NET Power Inc. (NPWR) Stock Score, Valuation & Financial Research

NET Power Inc. is in the Industrials sector and Industrial - Machinery industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for NPWR

NET Power Inc. does not currently have a complete Wall Street Score. The stored market price is USD 1.24. These figures are a research snapshot, not a buy or sell recommendation.

What NET Power Inc. does

NET Power Inc. functions as a pioneering firm in the realm of sustainable energy solutions. Its core business involves the conceptualization, refinement, and commercialization (via licensing) of innovative technologies designed for generating eco-friendly power. This enterprise, which commenced operations in 2010, maintains its principal offices in Durham, North Carolina.

Company business and revenue

Research reporting period: 2025-12-31. A research update is not a new financial filing.

How the company makes money

Net Power is an energy technology and project development company that generates revenue through the development and deployment of clean gas power solutions. The company's business model involves licensing its proprietary oxy-combustion technology and developing power projects that utilize natural gas to produce clean, firm power with near-zero carbon emissions.

Products and services

  • The company develops a modular, standardized clean gas power plant product incorporating post-combustion carbon capture (PCC) technology and a patented oxy-combustion cycle that utilizes supercritical CO2 power cycles.

Customer types

Power generation and utility companies.

Suppliers, materials and equipment

  • Relevant Power Solutions, LLC — Equipment supplier for power plant development projects. Source

Business strengths to evaluate

  • Proprietary oxy-combustion and supercritical CO2 power cycle technology Source

Business risks and research considerations

  • Capital-intensive nature of the business model requiring future capital raises Source
  • Barriers to the deployment of power plants Source

Sources: Company research source · Relevant Power Solutions, LLC

Company research refreshed 2026-10-12. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

NPWR financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:
Not currently available
Stored price:
USD 1.24
Market capitalization:
109.15M (currency not supplied)
Revenue:
USD 0.00
Net income:
USD -521.19M
Free cash flow:
USD -154M
Cash:
USD 117.93M
Total debt:
USD 3.3M
EPS:
USD -6.54

What stands out

  • Free cash flow is USD -154M, negative for the stored period.
  • The balance sheet shows USD 117.93M of cash versus USD 3.3M of total debt, an excess of cash over debt on these two reported measures.
  • The current research record carries a missing revenue history warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

  • Cash exceeds debt by USD 114.63M using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for NPWR

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

  • How long can NPWR fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • How is NPWR likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
  • What specifically needs to improve for NPWR to reach sustainable profitability?
  • What does the current missing revenue history warning mean for the reliability or interpretation of NPWR's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-08.

Research-input completeness: 73% of the scoring inputs required for this public page are currently available.

How to research NPWR

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

Learn how to analyze a stock · Read the Wall Street Score methodology · Browse other stocks

Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.