Investigation Launched into NET Power Inc. for Securities Violations
The Law Offices of Frank R. Cruz has announced an investigation into NET Power Inc. (“Net Power” or the “Company”) NPWR on behalf of investors regarding potential violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON NET POWER INC. (NPWR), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
Details of the Investigation
The investigation stems from Net Power’s financial results announcement on March 10, 2025. The Company disclosed that it had “finalized the Front-End Engineering and Design (FEED) for Project Permian,” but noted that “the cost estimate was significantly higher than expected.” Consequently, Net Power has paused long-lead releases for the project, estimating total installation costs between $1.7 billion and $2 billion.
Following this announcement, Net Power’s stock price plummeted by $2.18, equating to a 31.5% decrease, closing at $4.75 per share on March 10, 2025. This significant drop has raised concerns among investors regarding the potential impact on their investments.
Next Steps for Investors
Interested individuals who purchased Net Power securities and wish to participate in the investigation or obtain more information are urged to reach out. The Law Offices of Frank R. Cruz is available for inquiries regarding this situation or any related rights and interests.
The Law Offices of Frank R. Cruz
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Century City, California 90067
Call us at: 310-914-5007
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250310009947/en/
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
[email protected]
www.frankcruzlaw.com
