---
title: "NET Power shareholders affirm board leadership and auditor"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288903842.md"
description: "NET Power shareholders elected three new Class III directors and ratified KPMG LLP as the independent auditor at its June 3, 2026 annual meeting. These decisions ensure board continuity and stable financial oversight through 2029. The company maintains a 'Hold' rating with a $3.00 price target, while AI analysis labels it 'Neutral' due to weak current financials despite positive long-term project milestones."
datetime: "2026-06-05T20:37:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288903842.md)
  - [en](https://longbridge.com/en/news/288903842.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288903842.md)
---

# NET Power shareholders affirm board leadership and auditor

NET Power ( (NPWR) ) has provided an update.

NET Power Inc. held its annual meeting of stockholders on June 3, 2026, at which shareholders elected three Class III directors, Joseph Kelliher, Brad Pollack and Daniel J. Rice IV, to serve on the board until the 2029 annual meeting. The meeting also saw stockholders ratify the appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, reinforcing the firm’s audit framework and continuity in financial oversight.

These governance decisions consolidate board leadership for the next three years and maintain stability in NET Power’s external audit relationship. The outcomes provide clarity for investors on the company’s long-term board composition and financial reporting arrangements, signaling continuity in corporate oversight at a time when energy technology companies face growing scrutiny over strategy and performance.

The most recent analyst rating on (NPWR) stock is a Hold  
with a $3.00 price target.  
To see the full list of analyst forecasts on NET Power stock,  
see the NPWR Stock Forecast page.

**Spark’s Take on NPWR Stock**

According to Spark, TipRanks’ AI Analyst, NPWR is a Neutral.

The score is held down primarily by extremely weak current financials (no meaningful revenue, large losses, and sizable cash burn). Offsetting factors include low leverage and a generally positive earnings-call outlook with defined project milestones, but execution hinges on securing offtake and advancing a pre-FID project on a multi-year timeline; technical momentum is improving but looks short-term overbought.

To see Spark’s full report on NPWR stock,  
click here.

**More about NET Power**

NET Power Inc. is a publicly traded energy technology company focused on advancing power generation solutions. The company operates in the power and clean energy sector, with governance and financial oversight structured through a board of directors and an independent registered public accounting firm to support its strategic and operational activities.

**Average Trading Volume:** 800,699

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $427M

Find detailed analytics on NPWR stock on TipRanks’ Stock Analysis page.

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