NET Power Inc
NPWRIndustrials·Specialty Industrial Machinery·USA·Micro·NYSE·Nov 11 • 3:59 PM ET
0.8321-0.0031 (-0.37%)
2026-11-11 22:48 CET
Market cap
73.90 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-521.28 USD m
Free cash flow, TTM
-167.34 USD m
EPS diluted, TTM
-6.54
P/E
-
Price
NPWR against its 20, 50 and 200-day averages2050200earnings
75.7% under the 52-week high of 3.42 on 12 Nov 2025. 52-week low 0.76 on 5 Nov 2026. Last 15 sessions, 34.2% high to low
Volume 0.48× normal · the line is the 50-bar volume average
Profile
NPWR52-week range, 3% of the way up
0.763.42
NET Power, Inc. is an energy technology and project development company, which focuses on delivering low-carbon gas power solutions. Its solutions include Post-combustion capture and Oxy-combustion power cycle. The company was founded on January 8, 2010 and is headquartered in Durham, NC.
| Index | RUT |
|---|---|
| Employees | 54 |
| IPO | Aug 06, 2021 |
| Beta | 1.26 |
| ATR, 14d | 0.08 |
| Rel volume | 0.48 |
| Short float | 5.75% |
| Insider own | 48.74% |
| Inst own | 43.66% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 187.10M |
| Enterprise Value | 111.30M |
| Income | -521.28M |
| Sales | 0.00M |
| Book/sh | 0.94 |
| Cash/sh | 1.37 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 54 |
| IPO | Aug 06, 2021 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 0.88 |
| P/C | 0.61 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 17.80 |
| Current Ratio | 17.80 |
| Debt/Eq | 0.04 |
| LT Debt/Eq | 0.03 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -6.54 |
|---|---|
| EPS next Y | -0.16 |
| EPS next Q | -0.04 |
| EPS this Y | 87.78% |
| EPS next Y | 81.84% |
| EPS next 5Y | 69.96% |
| EPS past 3/5Y | -112.18% -138.42% |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | -178.55% |
| Sales Y/Y TTM | -100.00% |
| EPS Q/Q | -150.75% |
| Sales Q/Q | - |
| Earnings | Nov 12 AMC |
| EPS/Sales Surpr. | -1156.91% - |
Ownership
| Insider Own | 48.74% |
|---|---|
| Insider Trans | -4.61% |
| Inst Own | 43.66% |
| Inst Trans | 0.68% |
| ROA | -49.00% |
| ROE | -149.00% |
| ROIC | -608.22% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | -8.06% |
| SMA50 | -36.82% |
| SMA200 | -50.31% |
| Trades | - |
Technical
| Shs Outstand | 88.45M |
|---|---|
| Shs Float | 45.35M |
| Short Float | 5.75% |
| Short Ratio | 3.68 |
| Short Interest | 2.61M |
| 52W High | 3.42 -75.67% |
| 52W Low | 0.76 9.52% |
| Volatility | 8.49% 8.18% |
| ATR (14) | 0.08 |
| RSI (14) | 30.62 |
| Beta | 1.26 |
| Rel Volume | 0.48 |
| Avg Volume | 709.03K |
| Volume | 341,187 |
Performance
| Perf Week | 0.51% |
|---|---|
| Perf Month | -30.08% |
| Perf Quarter | -48.64% |
| Perf Half Y | -65.47% |
| Perf YTD | -63.50% |
| Perf Year | -74.86% |
| Perf 3Y | -93.73% |
| Perf 5Y | -91.67% |
| Perf 10Y | - |
| Recom | 1.50 |
| Target Price | 2.79 |
| Prev Close | 0.84 |
| Price | 0.83 |
| Change % | -0.37% |
Analyst ratings
latest 8 of 8| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Sep 14, 2026 | Initiated | NNorthland Capital | Outperform | $2.75 | +230.5% |
| Nov 14, 2025 | Upgrade | BBarclays | Underweight → Equal Weight | ||
| Apr 23, 2025 | Downgrade | BBarclays | Equal Weight → Underweight | $3 → $2 | +140.4% |
| Mar 11, 2025 | Upgrade | CCitigroup | Neutral → Buy | ||
| Apr 10, 2024 | Initiated | BBarclays | Equal Weight | $13 | +1,462.3% |
| Jul 14, 2023 | Initiated | JJanney | Buy | $36 | +4,226.4% |
| Jul 05, 2023 | Initiated | CCitigroup | Neutral | $15 | +1,702.7% |
| Jun 29, 2023 | Initiated | CCapitalOne | Overweight |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| SMR | NuScale Power Corp | 2.25B |
