Billionaire David Einhorn’s 5 Stock Picks with Huge Upside Potential

3. NET Power Inc. (NYSE:NPWR)

Greenlight Capital’s Stake Value: $42,840,361

Upside Potential as of December 1: 117.98%

NET Power Inc. (NYSE:NPWR) is a clean energy technology company developing its proprietary NET Power Cycle, which transforms natural gas into low-cost, clean and reliable power. It plans to deploy its utility-scale plants across the world by partnering with local communities, power producers, energy producers, technology providers and other stakeholders.

NET Power Inc. (NYSE:NPWR) went public through a merger with Rice Acquisition Corp. II (NYSE:RONI), a publicly traded special purpose acquisition company, in June 2023. The transaction implied an enterprise value of nearly $1.5 billion for the combined company and provided more than $675 million in gross proceeds.

NET Power Inc. (NYSE:NPWR) is currently working on its first Texas-based project located near Midland-Odessa, Project Permian, and expects to achieve initial power generation sometime between the second half of 2027 and first half of 2028. It had $645 million of cash and short-term investments and no debt, at the end of Q3 2023.

NET Power Inc. (NYSE:NPWR) ranks 3^rd on our list of billionaire David Einhorn’s 10 stock picks with huge upside potential. The shares of the company were owned by 19 hedge funds with a total value of $133 million. Greenlight Capital owned 2.9 million shares of the company, valued at $43 million. The stock accounted for 2.43% weightage in the firm’s 13F portfolio.