NET Power Inc. logo

NET Power Inc.(NPWR)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.75
11/13/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for NPWR

11/13/2026: NPWR (1-star) is currently NOT-A-BUY. Pass it for now.

NET Power Inc. is an early-stage clean energy company that licenses a proprietary technology designed to generate electricity from natural gas while capturing carbon emissions. Its primary strength lies in this potentially disruptive technology and strong backing from key energy industry partners. The company's main investment story is the transition from a research and development phase to the commercial deployment of its first utility-scale power plant. However, it faces high execution, technological, and competitive risks from established turbine manufacturers. The stock may suit growth-oriented investors with high risk tolerance who are looking for exposure to decarbonization, provided they monitor progress on commercial plant milestones.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers high growth potential linked to decarbonization but carries significant execution risk.
Momentum investorStrong fit while signal remains positiveThe stock can experience significant price movement based on news regarding commercial project milestones.
Value investorWeak fitThe company lacks current earnings or traditional value metrics to support a value-based thesis.
Dividend investorWeak fitNET Power does not pay a dividend and prioritizes capital retention for technology deployment.
Low-risk investorWeak fitThe high volatility and early-stage business profile are not suitable for conservative, risk-averse portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to significant fluctuations based on technical and project-related announcements.
Valuation riskHighWithout commercial revenue, valuation relies heavily on speculative future projections of technology success.
Competition risk (Turbine incumbents)Medium / highEstablished power generation giants possess deep resources and deep-rooted customer trust.
Business qualityMediumThe core business is currently unproven at commercial scale, though it has high strategic potential.
Dividend incomeLow / noneInvestors should expect no dividend income in the foreseeable future.
Execution riskHighThe successful deployment of the Allam-Fetvedt Cycle at a utility scale is a complex and risky engineering task.

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 66.68M USD
Price to earnings Ratio -
1Y Target Price 2.85
Price to earnings Ratio -
1Y Target Price 2.85
Volume (30-day avg) 540.0K shares
Beta 1.27
52 Weeks Range 0.68 - 3.02
Updated Date 11/13/2026
52 Weeks Range 0.68 - 3.02
Updated Date 11/13/2026
Dividends yield (FY) -
Basic EPS (TTM) -6.4

Sector & Industry Intelligence

Sector

Industrials

Constructive
Sentiment
Bullish
Momentum
BUY Breadth Improving
BUY participation
39.5%
Active BUY / eligible
30 / 76
30-Day BUY Count Change
+12
Market state
Bullish

More qualifying stocks are receiving or maintaining BUY advisories, indicating improving market participation.

Industry

Specialty Industrial Machinery

BUY participation
50.0%
Active BUY / eligible
3 / 6
30-Day BUY Count Change
-2

Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 7.06%
Avg. Invested days 25
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/13/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
NPWR receives a 2-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
NPWR has moderate overall fundamentals (3 stars), with moderate financial health, weak growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-1076.1%), soft cash generation (FCF margin 0.0%), negative revenue growth (-100.0%).

Financial Health Rating

★★★★★
NPWR's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
NPWR's growth profile is soft, with the least-weak measure being free-cash-flow growth at -51.7% FY2025 versus FY2024. By comparison, while revenue growth (-100.0%, negative) and earnings growth (-1076.1%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 44.9% and approximately 54.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 47.44% supports management-shareholder alignment.

Top 5 Institutional Investors

Share Andrew L. 11.04%
HITE Hedge Asset Management MLP 3.22%
Adage Capital Partners Gp LLC 3.21%
BlackRock Inc 2.73%
Vanguard Capital Management, LLC 2.04%

Unit Economics (Per $1K Revenue)

★★★★★
NPWR generates approximately $-0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.26%

Quantitative Style Profile

★★★★★
NPWR has a liquid profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

How Company Makes Money

Business areaWhat it includesRetail investor read
Technology LicensingLicense fees from power project developers and utilities using the Allam-Fetvedt technology.The company acts as a technology provider, making money through intellectual property rather than building and owning power plants.

Valuation

Trailing PE -
Forward PE -
Enterprise Value -237.82M
Price to Sales(TTM) 19773.98
Enterprise Value -237.82M
Price to Sales(TTM) 19773.98
Enterprise Value to Revenue 4450.26
Enterprise Value to EBITDA -13.21
Shares Outstanding 88.48M
Shares Floating 48.48M
Shares Outstanding 88.48M
Shares Floating 48.48M
Percent Insiders 47.44
Percent Institutions 44.9

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.