NPWRNYSEElectrical Industrial ApparatusFiscal year ends December 31Also trades as NPWR.WT
Net Power Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$1.01+0.01 (+1.00%)
Close on Oct 19, 2026
- Market cap
- $89.29M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
43.4%
38M of 88M shares
Institutional holders
121
20 new, 10 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
0 buys · 121 sales
Net sold $38.22M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| J. Kyle Derham | 4,601,303 | 6.10% | 13G (passive) amendment | Dec 31, 2023 |
| Npeh, LLC | 23,279,880 | 22.25% | 13D (active) amendment | Dec 5, 2025 |
| 8rch, LLC | 21,984,660 | 21.01% | 13D (active) amendment | Jan 26, 2026 |
| 8 Rivers Capital, LLC | 18,972,780 | 17.86% | 13D (active) amendment | Aug 13, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NPWR | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Share Andrew L. | 9,767,500 | 11.04% | $16.31M | – | 8.43% |
| HITE Hedge Asset Management LLC | 2,852,670 | 3.22% | $4.76M | +89,246 | 0.26% |
| Adage Capital Partners Gp, L.L.C. | 2,840,000 | 3.21% | $4.74M | +1,300,000 | 0.01% |
| BlackRock, Inc. | 2,416,294 | 2.73% | $4.04M | +273,378 | 0.00% |
| Peak6 LLC | 1,985,754 | 2.24% | $3.32M | −2,461 | 0.01% |
| Vanguard Capital Management LLC | 1,802,372 | 2.04% | $3.01M | +158,577 | 0.00% |
| Defiance ETFs, LLC | 1,555,837 | 1.76% | $2.60M | +1,022,584 | 0.04% |
| Toroso Investments, LLC | 1,546,562 | 1.75% | $2.58M | +1,013,309 | 0.00% |
| Sourcerock Group LLC | 1,400,110 | 1.58% | $2.34M | −104,016 | 0.12% |
| Geode Capital Management, LLC | 1,006,014 | 1.14% | $1.68M | +145,628 | 0.00% |
| Cohen & Steers, Inc. | 888,954 | 1.00% | $1.49K | −3,186 | 0.00% |
| Gsa Capital Partners Llp | 851,296 | 0.96% | $1.42K | +665,056 | 0.09% |
| Argentarii, LLC | 746,799 | 0.84% | $1.21M | −1,850 | 0.36% |
| Two Sigma Investments, LP | 660,570 | 0.75% | $1.10M | −419,711 | 0.00% |
| State Street Corp | 624,238 | 0.71% | $1.04M | +10,704 | 0.00% |
| UBS Group AG | 610,961 | 0.69% | $1.02M | +241,088 | 0.00% |
| D. E. Shaw & Co., Inc. | 412,502 | 0.47% | $688.88K | +177,105 | 0.00% |
| Tudor Investment Corp Et Al | 397,515 | 0.45% | $663.85K | −33,638 | 0.00% |
| Aqr Capital Management LLC | 385,283 | 0.44% | $643.42K | +231,790 | 0.00% |
| Renaissance Technologies LLC | 354,206 | 0.40% | $591.52K | −349,594 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 121 | 38M | 43.4% | 20 / 48 | 30 / 10 | 7M | 3M |
| Q1 2026 | 113 | 35M | 39.8% | 18 / 38 | 32 / 18 | 9M | 6M |
| Q4 2025 | 114 | 35M | 39.2% | 28 / 25 | 39 / 10 | 7M | 5M |
| Q3 2025 | 100 | 33M | 36.9% | 18 / 33 | 27 / 12 | 5M | 3M |
| Q2 2025 | 94 | 30M | 34.1% | 18 / 37 | 20 / 32 | 6M | 7M |
| Q1 2025 | 108 | 31M | 35.0% | 26 / 38 | 26 / 29 | 6M | 7M |
| Q4 2024 | 112 | 32M | 35.8% | 33 / 39 | 22 / 6 | 4M | 2M |
| Q3 2024 | 89 | 31M | 34.7% | 18 / 31 | 19 / 21 | 5M | 2M |
| Q2 2024 | 93 | 30M | 33.6% | 32 / 24 | 19 / 14 | 7M | 4M |
