Net Power Appoints Lee Shuman as New CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2026
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Should l Buy NPWR?
Net Power announced Lee Shuman as the new Chief Financial Officer effective April 13, 2026. Mr. Shuman formerly served as Head of Power Finance for Javelin Global Commodities and prior to that served as the CFO of WattBridge Energy.
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Analyst Views on NPWR
Wall Street analysts forecast NPWR stock price to rise
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.670
Low
3.00
Averages
4.00
High
5.00
Current: 1.670
Low
3.00
Averages
4.00
High
5.00
About NPWR
NET Power Inc is an energy technology and project development company focused on delivering low-carbon gas power solutions. The Company is engaged in development of an oxy-combustion power generation system (Oxy-Combustion Cycle) designed to produce affordable electricity from natural gas while inherently capturing carbon dioxide (CO2) and minimizing the production of air pollutants such as sulfur oxides (SOX), nitrogen oxides (NOX), and other particulates. It is engaged in developing a modular, standardized clean gas power plant product incorporating Entropy's Post-combustion carbon capture (PCC) technology (Clean Gas Product). Its technology combines oxy-combustion and a supercritical carbon dioxide (sCO2) power cycle to deliver natural gas power while capturing carbon emissions and effectively eliminating traditional pollutants. Its exploring sites are in Alberta (Canada), California, Wyoming, Midcontinent (MISO), Midatlantic (PJM), and Texas (ERCOT).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Net Power Appoints Lee Shuman as CFO Effective April 2026
- New CFO Appointment: Net Power announced the appointment of Lee Shuman as CFO effective April 13, 2026, succeeding Rice, who has served as interim CFO since April 2025, ensuring continuity and stability in financial management.
- Extensive Financial Experience: Shuman brings over 25 years of industry experience, having previously served as Head of Power Finance at Javelin Global Commodities and CFO at WattBridge Energy, where he led over $10 billion in power-related transactions, which is expected to enhance the company's financial expertise.
- Strategic Focus on Project Funding: As CFO, Shuman will oversee the company's financing strategy with an emphasis on project-level funding management, which will support the company's long-term growth and sustainability.
- Positive Stock Reaction: Following the announcement of the appointment, Net Power's shares rose by 1.32%, reflecting market confidence in the new CFO and expectations for improved financial management going forward.
See More
Net Power Appoints New Chief Financial Officer
- Executive Appointment: Net Power announced Lee Shuman as the new Chief Financial Officer effective April 13, 2026, marking a significant step in the company's strategic pivot towards commercial deployment of clean gas power plants, with Shuman's extensive experience expected to bolster financing strategies.
- Financing Expertise: Over his 25-year career, Shuman has led financing for over $10 billion in power-related transactions, including acquisitions and reorganizations, and is anticipated to leverage his project financing expertise to advance Net Power's financial engine development.
- Strategic Vision: Shuman expressed his commitment to transforming natural gas into the lowest-cost clean power form, aligning with Net Power's mission and further solidifying the company's leadership in low-carbon gas power solutions.
- Transition Plan: Current CEO Danny Rice will continue as the principal financial officer until Shuman completes the 10-Q filing for Q1 2026, ensuring a smooth transition in financial management.
See More
NET Power Ends Q4 with Strong Cash Position
- Cash Position: NET Power ended Q4 with approximately $379 million in cash, cash equivalents, and investments, providing a robust financial foundation for future operations and expansion efforts.
- Investment Potential: This substantial cash reserve not only buffers the company against market fluctuations but also lays the groundwork for future investment opportunities and strategic developments, enhancing investor confidence.
- Financial Transparency: The disclosure of NET Power's financial information reflects its solid strategies in managing cash flow and investments, indicating resilience and adaptability in the current economic environment.
- Market Outlook: As the company continues to optimize its financial position, it is expected to attract more investor interest, further boosting its competitive edge in the clean energy sector.
See More
Net Power Reports 2025 Financial Results and Strategic Developments
- Strong Demand for Clean Power: CEO Danny Rice highlighted the sustained demand for clean baseload power into the next decade, with tangible progress on the first operational natural gas power plus CCS project in collaboration with strategic partners Entropy and Oxy, aiming for a final investment decision in the second half of 2026.
- Project Development Advancements: Net Power is advancing its clean firm power development at the Project Permian site in West Texas, utilizing Siemens A35 gas turbines with a targeted electrical output of 80MW, with a final investment decision expected in the second half of 2026 and commercial operations projected for early 2029, marking it as the first commercial clean gas power project in the U.S.
- Robust Financial Position: As of Q4 2025, Net Power reported approximately $379 million in cash, cash equivalents, and investments, indicating strong financial resilience as it progresses with its clean energy initiatives.
- Investor Conference Call Scheduled: Net Power will host a conference call on March 10, 2026, at 8:30 AM ET to discuss its Q4 and full-year 2025 results, enhancing transparency and investor confidence through direct engagement on its financial performance and strategic direction.
See More
NET Power to Announce Q4 Earnings on March 6
- Earnings Announcement Schedule: NET Power is set to release its Q4 earnings on March 6 after market close, with a consensus EPS estimate of -$0.09, indicating challenges in profitability.
