NET POWER INC CLASS A (NPWR)
Industrials · Clean gas power generation with carbon capture · NYSE
NET Power develops modular clean gas power plants combining natural gas turbines with licensed carbon capture technology to deliver low-cost, firm power with emissions mitigation.
What NET POWER INC CLASS A does
NET Power Inc. is an energy technology and project development company focused on delivering low-carbon gas power solutions. The company historically developed an oxy-combustion power generation system designed to produce electricity from natural gas while capturing CO2, but has pivoted its strategy to develop clean gas power plants using natural gas turbines paired with post-combustion carbon capture (PCC) technology licensed from Entropy Inc. The company designs, develops, builds, owns and operates these clean gas power plants to generate and monetize electricity, captured CO2, and environmental attributes.
Themes: ["Clean energy / decarbonization","Natural gas power generation with carbon capture","Low-carbon power solutions","Post-combustion carbon capture (PCC)","Firm power generation","Modular power plant technology"]
Fundamentals
- Price$1.67 as of 2026-07-09 close
- Market cap$375M as of 2026-07-10
- 1-year return-49.4% as of 2026-07-09 close
- Net margin-1380.0% as of 2026-07-10
- Gross margin+87.6% as of 2026-07-10
- ROE-160.5% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Beta1.07 as of 2026-07-10
Key risks (from latest filing)
["Capital-intensive business model requiring substantial additional financing; company is currently unprofitable with negative operating margins and relies on future fundraising to deploy projects","Technology commercialization risk: company's ability to successfully develop, deploy, and operate its Clean Gas Product at scale, achieve targeted timelines for Project Permian (FID Q3 2026, commercial operations early 2029), and compete economically against alternative low-carbon power solutions","Dependence on third-party technology licensing: exclusive reliance on Entropy Inc.'s PCC technology and the company's ability to successfully negotiate definitive agreements and integrate the licensed technology into commercial power plants; volatility from regulatory, permitting, and site-selection challenges"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.