| Q1 2024 | 77 | 27M | 30.7% | 23 / 20 | 18 / 15 | 6M | 9M |
| Q4 2023 | 70 | 34M | 37.9% | 26 / 22 | 11 / 14 | 3M | 1M |
| Q3 2023 | 58 | 32M | 36.4% | 23 / 14 | 11 / 7 | 15M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NPWR | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,336,582 | 1.51% | $2.23M | 0.00% | Jun 30, 2026 |
| Defiance AI & Power Infrastructure ETF | 1,219,748 | 1.38% | $2.45M | 0.33% | May 31, 2026 |
| iShares Russell 2000 ETF | 1,059,221 | 1.20% | $1.77M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 457,207 | 0.52% | $653.81K | 0.00% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 442,118 | 0.50% | $738.34K | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 357,978 | 0.40% | $597.82K | 0.00% | Jun 30, 2026 |
| Nuveen Equity Index Fund | 220,291 | 0.25% | $315.02K | 0.00% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 200,079 | 0.23% | $402.16K | 0.00% | May 31, 2026 |
| Shelton Sustainable Equity Fund | 200,000 | 0.23% | $402.00K | 0.56% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 181,340 | 0.20% | $364.49K | 0.00% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 167,958 | 0.19% | $337.60K | 0.00% | May 31, 2026 |
| Cohen & Steers Future of Energy Fund, Inc. | 160,804 | 0.18% | $323.22K | 0.17% | May 31, 2026 |
| Schwab Small-Cap Index Fund | 107,089 | 0.12% | $153.14K | 0.00% | Jul 31, 2026 |
| Master Small Cap Index Series | 99,401 | 0.11% | $166.00K | 0.00% | Jun 30, 2026 |
| EQ/Small Company Index Portfolio | 85,960 | 0.10% | $143.55K | 0.01% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Ned Leland Shuman | Chief Financial Officer | 529,801 | 0.60% | May 27, 2026 |
| Marc Horstman | Chief Operating Officer | 167,659 | 0.19% | Jun 4, 2025 |
| Kelly Rosser | Chief Accounting Officer | 74,098 | 0.08% | Apr 7, 2025 |
| Brian F. Allen | COO and President | 1,137,029 | 1.29% | Apr 4, 2025 |
| Akash S. Patel | Chief Financial Officer | 1,098,238 | 1.24% | Apr 4, 2025 |
| Ralph Alexander | Director | 197,595 | 0.22% | Aug 31, 2026 |
| Alejandra Veltmann | Director | 176,151 | 0.20% | Aug 31, 2026 |
| Joseph T. Kelliher | Director | 206,254 | 0.23% | Aug 31, 2026 |
| Carol R. Peterson | Director | 176,151 | 0.20% | Aug 31, 2026 |
| 8 Rivers Capital, LLC | 10% owner | 18,479,880 | 20.89% | Sep 10, 2026 |
| Damian R. Beauchamp | 10% owner | 23,729,880 | 26.82% | Sep 10, 2026 |
| Npeh, Llc | 10% owner | 18,479,880 | 20.89% | Sep 10, 2026 |
| Cynda Beauchamp | 10% owner | 1,847,130 | 2.09% | Nov 4, 2025 |
| Inc. Sk | 10% owner | 0 | – | Jul 31, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| 8 Rivers Capital, LLC 10% owner | Sep 9, 2026 | Sale | −150,000 | $1.84 | $276.00K | 750,000 |
| Npeh, Llc 10% owner | Sep 9, 2026 | Sale | −150,000 | $1.84 | $276.00K | 750,000 |
| 8 Rivers Capital, LLC 10% owner | Sep 8, 2026 | Sale | −100,000 | $1.94 | $194.00K | 900,000 |
