NPWR

In March 2026, NET Power reported its Fourth Quarter and Year End 2025 results, noting progress in technology development but also a significantly higher-than-expected cost estimate for Project Permian, leading to a pause in long-lead releases and a shift to design optimization. The company released its First Quarter 2026 results in May 2026. A notable strategic shift occurred in August 2026, when NET Power announced a recalibration of its commercial strategy to focus on fast-to-deploy, unabated natural gas power generation to meet near-term demand from AI and data center growth, with carbon capture to be added later. This announcement coincided with the release of its Second Quarter 2026 results, which reported a significant loss of $0.91 per share, considerably wider than analysts' expectations. In August and September 2026, NET Power signed agreements for and subsequently closed the acquisition of rights to 123 megawatts of new natural gas power generation equipment, bringing its total potential capacity for the first phase of Project Permian to nearly 200 megawatts. Insider selling was observed, with major shareholder 8 Rivers Capital, LLC and 10% owner NPEH, LLC selling shares in September 2026. Analyst sentiment during this period has been mixed, with a consensus 'Hold' rating from five analysts and price targets ranging from $2.50 to $3.50. Northland Securities initiated coverage with an 'Outperform' rating and a $2.75 price target in September 2026, while Wall Street Zen downgraded the stock to a 'Strong Sell' in July 2026. The stock experienced a 52-week range between $1.35 and $5.20. On September 21, 2026, NET Power Inc. was dropped from the S&P Global BMI Index.