NET Power Inc.
Company Name | NET Power Inc. |
Stock Symbol | NPWR |
On March 10, 2025, Net Power released its fourth quarter and full year 2024 financial results, disclosing the Company had “finalized the Front-End Engineering and Design (FEED) for Project Permian” but the “cost estimate was significantly higher than expected and, as a result, the Company has paused long-lead releases for the project.” Specifically, the Company revealed it is “estimating total installed cost will be $1.7 billion to $2 billion.”
On this news, Net Power’s stock price fell $2.18, or 31.5%, to close at $4.75 per share on March 10, 2025, thereby injuring investors.
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