| Npeh, Llc 10% owner | Sep 8, 2026 | Sale | −100,000 | $1.94 | $194.00K | 900,000 |
| Damian R. Beauchamp 10% owner | Aug 26, 2026 | Sale | −41,350 | $1.91 | $78.98K | 1,000,000 |
| Npeh, Llc 10% owner | Aug 26, 2026 | Sale | −41,350 | $1.91 | $78.98K | 1,000,000 |
| Damian R. Beauchamp 10% owner | Aug 25, 2026 | Sale | −201,550 | $1.91 | $384.96K | 1,041,350 |
| Npeh, Llc 10% owner | Aug 25, 2026 | Sale | −201,550 | $1.91 | $384.96K | 1,041,350 |
| 8 Rivers Capital, LLC 10% owner | Aug 14, 2026 | Sale | −507,100 | $1.95 | $988.85K | 1,242,900 |
| Npeh, Llc 10% owner | Aug 14, 2026 | Sale | −507,100 | $1.95 | $988.85K | 1,242,900 |
| 8 Rivers Capital, LLC 10% owner | Aug 13, 2026 | Sale | −200,000 | $1.62 | $324.00K | 1,750,000 |
| Npeh, Llc 10% owner | Aug 13, 2026 | Sale | −200,000 | $1.62 | $324.00K | 1,750,000 |
| 8 Rivers Capital, LLC 10% owner | Aug 12, 2026 | Sale | −50,000 | $1.63 | $81.50K | 1,950,000 |
| Npeh, Llc 10% owner | Aug 12, 2026 | Sale | −50,000 | $1.63 | $81.50K | 1,950,000 |
| Npeh, Llc 10% owner | Aug 11, 2026 | Sale | −35,000 | $1.60 | $56.00K | 2,000,000 |
| Damian R. Beauchamp 10% owner | Aug 11, 2026 | Sale | −35,000 | $1.60 | $56.00K | 2,000,000 |
| Npeh, Llc 10% owner | Aug 10, 2026 | Sale | −55,400 | $1.55 | $85.87K | 2,035,000 |
| Damian R. Beauchamp 10% owner | Aug 10, 2026 | Sale | −55,400 | $1.55 | $85.87K | 2,035,000 |
| Npeh, Llc 10% owner | Aug 7, 2026 | Sale | −60,345 | $1.53 | $92.33K | 2,090,400 |
| Damian R. Beauchamp 10% owner | Aug 7, 2026 | Sale | −60,345 | $1.53 | $92.33K | 2,090,400 |
| 8 Rivers Capital, LLC 10% owner | Aug 6, 2026 | Sale | −89,255 | $1.51 | $134.78K | 2,150,745 |
| Npeh, Llc 10% owner | Aug 6, 2026 | Sale | −89,255 | $1.51 | $134.78K | 2,150,745 |
| 8 Rivers Capital, LLC 10% owner | Aug 5, 2026 | Sale | −140,000 | $1.51 | $211.40K | 2,240,000 |
| Npeh, Llc 10% owner | Aug 5, 2026 | Sale | −140,000 | $1.51 | $211.40K | 2,240,000 |
| 8 Rivers Capital, LLC 10% owner | Aug 4, 2026 | Sale | −120,000 | $1.54 | $184.80K | 2,380,000 |
| Npeh, Llc 10% owner | Aug 4, 2026 | Sale | −120,000 | $1.54 | $184.80K | 2,380,000 |
| Npeh, Llc 10% owner | Jul 30, 2026 | Sale | −155,000 | $1.43 | $221.65K | 2,500,000 |
| Damian R. Beauchamp 10% owner | Jul 30, 2026 | Sale | −155,000 | $1.43 | $221.65K | 2,500,000 |
| Npeh, Llc 10% owner | Jul 29, 2026 | Sale | −45,000 | $1.41 | $63.45K | 2,655,000 |
| Damian R. Beauchamp 10% owner | Jul 29, 2026 | Sale | −45,000 | $1.41 | $63.45K | 2,655,000 |
| Npeh, Llc 10% owner | Jul 28, 2026 | Sale | −55,858 | $1.47 | $82.11K | 2,700,000 |
| Damian R. Beauchamp 10% owner | Jul 28, 2026 | Sale | −55,858 | $1.47 | $82.11K | 2,700,000 |
| 8 Rivers Capital, LLC 10% owner | Jul 23, 2026 | Sale | −39,142 | $1.51 | $59.10K | 2,755,858 |
| Npeh, Llc 10% owner | Jul 23, 2026 | Sale | −39,142 | $1.51 | $59.10K | 2,755,858 |
| 8 Rivers Capital, LLC 10% owner | Jul 22, 2026 | Sale | −90,000 | $1.53 | $137.70K | 2,795,000 |