| NNE | Nano Nuclear Energy Inc | 622.36M |
| BW | Babcock & Wilcox Enterprises Inc | 703.96M |
| FISN | Deep Fission Inc | 121.94M |
| GFUZ | General Fusion Group Ltd | 362.75M |
| HDRN | Hadron Energy Inc | 46.14M |
| CEPL | Capstone Energy+ Inc | 101.47M |
| LTBR | Lightbridge Corp | 174.44M |
| OKLO | Oklo Inc | 5.05B |
| FCEL | Fuelcell Energy Inc | 875.50M |
Insider trading
latest 14 of 100| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| 8 Rivers Capital, LLC | 10% Owner | Sep 09 '26 | Sale | 1.84 | 150,000 | 276,075 | 750,000 | Sep 10 06:01 PM |
| 8 Rivers Capital, LLC | 10% Owner | Sep 08 '26 | Sale | 1.94 | 100,000 | 193,520 | 900,000 | Sep 10 06:01 PM |
| NPEH, LLC | 10% Owner | Sep 09 '26 | Sale | 1.84 | 150,000 | 276,075 | 750,000 | Sep 10 06:00 PM |
| NPEH, LLC | 10% Owner | Sep 08 '26 | Sale | 1.94 | 100,000 | 193,520 | 900,000 | Sep 10 06:00 PM |
| NPEH, LLC | 10% Owner | Aug 25 '26 | Sale | 1.91 | 201,550 | 384,255 | 1,041,350 | Aug 27 06:02 PM |
| NPEH, LLC | 10% Owner | Aug 26 '26 | Sale | 1.91 | 41,350 | 79,078 | 1,000,000 | Aug 27 06:02 PM |
| 8 Rivers Capital, LLC | 10% Owner | Aug 25 '26 | Sale | 1.91 | 201,550 | 384,255 | 1,041,350 | Aug 27 06:00 PM |
| 8 Rivers Capital, LLC | 10% Owner | Aug 26 '26 | Sale | 1.91 | 41,350 | 79,078 | 1,000,000 | Aug 27 06:00 PM |
| NPEH, LLC | 10% Owner | Aug 14 '26 | Sale | 1.95 | 507,100 | 990,518 | 1,242,900 | Aug 14 06:01 PM |
| NPEH, LLC | 10% Owner | Aug 13 '26 | Sale | 1.62 | 200,000 | 323,840 | 1,750,000 | Aug 14 06:01 PM |
| NPEH, LLC | 10% Owner | Aug 12 '26 | Sale | 1.63 | 50,000 | 81,575 | 1,950,000 | Aug 14 06:01 PM |
| 8 Rivers Capital, LLC | 10% Owner | Aug 14 '26 | Sale | 1.95 | 507,100 | 990,518 | 1,242,900 | Aug 14 06:00 PM |
| 8 Rivers Capital, LLC | 10% Owner | Aug 13 '26 | Sale | 1.62 | 200,000 | 323,840 | 1,750,000 | Aug 14 06:00 PM |
| 8 Rivers Capital, LLC | 10% Owner | Aug 12 '26 | Sale | 1.63 | 50,000 | 81,575 | 1,950,000 | Aug 14 06:00 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| AIPO | Defiance AI & Power Infrastructure ETF | AUM: 760.59M |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| IWN | iShares Russell 2000 Value ETF | AUM: 14.10B |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| CSEN | Cohen& Steers Future of Energy Active ETF | AUM: 154.44M |
| VIS | Vanguard Industrials ETF | AUM: 7.76B |
| VTWV | Vanguard Russell 2000 Value Index ETF | AUM: 1.29B |
News
latest 14 of 114- NET Power Needs A Signed Hyperscaler Deal As Its Gas-First Pivot Faces A Test (Earnings Whispers) -7.59%
- Net Power Schedules Third Quarter 2026 Earnings Release and Conference Call (Business Wire) -7.14% -6.46%
- Net Power Closes Acquisition of EMPower's Position Under EPC Agreement for 123 MW of Power Generation (Business Wire) +6.04%
- Net Power Signs Agreements for Additional Power Generation to Advance its Power-First Strategy (Business Wire) +17.06%
- NET Power Inc (NPWR) (Q2 2026) Earnings Call Highlights: Strategic Pivot to Unabated Gas Power ... (GuruFocus.com) -11.28%
- Net Power Reports Second Quarter 2026 Results and Provides Business Update (Business Wire) +20.37%
- Net Power Schedules Second Quarter 2026 Earnings Release and Conference Call (Business Wire)
- NET Power Inc (NPWR) Q1 2026 Earnings Call Highlights: Strong Financial Position and Strategic ... (GuruFocus.com) +21.57%
- Net Power Reports First Quarter 2026 Results and Provides Business Update (Business Wire)
- Net Power Schedules First Quarter 2026 Earnings Release and Conference Call (Business Wire)
