Investor Alert: Lead Plaintiff Motion Deadline for NET Power Inc.

The Law Offices of Howard G. Smith is notifying investors about the approaching June 17, 2025 deadline to file a lead plaintiff motion. This case involves investors who purchased NET Power Inc. (“Net Power” or the “Company”) NPWR securities during the period from June 9, 2023 to March 7, 2025 (the “Class Period”).

ATTENTION: INVESTORS WHO LOST MONEY IN NET POWER INC. (NPWR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO JOIN THE SECURITIES FRAUD LAWSUIT.

For inquiries about your legal rights, please reach the Law Offices of Howard G. Smith via email at [email protected] or call (215) 638-4847. You can also visit our website at www.howardsmithlaw.com.

Background on the Case

On November 14, 2023, ahead of market hours, Net Power announced its third-quarter 2023 financial results. The company cited “tightness in the global supply chain,” which led to a delay in its first utility-scale plant, Project Permian. It now expects initial power generation to occur between the second half of 2027 and the first half of 2028, pushing back from the earlier 2026 schedule.

Following this announcement, Net Power’s stock dropped $2.47, or 18.5%, closing at $10.85 per share on November 14, 2023, negatively impacting investors.

Later, on March 10, 2025, the company released its fourth-quarter and full-year 2024 financial results, revealing that while it had “finalized the Front-End Engineering and Design (FEED) for Project Permian,” the cost estimates were significantly higher than anticipated. The total cost for the project was now estimated to be between $1.7 billion to $2 billion, leading to a pause in long-lead releases for the project.

As a consequence, the stock price fell by $2.18, or 31.5%, to close at $4.75 per share on March 10, 2025.

On April 15, 2025, the company also announced the departure of its President and Chief Operating Officer, alongside the Chief Financial Officer. This news further impacted the company’s stock, causing a $0.13 drop, or 5.8%, to close at $2.13 per share on April 16, 2025, deepening investor losses.

Details of the Lawsuit

The complaint filed in this class action contends that during the Class Period, the Defendants issued materially false and misleading statements while failing to disclose significant adverse information regarding the Company’s business and future prospects. Key allegations include: (1) Net Power was unlikely to finish Project Permian on time, and it would face a significantly higher cost; (2) the projections provided regarding the timeline and capital required were unrealistic; (3) the delays and additional costs could have a serious negative effect on the Company; and (4) as a result, the positive remarks made by the Defendants about the Company’s performance were misleading.

If you acquired Net Power securities during the Class Period, you have the opportunity to file a motion in Court no later than June 17, 2025 to request appointment as lead plaintiff, provided you meet certain legal criteria.

How to Get Involved or Obtain More Information:

For further details on this class action or questions regarding your rights or potential involvement, please reach out to us:

Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.

You do not need to take any action to be part of this class action at this time; you have the option to retain your own counsel or remain an absent class member without taking further steps.

This announcement may be considered Attorney Advertising in specific jurisdictions under applicable laws and ethical standards.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250423410988/en/

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com