NET Power Looks More Attractive Now, Yet It Needs More Time (And Money)

  • NET Power offers a unique clean energy solution with top-tier investors and Rice family leadership, but faces increased costs and project delays. A sharp stock sell-off followed negative earnings and a near doubling of cost estimates for the Project Permian, raising financing and execution concerns. Valuation now hovers below net cash, providing downside protection, yet increased capital needs, delays, and execution risks remain, as the company targets 2029 for commercial launch.