- Net Power Names Lee Shuman as New Chief Financial Officer (Business Wire)
- NET Power Inc (NPWR) Q4 2025 Earnings Call Highlights: Strategic Shifts and Financial Strength ... (GuruFocus.com)
- Net Power Reports Fourth Quarter and Year End 2025 Results and Provides Business Update (Business Wire)
- Net Power Schedules Fourth Quarter and Year End 2025 Earnings Release and Conference Call (Business Wire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-12 | - | -0.040 | - | - | 0.00 | 3 |
| 2026Q2 | 2026-08-13 | -0.910 | -0.072 | - | 0.00 | 0.00 | 2 |
| 2026Q1 | 2026-05-11 | -0.120 | -0.071 | -0.115 | 0.00 | 0.00 | 2 |
| 2025Q4 | 2026-03-09 | -0.150 | -0.092 | -0.234 | 0.00 | 0.00 | 2 |
| 2025Q3 | 2025-11-13 | -5.280 | -0.156 | -5.284 | 0.00 | 0.00 | 2 |
| 2025Q2 | 2025-08-11 | -0.360 | -0.116 | -0.362 | 0.00 | 0.00 | 2 |
| 2025Q1 | 2025-05-12 | -1.550 | -0.114 | -1.550 | 0.00 | 0.00 | 2 |
| 2024Q4 | 2025-03-10 | -0.460 | -0.095 | -0.447 | 0.00 | 0.00 | 2 |
| 2024Q3 | 2024-11-11 | 0.010 | -0.117 | 0.011 | 0.01 | 0.00 | 3 |
| 2024Q2 | 2024-08-12 | -0.060 | -0.093 | -0.059 | 0.24 | 0.00 | 2 |
| 2024Q1 | 2024-05-13 | -0.160 | -0.248 | -0.159 | 0.00 | 0.00 | 2 |
| 2023Q4 | 2024-03-11 | 0.421 | -0.057 | 0.316 | 0.00 | 0.00 | 2 |
| 2023Q3 | 2023-11-14 | -0.440 | -0.055 | -0.443 | 0.00 | 0.00 | 2 |
| 2023Q2 | 2023-08-14 | -4.510 | -0.080 | -1.896 | 0.13 | 0.00 | 2 |
| 2023Q1 | 2023-07-13 | -0.083 | - | -0.054 | 0.00 | - | - |
| 2026Q4 | - | - | -0.043 | - | - | 0.00 | 3 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2023FY | -0.693 | -0.779 | -1.084 | 0.18 | 0.53 |
| 2024FY | -0.670 | -0.647 | -0.670 | 0.25 | 0.06 |
| 2025FY | -7.340 | -2.063 | - | 0.00 | 0.00 |
| 2026FY | - | -0.897 | - | - | 0.00 |
| 2027FY | - | -0.163 | - | - | 0.00 |
| 2028FY | - | -0.199 | - | - | 0.00 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-09-11 | 2 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-08-14 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-05-12 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-03-11 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-17 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | E | 2026-11-01 | 3 | 1 | 0 | -0.04 | -0.05 | -0.02 |
| 2026Q3 | E | 2026-09-11 | 3 | 2 | 0 | -0.04 | -0.05 | -0.02 |
| 2026Q3 | E | 2026-09-09 | 2 | 2 | 0 | -0.03 | -0.05 | -0.02 |
| 2026Q3 | E | 2026-08-26 | 2 | 1 | 0 | -0.05 | -0.05 | -0.05 |
| 2026Q3 | E | 2026-08-18 | 2 | 1 | 1 | -0.05 | -0.05 | -0.05 |
| 2026Q3 | E | 2026-08-14 | 2 | 1 | 1 | -0.07 | -0.09 | -0.05 |
| 2026Q3 | E | 2026-07-06 | 2 | 1 | 1 | -0.07 | -0.09 | -0.05 |
| 2026Q3 | E | 2026-06-20 | 1 | 0 | 1 | -0.05 | -0.05 | -0.05 |
| 2026Q3 | E | 2026-06-12 | 2 | 0 | 1 | -0.09 | -0.12 | -0.05 |
Estimate history
| EPS, annual | -0.227 | -0.769 | -1.084 | -0.67 | -7.341 | -6.541 | |||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| EPS, quarterly | -0.059 | 0.011 | -0.447 | -1.55 | -0.362 | -5.284 | -0.234 | -0.115 | -0.908 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 0 | 0.58 | 0.175 | 0.25 | 0 | 0 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| Sales, quarterly | 0.238 | 0.012 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 43.128 | 71.278 | 71.278 | 76.76 | 83.98 | 88.448 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |||
| Shares, quarterly | 72.584 | 75.245 | 76.76 | 77.063 | 77.879 | 77.883 | 83.98 | 88.044 | 88.448 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.25 | 0.17 | 0.58 | 0.00 |
| Cost of Goods Sold Incl. D&A | 25.90 | 62.39 | 81.65 | 50.85 | 13.66 | 0.00 |
