NPWR vs. BE

Last updated Jun 4, 2026

NPWR (NET Power Inc.) and BE (Bloom Energy Corporation) are both stocks. Both are in the Industrials sector — NPWR in Specialty Industrial Machinery, BE in Electrical Equipment & Parts. Over the past 3 years, NPWR returned -43.15%/yr vs 171.10%/yr for BE. At a 0.22 correlation, their price movements are largely independent.

Performance

NPWR vs. BE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NET Power Inc. (NPWR) and Bloom Energy Corporation (BE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NPWR achieves a -16.67% return, which is significantly lower than BE's 230.67% return.

NPWR

• 1D: -9.09%
• 1M: -4.04%
• YTD: -16.67%
• 6M: -33.80%
• 1Y: -31.16%
• 3Y*: -43.15%
• 5Y*: —
• 10Y*: —

BE

• 1D: -5.13%
• 1M: -0.46%
• YTD: 230.67%
• 6M: 180.31%
• 1Y: 1,307.74%
• 3Y*: 171.10%
• 5Y*: 63.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NPWR vs. BE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NPWR NET Power Inc.	-16.67%	-78.47%	4.85%	-0.69%	1.70%	1.52%
BE Bloom Energy Corporation	230.67%	291.22%	50.07%	-22.59%	-12.81%	1.15%

Correlation

The correlation between NPWR and BE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021	0.22

Fundamentals

Market Cap NPWR : $162.23M BE : $91.86B
EPS NPWR : -$5.87 BE : $0.02
PB Ratio NPWR : 0.31 BE : 99.69
Total Revenue (TTM) NPWR : $0.00 BE : $2.45B
Gross Profit (TTM) NPWR : -$57.90M BE : $761.91M
EBITDA (TTM) NPWR : -$202.57M BE : $88.83M

Return for Risk

NPWR vs. BE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NPWR

NPWR Risk / Return Rank: 30
NPWR Sharpe Ratio Rank: 27
NPWR Sortino Ratio Rank: 34
NPWR Omega Ratio Rank: 33
NPWR Calmar Ratio Rank: 26
NPWR Martin Ratio Rank: 28

BE

BE Risk / Return Rank: 99
BE Sharpe Ratio Rank: 100
BE Sortino Ratio Rank: 98
BE Omega Ratio Rank: 97
BE Calmar Ratio Rank: 100
BE Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NPWR vs. BE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NET Power Inc. (NPWR) and Bloom Energy Corporation (BE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NPWR	BE	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	12.43	-12.74
Sortino ratio: Return per unit of downside risk	0.15	5.31	-5.16
Omega ratio: Gain probability vs. loss probability	1.02	1.68	-0.66
Calmar ratio: Return relative to maximum drawdown	-0.45	28.79	-29.24
Martin ratio: Return relative to average drawdown	-0.71	90.96	-91.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NPWR vs. BE - Sharpe Ratio Comparison

The current NPWR Sharpe Ratio is -0.32, which is lower than the BE Sharpe Ratio of 12.43. The chart below compares the historical Sharpe Ratios of NPWR and BE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NPWR	BE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	12.43	-12.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	0.39	-0.81

Drawdowns

NPWR vs. BE - Drawdown Comparison

The maximum NPWR drawdown since its inception was -90.98%, roughly equal to the maximum BE drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for NPWR and BE.

Drawdown Indicators

	NPWR	BE	Difference
Max Drawdown Largest peak-to-trough decline	-90.98%	-92.54%	+1.56%
Max Drawdown (1Y) Largest decline over 1 year	-69.28%	-45.94%	-23.34%
Max Drawdown (3Y) Largest decline over 3 years	-90.98%	-53.42%	-37.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-75.87%	—
Current Drawdown Current decline from peak	-88.49%	-6.68%	-81.81%
Average Drawdown Average peak-to-trough decline	-36.19%	-52.06%	+15.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.99%	14.51%	+29.48%

Volatility

NPWR vs. BE - Volatility Comparison

NET Power Inc. (NPWR) has a higher volatility of 29.77% compared to Bloom Energy Corporation (BE) at 26.13%. This indicates that NPWR's price experiences larger fluctuations and is considered to be riskier than BE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NPWR	BE	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.77%	26.13%	+3.64%
Volatility (6M) Calculated over the trailing 6-month period	49.91%	75.94%	-26.03%
Volatility (1Y) Calculated over the trailing 1-year period	101.76%	106.94%	-5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.59%	85.72%	-17.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.59%	94.94%	-26.35%

Dividends

NPWR vs. BE - Dividend Comparison

Neither NPWR nor BE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NPWR and BE in my portfolio?

NPWR and BE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NPWR or BE?

NPWR has higher volatility (29.77%) compared to BE (26.13%). In terms of maximum drawdown, NPWR dropped -90.98% vs BE's -92.54%.

Which has better risk-adjusted returns?

BE currently has the higher Sharpe Ratio (12.43 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.