental 38.4%
Dividend Rating -
Return 12m vs S&P 500 -67.4%
Analyst Rating 4.40 of 5

NPWR Dividends

Currently no dividends paid

NPWR Growth Ratios

Growth Correlation 3m 76.9%
Growth Correlation 12m -54.3%
Growth Correlation 5y -43.4%
CAGR 5y -30.14%
CAGR/Max DD 3y (Calmar Ratio) -0.33
CAGR/Mean DD 3y (Pain Ratio) -0.75
Sharpe Ratio 12m -1.31
Alpha -77.42
Beta 0.783
Volatility 137.88%
Current Volume 1466.2k
Average Volume 20d 1789.4k
Stop Loss 3.1 (-9.6%)
Signal -1.01

Piotroski VR‑10 (Strict, 0-10) 0.0

Net Income (-181.0m TTM) > 0 and > 6% of Revenue (6% = 15.7k TTM)
FCFTA -0.07 (>2.0%) and ΔFCFTA -4.03pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 140.0k% (prev 238.9k%; Δ -98.9kpp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.04 (>3.0%) and CFO -65.8m > Net Income -181.0m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 9.77 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (77.7m) change vs 12m ago 8.07% (target <= -2.0% for YES)
Gross Margin -1150 % (prev -25.2k%; Δ 24.0kpp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 0.01% (prev 0.01%; Δ 0.00pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -7.87 (EBITDA TTM -162.0m / Interest Expense TTM 31.4m) >= 6 (WARN >= 3)

Altman Z'' -4.63

(A) 0.20 = (Total Current Assets 408.5m - Total Current Liabilities 41.8m) / Total Assets 1.79b
(B) -0.15 = Retained Earnings (Balance) -263.5m / Total Assets 1.79b
(C) -0.12 = EBIT TTM -246.9m / Avg Total Assets 2.07b
(D) -4.47 = Book Value of Equity -263.5m / Total Liabilities 59.0m
Total Rating: -4.63 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 38.38

1. Piotroski 0.0pt = -5.0
2. FCF Yield 106.6% = 5.0
3. FCF Margin data missing
4. Debt/Equity 0.01 = 2.50
5. Debt/Ebitda 1.73 = 0.53
6. ROIC - WACC (= -44.95)% = -12.50
7. RoE -27.05% = -2.50
8. Rev. Trend -0.97% = -0.07
9. EPS Trend 8.48% = 0.42

What is the price of NPWR shares?

As of November 08, 2025, the stock is trading at USD 3.43 with a total of 1,466,234 shares traded.
Over the past week, the price has changed by -10.21%, over one month by -2.28%, over three months by +27.04% and over the past year by -62.84%.

Is NET Power a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, NET Power (NYSE:NPWR) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 38.38 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NPWR is around 2.88 USD . This means that NPWR is currently overvalued and has a potential downside of -16.03%.

Is NPWR a buy, sell or hold?

NET Power has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy NPWR.
  • Strong Buy: 4
  • Buy: 0
  • Hold: 0
  • Sell: 1
  • Strong Sell: 0

What are the forecasts/targets for the NPWR price?

Issuer Target Up/Down from current
Wallstreet Target Price 7.3 111.4%
Analysts Target Price 7.3 111.4%
ValueRay Target Price 3.2 -6.1%

NPWR Fundamental Data Overview November 06, 2025

Market Cap USD = 277.3m (277.3m USD * 1.0 USD.USD)
P/S = 23105.277
P/B = 0.3943
Beta = 0.783
Revenue TTM = 262.0k USD
EBIT TTM = -246.9m USD
EBITDA TTM = -162.0m USD
Long Term Debt = 4.23m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.21m USD (from shortTermDebt, last quarter)
Debt = 4.23m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -279.8m USD (from netDebt column, last quarter)
Enterprise Value = -121.9m USD (277.3m + Debt 4.23m - CCE 403.4m)
Interest Coverage Ratio = -7.87 (Ebit TTM -246.9m / Interest Expense TTM 31.4m)
FCF Yield = 106.6% (FCF TTM -130.0m / Enterprise Value -121.9m)
FCF Margin = -49.6k% (FCF TTM -130.0m / Revenue TTM 262.0k)
Net Margin = -69.1k% (Net Income TTM -181.0m / Revenue TTM 262.0k)
Gross Margin = -1150 % ((Revenue TTM 262.0k - Cost of Revenue TTM 3.28m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = -0.07 (set to none) (Enterprise Value -121.9m / Total Assets 1.79b)
Interest Expense / Debt = 741.5% (Interest Expense 31.4m / Debt 4.23m)
Taxrate = 1.94% (-1.62m / -83.7m)
NOPAT = -242.1m (EBIT -246.9m * (1 - 1.94%)) [loss with tax shield]
Current Ratio = 9.77 (Total Current Assets 408.5m / Total Current Liabilities 41.8m)
Debt / Equity = 0.01 (Debt 4.23m / totalStockholderEquity, last quarter 616.2m)
Debt / EBITDA = 1.73 (negative EBITDA) (Net Debt -279.8m / EBITDA -162.0m)
Debt / FCF = 2.15 (negative FCF - burning cash) (Net Debt -279.8m / FCF TTM -130.0m)
Total Stockholder Equity = 669.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -10.11% (Net Income -181.0m / Total Assets 1.79b)
RoE = -27.05% (Net Income TTM -181.0m / Total Stockholder Equity 669.1m)
RoCE = -36.67% (EBIT -246.9m / Capital Employed (Equity 669.1m + L.T.Debt 4.23m))
RoIC = -36.18% (negative operating profit) (NOPAT -242.1m / Invested Capital 669.1m)
WACC = 8.77% (E(277.3m)/V(281.5m) * Re(8.90%) + (debt cost/tax rate unavailable))
Discount Rate = 8.90% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.41%
Fair Price DCF = unknown (Cash Flow -130.0m)
EPS Correlation: 8.48 | EPS CAGR: 32.92% | SUE: 0.42 | # QB: 0
Revenue Correlation: -0.97 | Revenue CAGR: -84.12% | SUE: 0.0 | # QB: 0

Additional Sources for NPWR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle