05:09 AM EDT, 08/13/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Net Power ( NPWR ) shares were up 8.9% in premarket activity on Tuesday after the company overnight reported a narrower net loss in Q2.

The company reported a Q2 net loss late Monday of $0.06 per diluted share, narrowing from a $4.51 loss a year earlier.

Analysts polled by Capital IQ expected a loss of $0.05 normalized.

Revenue for the quarter ended June 30 was $238,000, up from $125,000 a year earlier. Comparable analyst estimates were not available.

Net Power ( NPWR ) was formed after a merger with Rice Acquisition on June 8, 2023.

Price: 9.07, Change: +0.74, Percent Change: +8.88