Northland Securities Comments on NET Power Q3 Earnings

Key Points

• Northland Securities maintained an “Outperform” rating and a $2.75 price target for NET Power, forecasting a third-quarter 2026 loss of $0.05 per share.
• NET Power is expected to remain unprofitable in the near term, with projected losses of $1.14 per share in fiscal 2026 and $0.25 in fiscal 2027; its latest quarterly loss of $0.91 per share sharply missed the $0.07 consensus estimate.
• Shares opened at $1.79, near the lower end of their 12-month range, while insiders sold more than 2 million shares over the past 90 days, adding to investor risk concerns.

NET Power Inc. (NYSE:NPWR - Free Report) - Investment analysts at Northland Securities issued their Q3 2026 earnings per share (EPS) estimates for NET Power in a research note issued to investors on Monday, September 14th. Northland Securities analyst J. Grampp forecasts that the company will post earnings of ($0.05) per share for the quarter. Northland Securities currently has a "Outperform" rating and a $2.75 price objective on the stock. Northland Securities also issued estimates for NET Power's Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($1.14) EPS, Q1 2027 earnings at ($0.06) EPS, Q2 2027 earnings at ($0.06) EPS, Q3 2027 earnings at ($0.06) EPS, Q4 2027 earnings at ($0.07) EPS, FY2027 earnings at ($0.25) EPS and FY2028 earnings at ($0.28) EPS.

Several other brokerages have also recently issued reports on NPWR. Weiss Ratings raised NET Power from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, September 8th. Wall Street Zen downgraded shares of NET Power from a "sell" rating to a "strong sell" rating in a research report on Saturday, July 18th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $3.25.

NET Power Price Performance

NPWR stock opened at $1.79 on Wednesday. The company has a market capitalization of $403.62 million, a PE ratio of -0.28 and a beta of 1.10. The firm's 50-day moving average is $1.66 and its 200 day moving average is $1.75. NET Power has a 12 month low of $1.35 and a 12 month high of $5.20.

NET Power (NYSE:NPWR - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.84).

Insider Buying and Selling

In related news, major shareholder 8 Rivers Capital, Llc sold 150,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $1.84, for a total value of $276,000.00. Following the transaction, the insider owned 750,000 shares in the company, valued at approximately $1,380,000. This represents a 16.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 2,005,858 shares of company stock valued at $3,460,668 in the last 90 days. 2.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NET Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in shares of NET Power during the 1st quarter worth approximately $30,000. Integrity Alliance LLC. acquired a new position in NET Power during the fourth quarter worth $40,000. Bank of America Corp DE raised its position in NET Power by 40.1% during the first quarter. Bank of America Corp DE now owns 35,083 shares of the company's stock worth $55,000 after acquiring an additional 10,034 shares during the period. Bank of New York Mellon Corp purchased a new position in NET Power during the second quarter valued at $140,000. Finally, SIR Capital Management L.P. purchased a new position in NET Power during the second quarter valued at $183,000. 53.62% of the stock is owned by institutional investors and hedge funds.

Key NET Power News

Here are the key news stories impacting NET Power this week:

• Positive Sentiment: Northland analyst J. Grampp’s bullish rating and price target suggest confidence in NET Power’s longer-term opportunity, despite the company’s early-stage losses. Northland Capital Markets initiates coverage of NET Power with outperform rating
• Neutral Sentiment: Northland projects quarterly losses of $0.05 to $0.07 per share from the third quarter of 2026 through the fourth quarter of 2027, indicating that profitability is not expected in the near term.
• Neutral Sentiment: The firm estimates a substantially improved annual loss of $0.25 per share in fiscal 2027, compared with a projected $1.14 loss in fiscal 2026, but forecasts the loss widening modestly to $0.28 per share in fiscal 2028. These estimates point to potential progress but continued financial risk.

About NET Power

NET Power Inc NYSE: NPWR is a clean-energy technology company focused on producing electricity from natural gas while capturing carbon dioxide emissions. Its technology is designed to generate reliable power with substantially reduced atmospheric emissions compared with conventional natural-gas power plants.

The company's principal technology is the Allam-Fetvedt Cycle, a process that uses high-pressure carbon dioxide as the working fluid in an oxy-combustion power cycle. The process is intended to produce electricity while capturing carbon dioxide in a concentrated form for transportation, storage, or potential industrial use.

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