By Nicholas G. Miller

Shares of Net Power fell after the company swung to a third-quarter loss, as a result of significant charges.

The stock fell 11% to $2.62 after closing Thursday down 72% this year.

The clean energy technology company swung to a net loss of $411.5 million, or $5.28 a share, from a profit of $818,000, or 1 cent a share, the year prior.

The company incurred $1.1 billion in impairment and other charges. It said a market analysis of its oxy-combustion technology identified slower-than-anticipated acceptance and deployment, leading to an impairment of the carrying value of the technology and associated assets.

Net Power said it would prioritize the development of clean power projects utilizing gas turbines with post-combustion carbon capture.

"The market is beginning to embrace reality: the only responsible way to meet unprecedented electricity demand growth is with natural gas power, and the only safe and proven way to do so while reducing emissions is with carbon capture," said Chief Executive Danny Rice.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

November 14, 2025 07:35 ET (12:35 GMT)

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