Net Power Inc (NPWR)

Net Power Inc Stock (NPWR) dropped by 18.54% from $13.32 to $10.85 in the trading on Tuesday November 14, 2023. The reasons why NPWR stock down today include:

• Negative cash flow: NET Power reported a modest cash flow from operations of approximately $0.1 million for the quarter. The company's investing activities resulted in a negative cash flow of approximately $103 million, primarily due to the investment of $100 million into short-term interest-bearing securities.
• Capitalized expenditures : Capitalized expenditures for Project Permian totaled $2.5 million in Q3 2023, with initial long-lead equipment orders expected to be released in the first half of 2024.
• Timeline for Project Permian: The company is adjusting its timeline for Project Permian, now expecting initial power generation between the second half of 2027 and the first half of 2028. This change accounts for a 12-month cushion to mitigate the impact of the tight global supply chain.