| Gross Profit | -25.90 | -62.39 | -81.40 | -50.67 | -13.08 | 0.00 |
| Selling, General and Administrative Excl. Other | 154.85 | 217.14 | 99.92 | 97.94 | 36.94 | 0.70 |
| Research and Development | 117.03 | 171.89 | 65.78 | 41.07 | 18.95 | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -180.75 | -279.53 | -181.32 | -148.61 | -50.02 | -0.70 |
| Interest Expense | - | - | - | 0.00 | 4.79 | 0.00 |
| Unusual Expense | 1,287.66 | 1,361.98 | 25.66 | 52.54 | 0.00 | 9.51 |
| Net Income Before Taxes | -1,453.61 | -1,677.73 | -175.22 | -181.70 | -54.78 | -10.19 |
| Income Taxes | -3.08 | -4.30 | -10.58 | -5.71 | 0.00 | 0.00 |
| Consolidated Net Income | -1,450.54 | -1,673.43 | -164.64 | -175.99 | -54.78 | -10.19 |
| Net Income From Continuing Operations | -521.28 | -578.63 | -49.19 | -77.23 | -54.78 | -9.80 |
| Net Income | -521.28 | -578.63 | -49.19 | -77.23 | -54.78 | -9.80 |
| EPS (Recurring) | 4.30 | 4.75 | -0.43 | -0.57 | -0.77 | -0.07 |
| EPS (Basic, Before Extraordinaries) | -6.54 | -7.34 | -0.67 | -1.08 | -0.77 | -0.23 |
| EPS (Diluted) | -6.54 | -7.34 | -0.67 | -1.08 | -0.77 | -0.23 |
| EBITDA | -154.85 | -217.14 | -99.70 | -97.76 | -36.64 | -0.70 |
| Non-Operating Income (Expense) | 14.79 | -36.22 | 31.75 | 19.45 | 0.04 | 0.02 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 28.04 | 36.68 | 2.95 | 4.10 | 0.00 | - |
| Price To Earnings Ratio | - | - | 97.25 | - | 18.39 | - |
| Price To Sales Ratio | - | - | 3,109.09 | 4,113.75 | 1,249.82 | - |
| Gross Margin | - | - | -32,561.60 | -28,954.86 | -2,255.52 | - |
| Operating Margin | - | - | -72,528.40 | -84,917.71 | -8,625.00 | - |
| Net Margin | - | - | -19,676.40 | -44,132.57 | -9,444.48 | - |
| Shares Outstanding | 88.45 | 83.98 | 76.76 | 71.28 | 71.28 | 43.13 |
| Market Capitalization | 73.90 | 73.90 | 796.88 | 717.37 | 438.61 | 431.27 |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Cost of Goods Sold Incl. D&A | 3.45 | 3.41 | 3.45 | 15.58 | 21.67 | 21.69 | 21.33 | 20.21 |
| Gross Profit | -3.45 | -3.41 | -3.45 | -15.58 | -21.67 | -21.69 | -21.33 | -20.20 |
| Selling, General and Administrative Excl. Other | 12.78 | 30.78 | 66.21 | 45.08 | 68.89 | 36.97 | 29.11 | 27.05 |
| Research and Development | 5.35 | 20.70 | 56.41 | 34.58 | 53.82 | 27.09 | 20.28 | 17.57 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -16.23 | -34.19 | -69.66 | -60.66 | -90.56 | -58.66 | -50.44 | -47.24 |
| Unusual Expense | 193.66 | -5.03 | -6.13 | 1,105.16 | -1.42 | 320.42 | 55.02 | -27.69 |
| Net Income Before Taxes | -206.93 | -25.81 | -59.89 | -1,160.98 | -83.67 | -373.19 | -98.42 | -11.56 |
| Income Taxes | 0.00 | 0.00 | -1.90 | -1.18 | -1.62 | 0.40 | 0.56 | -4.75 |
| Consolidated Net Income | -206.93 | -25.81 | -57.99 | -1,159.81 | -82.05 | -373.59 | -98.98 | -6.81 |
| Net Income From Continuing Operations | -80.29 | -9.86 | -19.64 | -411.50 | -28.14 | -119.35 | -34.32 | 0.82 |
| Net Income | -80.29 | -9.86 | -19.64 | -411.50 | -28.14 | -119.35 | -34.32 | 0.82 |
| EPS (Recurring) | 0.63 | -0.16 | -0.28 | 4.65 | -0.37 | 1.36 | 0.05 | -0.25 |
| EPS (Basic, Before Extraordinaries) | -0.91 | -0.12 | -0.23 | -5.28 | -0.36 | -1.55 | -0.45 | 0.01 |
| EPS (Diluted) | -0.91 | -0.12 | -0.23 | -5.28 | -0.36 | -1.55 | -0.45 | 0.01 |
| EBITDA | -12.78 | -30.78 | -66.21 | -45.08 | -68.89 | -36.97 | -29.11 | -27.04 |
| Non-Operating Income (Expense) | 2.97 | 3.35 | 3.64 | 4.84 | 5.47 | 5.88 | 7.03 | 8.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 1.56 | 8.84 | 8.43 | 9.21 | 10.99 | 8.05 | - | - |
| Price To Earnings Ratio | - | - | - | - | - | - | 97.25 | - |