- Market Expectation Analysis: The anticipated negative EPS suggests the company may have faced financial pressures during the quarter, prompting investors to watch for potential issues revealed in the earnings report and their implications for future performance.
- Quant Rating Insights: Seeking Alpha's quant rating on NET Power provides an in-depth analysis of the company's financial status, aiding investors in understanding its market performance and potential risks.
- Financial Overview: NET Power's financial information highlights the company's vulnerability in the current economic environment, urging investors to closely monitor the upcoming earnings report to assess its future investment value.
See More
Citigroup Reaffirms Buy Rating on NET Power, Adjusts Price Target to $4
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information to help traders succeed in the stock market.
See More
Net Power Appoints Lee Shuman as CFO Effective April 2026
- New CFO Appointment: Net Power announced the appointment of Lee Shuman as CFO effective April 13, 2026, succeeding Rice, who has served as interim CFO since April 2025, ensuring continuity and stability in financial management.
- Extensive Financial Experience: Shuman brings over 25 years of industry experience, having previously served as Head of Power Finance at Javelin Global Commodities and CFO at WattBridge Energy, where he led over $10 billion in power-related transactions, which is expected to enhance the company's financial expertise.
- Strategic Focus on Project Funding: As CFO, Shuman will oversee the company's financing strategy with an emphasis on project-level funding management, which will support the company's long-term growth and sustainability.
- Positive Stock Reaction: Following the announcement of the appointment, Net Power's shares rose by 1.32%, reflecting market confidence in the new CFO and expectations for improved financial management going forward.
See More
Net Power Appoints New Chief Financial Officer
- Executive Appointment: Net Power announced Lee Shuman as the new Chief Financial Officer effective April 13, 2026, marking a significant step in the company's strategic pivot towards commercial deployment of clean gas power plants, with Shuman's extensive experience expected to bolster financing strategies.
- Financing Expertise: Over his 25-year career, Shuman has led financing for over $10 billion in power-related transactions, including acquisitions and reorganizations, and is anticipated to leverage his project financing expertise to advance Net Power's financial engine development.
- Strategic Vision: Shuman expressed his commitment to transforming natural gas into the lowest-cost clean power form, aligning with Net Power's mission and further solidifying the company's leadership in low-carbon gas power solutions.
- Transition Plan: Current CEO Danny Rice will continue as the principal financial officer until Shuman completes the 10-Q filing for Q1 2026, ensuring a smooth transition in financial management.
See More
NET Power Ends Q4 with Strong Cash Position
- Cash Position: NET Power ended Q4 with approximately $379 million in cash, cash equivalents, and investments, providing a robust financial foundation for future operations and expansion efforts.
- Investment Potential: This substantial cash reserve not only buffers the company against market fluctuations but also lays the groundwork for future investment opportunities and strategic developments, enhancing investor confidence.
- Financial Transparency: The disclosure of NET Power's financial information reflects its solid strategies in managing cash flow and investments, indicating resilience and adaptability in the current economic environment.
- Market Outlook: As the company continues to optimize its financial position, it is expected to attract more investor interest, further boosting its competitive edge in the clean energy sector.
See More
Net Power Reports 2025 Financial Results and Strategic Developments
- Strong Demand for Clean Power: CEO Danny Rice highlighted the sustained demand for clean baseload power into the next decade, with tangible progress on the first operational natural gas power plus CCS project in collaboration with strategic partners Entropy and Oxy, aiming for a final investment decision in the second half of 2026.
- Project Development Advancements: Net Power is advancing its clean firm power development at the Project Permian site in West Texas, utilizing Siemens A35 gas turbines with a targeted electrical output of 80MW, with a final investment decision expected in the second half of 2026 and commercial operations projected for early 2029, marking it as the first commercial clean gas power project in the U.S.
- Robust Financial Position: As of Q4 2025, Net Power reported approximately $379 million in cash, cash equivalents, and investments, indicating strong financial resilience as it progresses with its clean energy initiatives.
- Investor Conference Call Scheduled: Net Power will host a conference call on March 10, 2026, at 8:30 AM ET to discuss its Q4 and full-year 2025 results, enhancing transparency and investor confidence through direct engagement on its financial performance and strategic direction.
See More
NET Power to Announce Q4 Earnings on March 6
- Earnings Announcement Schedule: NET Power is set to release its Q4 earnings on March 6 after market close, with a consensus EPS estimate of -$0.09, indicating challenges in profitability.
- Market Expectation Analysis: The anticipated negative EPS suggests the company may have faced financial pressures during the quarter, prompting investors to watch for potential issues revealed in the earnings report and their implications for future performance.
- Quant Rating Insights: Seeking Alpha's quant rating on NET Power provides an in-depth analysis of the company's financial status, aiding investors in understanding its market performance and potential risks.
- Financial Overview: NET Power's financial information highlights the company's vulnerability in the current economic environment, urging investors to closely monitor the upcoming earnings report to assess its future investment value.
See More
Citigroup Reaffirms Buy Rating on NET Power, Adjusts Price Target to $4
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information to help traders succeed in the stock market.
See More
