Net Power, Inc. (NPWR)
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-09-04
$1.93+6.04%
Close 2026-09-04 · 1-day change
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-09-04
Broken: Primary pillar broken — Free cash flow yield improves from negative: FCF yield -1.2% vs 0% target.
Net Power aims to become profitable after years of losses. The new CFO brings power sector experience. EPS estimates improved from -$0.30 to -$0.19 for 2026. The company’s technology could meet demand for clean natural gas power.
Net Power has missed earnings four times recently. EPS is still negative, with -$0.19 expected in 2026 and worsening to -$0.29 in 2027. The company is loss-making with negative free cash flow yield of -1.45%. The recent 34.5% stock drop shows weak investor confidence.
The market prices in continued losses and weak earnings growth, reflected by negative EPS estimates through 2027. There is no visible upside priced in given the 34.5% drawdown and lack of positive guidance.
Breaks if: EPS remains below -0.10 USD per share in FY26
Breaks if: FCF yield remains below 0% over next 4 quarters
Breaks if: Drawdown worsens beyond 35% over next 6 months
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround situation. NPWR is currently loss-making and facing high risks, but management is stable and focused on advancing key projects in natural gas power generation.
The market seems to be pricing in ongoing challenges, as NPWR's recent financial performance has been weak compared to its peers. There is a heightened expectation of potential earnings misses, given the company's history of underperformance.
Management is making progress on Project Permian, with recent acquisitions aimed at enhancing capacity. However, the company continues to report operating losses, and there is a significant risk of missing earnings expectations in the near term.
The long-term thesis hinges on the performance of sector bellwethers like GEV, PH, and TT, as their success could provide momentum for NPWR. Additionally, inflation trends and the resulting Federal Reserve policies will be crucial for NPWR's operational environment.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The company secured a long-term power purchase agreement for Project Permian. This strengthens its growth outlook. However, a strategic shift to unabated gas power may hinder clean energy goals. Additionally, a recent earnings miss raises concerns about its growth strategy.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
In the next 1 to 3 years, NPWR's outlook is uncertain, with potential for both progress and setbacks. Not investment advice.