| Price To Sales Ratio | - | - | - | - | 15,993.04 | 810.01 | 3,251.55 | 2,061.97 |
| Gross Margin | - | - | - | - | - | - | - | -168,325.00 |
| Operating Margin | - | - | - | - | - | - | - | -393,708.33 |
| Net Margin | - | - | - | - | - | - | - | 6,816.67 |
| Shares Outstanding | 88.45 | 88.04 | 83.98 | 77.88 | 77.88 | 77.06 | 76.76 | 75.24 |
| Market Capitalization | 73.90 | 132.11 | 191.34 | 234.43 | 191.99 | 202.68 | 796.88 | 513.03 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 337.89 | 507.57 | 636.93 | 5.16 | 2.57 |
| Short Term Receivables | 1.38 | 3.68 | 2.00 | 0.35 | 0.01 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 4.50 | 1.77 | 1.87 | 1.98 | 0.75 |
| Total Current Assets | 343.76 | 513.03 | 640.80 | 7.50 | 3.33 |
| Net Property, Plant & Equipment | 33.31 | 154.17 | 99.07 | 70.38 | 0.00 |
| Total Investments and Advances | 40.67 | 25.07 | 0.00 | 0.00 | 345.04 |
| Intangible Assets | 181.57 | 1,601.19 | 1,731.18 | 0.26 | 0.00 |
| Deferred Tax Assets | 0.00 | 6.26 | 2.16 | - | - |
| Other Assets | 0.39 | 0.65 | 0.00 | 0.00 | 0.00 |
| Total Assets | 599.70 | 2,300.38 | 2,473.21 | 78.14 | 348.37 |
| Short Term Debt Incl. Current Port. of LT Debt | 1.20 | 0.87 | 0.35 | 0.13 | 0.00 |
| Accounts Payable | 1.44 | 3.09 | 0.62 | 0.58 | 0.00 |
| Other Current Liabilities | 44.83 | 13.94 | 11.06 | 7.74 | 0.52 |
| Total Current Liabilities | 47.47 | 17.91 | 12.02 | 8.45 | 0.52 |
| Long Term Debt | 2.58 | 2.23 | 1.81 | 0.66 | 0.00 |
| Provision for Risks Charges | 3.60 | 3.27 | 2.06 | 2.42 | 0.00 |
| Deferred Tax Liabilities | 0.00 | 10.57 | 59.88 | - | - |
| Other Liabilities | 10.85 | 104.22 | 66.53 | 2.21 | 41.80 |
| Total Liabilities | 64.50 | 138.19 | 142.30 | 13.73 | 42.32 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 203.90 | 655.60 | 785.01 | 64.40 | 306.44 |
| Total Shareholders Equity | 203.90 | 655.60 | 785.01 | 64.40 | 306.44 |
| Accumulated Minority Interest | 331.30 | 1,506.58 | 1,545.90 | 0.00 | -0.39 |
| Total Equity | 535.21 | 2,162.19 | 2,330.91 | 64.40 | 306.05 |
| Total Liabilities & Stockholders Equity | 599.70 | 2,300.38 | 2,473.21 | 78.14 | 348.37 |
| Book Value Per Share | 2.43 | 8.54 | 11.01 | 0.90 | 7.11 |
| Tangible Book Value Per Share | 0.27 | -12.32 | -13.27 | 0.90 | 7.11 |
| Full-Time Employees | 54 | 68 | 43 | 2 | 2 |
| Price to Book Ratio | 0.88 | 1.04 | 6.90 | 1.34 | 1.41 |
| Return on Assets | -39.90 | -2.06 | -5.47 | -25.69 | - |
| Return on Equity | -134.64 | -6.83 | -14.10 | -29.54 | - |
| Return on Invested Capital | -280.22 | -7.48 | -9.82 | -84.20 | -3.20 |
| Quick Ratio | 7.24 | 28.65 | 53.31 | 0.89 | 6.40 |
| Current Ratio | 7.24 | 28.65 | 53.31 | 0.89 | 6.40 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Net Income | -1,450.54 | -1,673.43 | -280.10 | -175.99 | -54.78 | -10.19 |
| Depreciation | 25.90 | 62.39 | 81.62 | 50.78 | 13.39 | - |
| Other Funds (Non Cash) | 1,317.74 | 1,462.46 | 172.23 | 86.28 | 26.92 | 9.53 |
| Funds from Operations | -109.97 | -152.88 | -36.82 | -44.63 | -14.47 | -0.66 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -26.57 | 32.10 | 5.17 | -4.37 | -2.16 | -0.67 |
| Cash from Operating Activities | -136.55 | -120.78 | -31.65 | -49.00 | -16.63 | -1.33 |
| Capital Expenditures | -30.79 | -34.44 | -69.85 | -11.65 | -0.12 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 7.95 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.24 | 25.63 | -98.82 | -100.00 | 0.00 | -345.03 |
| Purchase of Investments | -205.38 | -186.02 | -169.89 | -100.00 | 0.00 | -345.03 |
