# NET Power share price today (NET Power Inc., NPWR)

> NET Power Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NPWR · Industrials · Specialty Industrial Machinery · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/npwr

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: $0.87 (−77.2% in a year)
- Revenue (Sep 2024): $12.0 K
- Profit (Sep 2024), incl. one-off: $818 K (one-off item, see below)
- ROE: −2%, FY24

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the NET Power share price today? NET Power Inc.'s share price was $0.87 at the close on 3 November 2026. That is 49.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between $1 and $3, and at that close it sat 2% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 8 weeks running. Over the last 1 year the share price moved −74% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does NET Power pay? NET Power Inc. pays no dividend. In the last 9 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is NET Power on? NET Power is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is NET Power profitable? NET Power Inc. earned $818 K of net profit in the Sep 2024 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. The full FY24 year was a loss of $49.2 M. That is 6,816.7% of the quarter's revenue. The same quarter a year earlier lost $17.4 M. 8 of the last 9 reported quarters were loss-making. Read this profit with care: at $818 K it is bigger than the quarter's whole revenue of $12.0 K. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −3,93,708.3% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings. ## How much revenue does NET Power make, and is it growing? NET Power Inc. reported $12.0 K of revenue in the Sep 2024 quarter. Over 3 years it has grown −50.8% a year on average. The last full year, FY24, came in at $250 K. FY24 revenue was $250 K, +42.9% on the year before. Recent pace: the last four quarters grew −9.1% on average, against −50.8% a year over the longer run, so this year is growing faster than its own long-run rate. ## How much of every $100 of sales does NET Power keep? NET Power Inc.'s sales have fallen to very little: FY24 revenue was $250 K, against $2.1 M in FY21. On sales that small an operating margin is not a useful reading, so this section is left out until sales recover. ## Is NET Power's profit turning into cash? NET Power Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY24 its operations used $31.6 M of cash, against −$49.2 M of profit. After $68.7 M of spending on assets, free cash was −$100 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does NET Power's cash go? NET Power Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $80.4 M on assets over the last 3 years. Averaged over those years that is 10,721.9% of FY24 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $80.4 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is NET Power's P/E ratio, and how does it compare with its own history? NET Power Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values NET Power Inc. at 778.7× its FY24 revenue of $250 K. The P/E comes back here once profit turns positive. ## Is the NET Power business getting better or worse? NET Power Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does NET Power earn on its capital? NET Power Inc. earned a ROE of −2% in FY24. That is up from a low of −85% in FY22. Its return on capital used (ROIC) is left out: on sales this small it reads −11%, a number that says nothing useful about the business. ## Does NET Power have too much debt? NET Power Inc. has total debt of $3.3 M against shareholder equity of $313 M as of Jun 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.10 in FY21 to 0.01 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the NET Power shareholding pattern? 6.7% of NET Power Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 5.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is NET Power from balance-sheet trouble? For NET Power Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does NET Power rank in its industry? There is no score against its industry: NET Power Inc. is not among the largest members shown in this industry comparison for Specialty Industrial Machinery. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is NET Power compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to NET Power in size? NET Power is the 55th largest of 57 Specialty Industrial Machinery companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Twin Disc, Incorporated, Omega Flex, Inc., Serve Robotics Inc. and Richtech Robotics Inc. Just below it: Taylor Devices, Inc. and SCHMID Group N.V. ### Specialty Industrial Machinery companies close in size

1. [Twin Disc, Incorporated](https://www.sectoralpha.in/us/stocks/twin) $364 million
2. [Omega Flex, Inc.](https://www.sectoralpha.in/us/stocks/oflx) $268 million
3. [Serve Robotics Inc.](https://www.sectoralpha.in/us/stocks/serv) $226 million
4. [Richtech Robotics Inc.](https://www.sectoralpha.in/us/stocks/rr) $209 million
5. NET Power Inc. $195 million
6. [Taylor Devices, Inc.](https://www.sectoralpha.in/us/stocks/tayd) $185 million
7. [SCHMID Group N.V.](https://www.sectoralpha.in/us/stocks/shmd) $158 million

[All 57 Specialty Industrial Machinery companies, largest first](https://www.sectoralpha.in/us/sectors/specialty-industrial-machinery#all-companies)

## What else do people ask about NET Power? ### What were NET Power's latest quarterly results? NET Power Inc. reported revenue of $12.0 K and net profit of $818 K for the Sep 2024 quarter. Earnings per share were $0.01. The operating margin was −3,93,708.3% (as of 3 November 2026). ### What is NET Power's market cap? NET Power Inc.'s market capitalisation is $195 M at a stock price of $0.87. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NET Power performing? NET Power Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 8 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will NET Power's stock price go up? This page does not forecast NET Power Inc.'s stock price. What it shows instead: the stock price is $0.87. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### What could break the NET Power story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NET Power a stock worth studying right now? What the numbers show: NET Power Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.