NPWR stock touches 52-week low at $1.62 amid market challenges

In a turbulent market environment, NPWR stock has reached a 52-week low, dipping to $1.62, marking a dramatic 88.7% decline from its 52-week high of $14.28. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions, suggesting potential for a technical rebound. This price level reflects significant pressure on the company’s valuation, as investors respond to a complex array of industry and economic factors. With a current market capitalization of $138.71 million and a WEAK Financial Health Score from InvestingPro, the company faces notable headwinds. Over the past year, NPWR has experienced a dramatic downturn, with Rice Acquisition II’s 1-year change data revealing a steep decline of -85.38%. This stark decrease underscores the challenges faced by the company in maintaining its market position and investor confidence amidst shifting market dynamics. Despite these challenges, the company maintains strong liquidity with a current ratio of 28.65, indicating robust short-term financial stability. Discover 18 additional key insights about NPWR with an InvestingPro subscription, including detailed Fair Value analysis and comprehensive Pro Research Reports.

In other recent news, Net Power Inc. announced a significant executive reshuffle, appointing Marc Horstman as the new Chief Operating Officer while CEO Danny Rice expands his role to include President and interim Chief Financial Officer. The company reported a wider-than-expected fourth-quarter adjusted loss of $0.67 per share, missing analyst estimates of a $0.12 loss. This financial result coincided with a pause in equipment orders and a cost optimization process for Project Permian, whose cost estimates have risen to between $1.7 billion and $2.0 billion. Project Permian’s operational date has been delayed to 2029, with efforts underway to explore modular multi-unit designs to reduce costs. In a strategic move, Net Power switched its auditing firm from Grant Thornton LLP to KPMG LLP for the fiscal year ending December 31, 2025. Citi analyst Ryan Levine upgraded Net Power’s stock rating from Neutral to Buy, despite reducing the price target from $14.00 to $6.00, citing potential downside protection and strategic partnerships. Texas Capital Securities maintained a Buy rating with a $24.00 price target, acknowledging both the achievements and challenges faced by the company. Net Power ended 2024 with $533 million in cash and investments, positioning itself to advance its technology and optimize plant design.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.