| Sale Or Maturity of Investments | 205.62 | 211.65 | 71.08 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -30.54 | -8.80 | -168.67 | -103.70 | -0.12 | -345.03 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.48 | 0.14 | 0.02 | 347.30 | 29.47 | 349.10 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | -218.98 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.48 | 0.14 | 0.02 | 566.28 | 29.47 | 349.10 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 566.20 | 29.47 | 349.10 |
| Issuance or Reduction of Debt, Net | -0.20 | -0.20 | -0.07 | 0.00 | -8.00 | 0.00 |
| Change in Long Term Debt | -0.20 | -0.20 | -0.07 | 0.00 | -8.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 |
| Reduction of Long Term Debt | -0.20 | -0.20 | -0.07 | 0.00 | -10.00 | 0.00 |
| Net Financing Active Other Cash Flow | -0.55 | -0.17 | -4.88 | -11.90 | 0.00 | -0.17 |
| Other Financing Activities Uses | -0.55 | -0.17 | -4.88 | -11.90 | 0.00 | -0.17 |
| Cash from Financing Activities | -0.26 | -0.23 | -4.93 | 335.39 | 21.47 | 348.93 |
| Exchange Rate Effect | - | - | - | 0.00 | -0.00 | - |
| Net Change in Cash | -167.35 | -129.82 | -205.25 | 182.69 | 4.72 | 2.57 |
| Free Cash Flow | -167.34 | -155.22 | -101.50 | -60.65 | -16.75 | -1.33 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | -4.31 | -10.58 | -5.71 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 308.37 | 308.01 | 337.89 | 365.39 | 403.40 | 490.70 |
| Short Term Receivables | 0.87 | 0.84 | 1.38 | 1.47 | 1.73 | 5.13 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 3.67 | 2.20 | 4.50 | 2.73 | 3.38 | 2.08 |
| Total Current Assets | 312.91 | 311.06 | 343.76 | 369.59 | 408.51 | 497.92 |
| Net Property, Plant & Equipment | 23.66 | 41.08 | 33.31 | 16.93 | 100.62 | 102.64 |
| Total Investments and Advances | 1.21 | 11.48 | 40.67 | 58.63 | 71.38 | 12.51 |
| Intangible Assets | 0.40 | 179.06 | 181.57 | 184.05 | 1,208.30 | 1,224.94 |
| Deferred Tax Assets | - | - | 0.00 | - | - | - |
| Other Assets | 0.15 | 0.15 | 0.39 | 0.69 | 0.67 | 0.92 |
| Total Assets | 338.32 | 542.82 | 599.70 | 629.89 | 1,789.47 | 1,838.92 |
| Short Term Debt Incl. Current Port. of LT Debt | 1.12 | 1.16 | 1.20 | 1.24 | 1.21 | 0.86 |
| Accounts Payable | 0.12 | 0.35 | 1.44 | 1.31 | 1.04 | 0.85 |
| Other Current Liabilities | 16.33 | 11.55 | 44.83 | 19.74 | 39.57 | 19.66 |
| Total Current Liabilities | 17.58 | 13.06 | 47.47 | 22.29 | 41.83 | 21.37 |
| Long Term Debt | 2.18 | 2.39 | 2.58 | 2.78 | 3.02 | 1.90 |
| Provision for Risks Charges | 0.00 | 3.69 | 3.60 | 3.51 | 3.43 | 3.35 |
| Deferred Tax Liabilities | - | - | 0.00 | 1.90 | 3.08 | 4.70 |
| Other Liabilities | 5.77 | 5.82 | 10.85 | 16.93 | 7.64 | 9.08 |
| Total Liabilities | 25.53 | 24.95 | 64.50 | 47.41 | 58.99 | 40.39 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 83.53 | 205.32 | 203.90 | 143.76 | 616.20 | 637.21 |
| Total Shareholders Equity | 83.53 | 205.32 | 203.90 | 143.76 | 616.20 | 637.21 |
| Accumulated Minority Interest | 229.27 | 312.55 | 331.30 | 438.73 | 1,114.28 | 1,161.32 |
| Total Equity | 312.80 | 517.88 | 535.21 | 582.49 | 1,730.48 | 1,798.53 |
| Total Liabilities & Stockholders Equity | 338.32 | 542.82 | 599.70 | 629.89 | 1,789.47 | 1,838.92 |
| Book Value Per Share | 0.94 | 2.33 | 2.43 | 1.85 | 7.91 | 8.27 |
| Tangible Book Value Per Share | 0.94 | 0.30 | 0.27 | -0.52 | -7.60 | -7.63 |
| Full-Time Employees | - | - | 54 | - | - | - |
| Price to Book Ratio | 0.88 | 0.64 | 1.24 | 0.38 | 0.30 | 0.31 |
| Return on Assets | -49.00 | -39.39 | -39.90 | -40.00 | -8.73 | -7.33 |
| Return on Equity | -149.00 | -111.36 | -134.64 | -130.22 | -26.88 | -24.23 |