| Npeh, Llc 10% owner | Jul 22, 2026 | Sale | −90,000 | $1.53 | $137.70K | 2,795,000 |
| 8 Rivers Capital, LLC 10% owner | Jul 21, 2026 | Sale | −80,000 | $1.53 | $122.40K | 2,885,000 |
| Npeh, Llc 10% owner | Jul 21, 2026 | Sale | −80,000 | $1.53 | $122.40K | 2,885,000 |
| Ralph Alexander Director | Jun 3, 2026 | Award | +71,770 | – | – | 176,151 |
| Joseph T. Kelliher Director | Jun 3, 2026 | Award | +71,770 | – | – | 176,151 |
| Carol R. Peterson Director | Jun 3, 2026 | Award | +71,770 | – | – | 176,151 |
| Alejandra Veltmann Director | Jun 3, 2026 | Award | +71,770 | – | – | 176,151 |
| Npeh, Llc 10% owner | May 13, 2026 | Sale | −35,000 | $2.43 | $85.05K | 2,965,000 |
| Damian R. Beauchamp 10% owner | May 13, 2026 | Sale | −35,000 | $2.43 | $85.05K | 2,965,000 |
| Npeh, Llc 10% owner | May 12, 2026 | Sale | −400,000 | $2.44 | $976.00K | 3,000,000 |
| Damian R. Beauchamp 10% owner | May 12, 2026 | Sale | −400,000 | $2.44 | $976.00K | 3,000,000 |
| 8 Rivers Capital, LLC 10% owner | Mar 6, 2026 | Other | −3,000,000 | – | – | 17,729,880 |
| 8 Rivers Capital, LLC 10% owner | Mar 6, 2026 | Conversion | +3,000,000 | – | – | 3,400,000 |
| Npeh, Llc 10% owner | Mar 6, 2026 | Other | −3,000,000 | – | – | 17,729,880 |
| Npeh, Llc 10% owner | Mar 6, 2026 | Conversion | +3,000,000 | – | – | 3,400,000 |
| 8 Rivers Capital, LLC 10% owner | Mar 6, 2026 | Conversion | +3,000,000 | – | – | 3,400,000 |
| 8 Rivers Capital, LLC 10% owner | Mar 6, 2026 | Other | −3,000,000 | – | – | 17,729,880 |
| Npeh, Llc 10% owner | Mar 6, 2026 | Other | −3,000,000 | – | – | 17,729,880 |
| Npeh, Llc 10% owner | Mar 6, 2026 | Conversion | +3,000,000 | – | – | 3,400,000 |
| Npeh, Llc 10% owner | Mar 3, 2026 | Sale | −100,000 | $2.04 | $204.00K | 400,000 |
| Damian R. Beauchamp 10% owner | Mar 3, 2026 | Sale | −100,000 | $2.04 | $204.00K | 400,000 |
| Damian R. Beauchamp 10% owner | Mar 2, 2026 | Sale | −79,858 | $2.05 | $163.71K | 500,000 |
| Npeh, Llc 10% owner | Mar 2, 2026 | Sale | −79,858 | $2.05 | $163.71K | 500,000 |
| Damian R. Beauchamp 10% owner | Feb 27, 2026 | Sale | −4,744 | $2.00 | $9.49K | 579,858 |
| Npeh, Llc 10% owner | Feb 27, 2026 | Sale | −4,744 | $2.00 | $9.49K | 579,858 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Patel Akash Former affiliate | May 30, 2025 | 35,458 | $82.06K | May 30, 2025 | Restricted stock vesting under a registered plan |
| Patel Akash Officer | Apr 3, 2025 | 7,359 | $18.40K | Apr 3, 2025 | Restricted Stock Units |
| Patel Akash Officer | Nov 22, 2024 | 150,000 | $1.88M | Nov 22, 2024 | Founders Shares |
| 8 Rivers Capital, LLC 10% Stockholder Filer has designee on Issuer board | Nov 19, 2024 | 1,260,420 | $11.46M | Nov 19, 2024 | Business combination and concurrent PIPE financing |
| 8 Rivers Capital, LLC 10% Stockholder Filer has designee on Issuer board | Jul 26, 2024 | 2,515,000 | $23.97M | Jul 26, 2024 | Business combination and concurrent PIPE financing |