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

Risk via 10d forecast
Volatility 76.5%
Value at Risk 5%th 110%
Relative Tail Risk -12.47%
Reward TTM
Sharpe Ratio -0.81
Alpha -110.06
Character TTM
Hurst Exponent 0.500
Beta 2.486
Beta Downside 2.545
Drawdowns 3y
Max DD 90.91%
Mean DD 41.29%
Median DD 40.88%

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 209m
Sub-Industry Industrial Machinery & Supplies & Components
IPO / Inception 2021-08-06
Return 12m vs S&P 500 -83.3%
Analyst Rating 4.40 of 5

NPWR Dividends

Currently no dividends paid

NPWR Growth Ratios

Metric Value
CAGR 3y -37.11%
CAGR/Max DD Calmar Ratio -0.41
CAGR/Mean DD Pain Ratio -0.90
Current Volume 1145.2k
Average Volume 1466.2k

Piotroski VR‑10 (Strict, 0-10) 0.0

Net Income (-593.3m TTM) > 0 and > 6% of Revenue (6% = 15.0k TTM)
FCFTA -0.24 (>2.0%) and ΔFCFTA -21.23pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 138.9k% (prev 214.9k%; Δ -75.9kpp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.17 (>3.0%) and CFO -105.9m > Net Income -593.3m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 16.58 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (77.9m) change vs 12m ago 5.91% (target <= -2.0% for YES)
Gross Margin -25.1k% (prev -552.0%; Δ -24.6kpp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 0.02% (prev 0.01%; Δ 0.01pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -44.88 (EBITDA TTM -1.33b / Interest Expense TTM 31.4m) >= 6 (WARN >= 3)

Altman Z'' -21.21

(A) 0.55 = (Total Current Assets 369.6m - Total Current Liabilities 22.3m) / Total Assets 629.9m
(B) -1.07 = Retained Earnings (Balance) -675.0m / Total Assets 629.9m
warn (B) unusual magnitude: -1.07 — check mapping/units
(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
Total Rating: -21.21 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 50.34

1. Piotroski 0.0pt
2. FCF Yield 99.60%
3. FCF Margin data missing
4. Debt/Equity 0.03
5. Debt/Ebitda 0.17
7. RoE -115.6%
8. Rev. Trend 1.62%
9. EPS Trend -45.18%

What is the price of NPWR shares?

As of November 25, 2025, the stock is trading at USD 2.52 with a total of 1,145,209 shares traded.
Over the past week, the price has changed by -9.03%, over one month by -31.15%, over three months by -0.79% and over the past year by -81.04%.

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 8 217.5%
Analysts Target Price 8 217.5%
ValueRay Target Price 2.3 -9.5%

NPWR Fundamental Data Overview November 23, 2025

Market Cap USD = 209.0m (209.0m USD * 1.0 USD.USD)
P/S = 19146.225
P/B = 1.4535
Beta = 0.783
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 = -152.4m USD (209.0m + Debt 4.01m - CCE 365.4m)
Interest Coverage Ratio = -44.88 (Ebit TTM -1.41b / Interest Expense TTM 31.4m)
FCF Yield = 99.60% (FCF TTM -151.8m / Enterprise Value -152.4m)
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 = -9999 % ((Revenue TTM 250.0k - Cost of Revenue TTM 63.1m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = -0.24 (set to none) (Enterprise Value -152.4m / Total Assets 629.9m)
Interest Expense / Debt = 782.0% (Interest Expense 31.4m / Debt 4.01m)
Taxrate = 0.10% (-1.18m / -1.16b)
NOPAT = -1.41b (EBIT -1.41b * (1 - 0.10%)) [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 = -94.19% (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 = -274.2% (out of range, set to none) (NOPAT -1.41b / Invested Capital 513.2m)
WACC = 14.89% (E(209.0m)/V(213.0m) * Re(15.18%) + (debt cost/tax rate unavailable))
Discount Rate = 15.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 327.2%
Fair Price DCF = unknown (Cash Flow -151.8m)
EPS Correlation: -45.18 | EPS CAGR: -82.80% | SUE: -4.0 | # QB: 0
Revenue Correlation: 1.62 | Revenue CAGR: -66.95% | 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