| Return on Invested Capital | -93.68 | -4.75 | -9.51 | -280.81 | -4.54 | -18.67 |
| Quick Ratio | 17.80 | 23.82 | 7.24 | 16.58 | 9.77 | 23.30 |
| Current Ratio | 17.80 | 23.82 | 7.24 | 16.58 | 9.77 | 23.30 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | -206.93 | -25.81 | -57.99 | -1,159.81 | -82.05 | -373.59 |
| Depreciation | 3.45 | 3.41 | 3.45 | 15.58 | 21.67 | 21.69 |
| Other Funds (Non Cash) | 194.49 | 2.87 | 4.22 | 1,116.16 | 12.11 | 329.96 |
| Funds from Operations | -8.99 | -19.53 | -52.22 | -29.24 | -49.89 | -21.54 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.65 | -31.58 | 24.41 | -18.76 | 25.29 | 1.16 |
| Cash from Operating Activities | -9.64 | -51.10 | -27.80 | -48.01 | -24.60 | -20.37 |
| Capital Expenditures | -0.90 | -8.31 | -18.27 | -3.31 | -3.41 | -9.44 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -4.62 | -8.02 | 16.20 | -3.32 | 12.07 | 0.68 |
| Purchase of Investments | -68.54 | -81.42 | -29.60 | -25.81 | -105.93 | -24.67 |
| Sale Or Maturity of Investments | 63.92 | 73.40 | 45.80 | 22.50 | 118.00 | 25.35 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -5.51 | -16.33 | -2.07 | -6.63 | 8.65 | -8.76 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.18 | 0.16 | -0.02 | 0.16 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.18 | 0.16 | -0.02 | 0.16 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -0.05 | -0.05 | -0.05 | -0.05 | -0.10 | 0.00 |
| Change in Long Term Debt | -0.05 | -0.05 | -0.05 | -0.05 | -0.10 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -0.05 | -0.05 | -0.05 | -0.05 | -0.10 | 0.00 |
| Net Financing Active Other Cash Flow | -0.19 | -0.18 | 0.00 | -0.17 | 0.00 | 0.00 |
| Other Financing Activities Uses | -0.19 | -0.18 | 0.00 | -0.17 | 0.00 | 0.00 |
| Cash from Financing Activities | -0.06 | -0.07 | -0.07 | -0.07 | -0.05 | -0.05 |
| Net Change in Cash | -15.21 | -67.51 | -29.94 | -54.70 | -15.99 | -29.19 |
| Free Cash Flow | -10.53 | -59.41 | -46.08 | -51.31 | -28.01 | -29.82 |
Revenue breakdown
| Total Electrical Industrial Apparatus revenue | 2024: 250.00K |
|---|---|
| United States | 2024: 250.00K |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 5.75% | 2.6M | 45.4M | 717.74K |
| 2026-10-15 | 6.88% | 3.1M | 45.4M | 736.77K |
| 2026-09-30 | 6.56% | 3.0M | 45.4M | 754.81K |
| 2026-09-15 | 6.82% | 3.1M | 45.4M | 828.19K |
| 2026-08-31 | 7.00% | 3.2M | 45.1M | 844.37K |
| 2026-08-14 | 6.58% | 3.0M | 45.2M | 792.43K |
| 2026-07-31 | 6.10% | 2.7M | 43.9M | 840.15K |
| 2026-07-15 | 6.77% | 2.9M | 43.4M | 843.36K |
| 2026-06-30 | 5.11% | 2.2M | 43.4M | 799.59K |
| 2026-06-15 | 5.54% | 2.4M | 43.4M | 773.87K |
| 2026-05-29 | 5.58% | 2.3M | 41.3M | 796.60K |
| 2026-05-15 | - | 2.2M | - | 792.90K |
| 2026-04-30 | 2.62% | 2.1M | 80.8M | 740.83K |
| 2026-04-15 | 2.62% | 2.1M | 80.7M | 776.46K |
| 2026-03-31 | 2.56% | 2.1M | 83.3M | 828.41K |
| 2026-03-13 | 2.75% | 2.3M | 83.3M | 918.52K |
| 2026-02-27 | 2.91% | 2.4M | 82.6M | 895.06K |
| 2026-02-13 | 3.34% | 2.8M | 82.6M | 1.01M |
| 2026-01-30 | 4.07% | 3.3M | 82.2M | 1.10M |
| 2026-01-15 | 4.42% | 3.6M | 81.8M | 1.36M |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 0.00 | 0.05 | 0.05 | 5.297 | 515 | 0.00 | 0.184 | -0.010 | 0.000 |
| call | 5.00 | 0.00 | 0.75 | 0.05 | 7.299 | 309 | 0.00 | 0.156 | -0.013 | 0.000 |
| call | 7.50 | 0.00 | 0.75 | 0.05 | 8.303 | 0.00 | 0.00 | 0.145 | -0.014 | 0.000 |
| put | 2.50 | 1.50 | 1.95 | 1.72 | 10.308 | 20.00 | 5.00 | -0.815 | -0.010 | 0.000 |
| put | 5.00 | 3.70 | 4.70 | 0.00 | 17.839 | 0.00 | 0.00 | -0.844 | -0.012 | 0.000 |
