Streetbeat News

NPWR

NET Power Inc.

https://www.netpower.com

Industry

Industrial - Machinery

NET Power Inc. operates as a clean energy technology company. It invents, develops, and licenses clean power generation technology. The company was founded in 2010 and is headquartered in Durham, North Carolina.

Open

13.11

Mkt cap

2.7B

Volume

646K

High

13.16

P/E Ratio

-33.34

52-wk high

14.28

Low

12.43

Div yield

N/A

52-wk low

6.57

Net Power's near-zero emission natural gas technology, using the Allam-Fetveedt Cycle, is a promising investment opportunity. It offers cost-effective, low-emission electricity generation, with commercial scale expected by 2027, positioning it as a strong competitor to renewables and nuclear energy.

Portfolio Pulse from

November 14, 2024 | 12:45 pm

NET Power Inc. (NYSE:NPWR) held its Q3 2024 earnings call on November 12, 2024. Key company participants included Bryce Mendes, Danny Rice, Brian Allen, and Akash Patel. Analysts from Janney Montgomery Scott, Barclays, Raymond James, and Tuohy Brothers participated in the call.

Portfolio Pulse from

November 12, 2024 | 7:15 pm

NET Power has started payments for long-lead materials under its original Letter of Limited Notice to Proceed (LNTP) as of December 2023. These payments are expected to continue through April 2026.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:41 pm

NET Power and Baker Hughes Energy Services have entered into a variation agreement, where NET Power will pay Baker Hughes up to $90 million for long-lead materials. This agreement is part of a Limited Notice to Proceed (LNTP) as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:39 pm

Citigroup analyst Ryan Levine maintains a Neutral rating on NET Power (NYSE:NPWR) and lowers the price target from $11 to $8.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:10 pm

Barclays analyst Betty Jiang maintains an Equal-Weight rating on NET Power (NYSE:NPWR) but lowers the price target from $13 to $11.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:38 pm

NET Power shares are trading higher following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:07 pm

NET Power reported a cash flow used in operations of approximately $8 million for Q2.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:16 pm

Tech stocks saw a slight increase ahead of key inflation data, with GameStop experiencing a significant surge due to social media activity. The S&P 500 remained stable, while the Nasdaq 100 and Russell 2000 posted gains. Treasury yields dipped slightly, benefiting the iShares 20+ Year Treasury Bond ETF. Meme stocks rallied, notably GameStop, driven by 'Roaring Kitty's' return. Tencent's revenue beat spurred a rally in Chinese stocks, positively impacting related ETFs. The commodities market saw mixed movements, with oil up and gold down.

Portfolio Pulse from Piero Cingari

May 13, 2024 | 5:47 pm

NET Power announced its Q1 results, highlighting a strong financial position with approximately $625 million in cash and short-term investments, and no debt. The company's update underscores its solid liquidity and debt-free status, positioning it well for future operations and investments.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:36 am

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