| put | 7.50 | 6.20 | 7.20 | 0.00 | 18.948 | 0.00 | 0.00 | -0.855 | -0.013 | 0.000 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | 8-K | Current report | 2026-11-04 | SEC |
| 2026-11-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-04 | SEC |
| 2026-10-22 | 8-K | Current report | 2026-10-16 | SEC |
| 2026-10-08 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-13 | SEC |
| 2026-09-11 | 8-K | Current report | 2026-09-08 | SEC |
| 2026-09-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-08 | SEC |
| 2026-09-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-08 | SEC |
| 2026-09-03 | 8-K | Current report | 2026-08-31 | SEC |
| 2026-08-31 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-03 | SEC |
| 2026-08-31 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-03 | SEC |
| 2026-08-31 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-03 | SEC |
| 2026-08-31 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-03 | SEC |
| 2026-08-27 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-25 | SEC |
| 2026-08-27 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-25 | SEC |
| 2026-08-17 | SCHEDULE 13D/A | SEC | ||
| 2026-08-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-12 | SEC |
| 2026-08-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-12 | SEC |
| 2026-08-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-13 | 8-K | Current report | 2026-08-13 | SEC |
| 2026-08-11 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-07 | SEC |
| 2026-08-11 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-07 | SEC |
| 2026-08-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-04 | SEC |
| 2026-08-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-04 | SEC |
| 2026-07-30 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-28 | SEC |
| 2026-07-30 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-28 | SEC |
| 2026-07-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-21 | SEC |
| 2026-07-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-21 | SEC |
| 2026-06-05 | 8-K | Current report | 2026-06-03 | SEC |
| 2026-05-27 | 3 | Initial statement of beneficial ownership of securities | 2026-05-18 | SEC |
| 2026-05-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-12 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 939.19K | 4 |
| 2026-08 | 0 | 0 | 5.25M | 22 |
| 2026-07 | 0 | 0 | 1.37M | 12 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 2.12M | 4 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 736.05K | 4 |
| 2026-02 | 0 | 0 | 2.58M | 18 |
| 2026-01 | 0 | 0 | 4.30M | 14 |
| 2025-12 | 0 | 0 | 4.24M | 16 |
| 2025-11 | 0 | 0 | 5.20M | 12 |
Institutional holders
| Manager | % owned |
|---|---|
| Share Andrew L. | 11.04% |
| HITE Hedge Asset Management LLC | 3.23% |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 3.21% |
| BlackRock, Inc. | 2.73% |
| PEAK6 LLC | 2.25% |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.04% |
| Defiance ETFs, LLC | 1.76% |
| Tidal Investments LLC | 1.75% |
| Sourcerock Group LLC | 1.58% |
| GEODE CAPITAL MANAGEMENT, LLC | 1.21% |
Funds
| Fund | % owned |
|---|---|
| Defiance AI & Power Infrastructure ETF | 1.94% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 1.51% |
| iShares Russell 2000 ETF | 1.20% |
| COHEN & STEERS INFRASTRUCTURE FUND INC | 0.83% |
| Fidelity Small Cap Index Fund | 0.52% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.50% |
| iShares Russell 2000 Value ETF | 0.41% |
| VANGUARD RUSSELL 2000 INDEX FUND | 0.27% |
| Fidelity Extended Market Index Fund | 0.26% |
| Nuveen Equity Index Fund | 0.25% |
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