NET Power Inc. Securities Lawsuit Investigation

Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in securities fraud cases, is investigating potential claims against NET Power Inc. (NPWR).

If you purchased or held NET Power Inc. securities between June 09, 2023 and March 07, 2025, you may be eligible to join this class action lawsuit and seek compensation for your losses.

About NET Power Inc.

NET Power Inc. (NYSE: NPWR) is a clean energy technology company founded in 2010 and based in Durham, North Carolina. The company focuses on developing and commercializing its proprietary NET Power Cycle, a process designed to generate electricity from natural gas while capturing nearly all emissions. This technology aims to provide reliable, affordable, and lower-emission power generation.

NET Power operates a demonstration facility in La Porte, Texas, where it conducts research and equipment validation. The company’s flagship project, known as Project Permian, is intended to be its first utility-scale plant, located in the Permian Basin of West Texas. NET Power counts major industry players such as Constellation, Occidental Low Carbon Ventures, 8 Rivers Capital, and Baker Hughes among its strategic investors.

As of 2025, NET Power reported having approximately 70 employees on LinkedIn and held a strong cash position, with $533 million in cash, cash equivalents, and investments at the end of 2024.

The Allegations

The class action lawsuit alleges that NET Power Inc. and certain executives made materially false and misleading statements, or failed to disclose critical information, regarding the development of Project Permian.

Key Points:

• NET Power was unlikely to complete Project Permian on schedule and within the cost estimates provided to investors, due to ongoing supply chain issues and numerous site- and region-specific challenges.
• The company’s public projections about the time and capital required for Project Permian were unrealistic.
• These challenges and increased costs were likely to have a significant negative impact on NET Power’s business and financial results.
• As a result, public statements made by NET Power throughout the class period were materially false and misleading.

The class period covers June 09, 2023 to March 07, 2025. During this time, NET Power’s stock price experienced a significant decline, including a 31.46% drop on March 10, 2025, after the company disclosed that Project Permian’s estimated cost had ballooned to between $1.7 billion and $2.0 billion (up from previous estimates of $950 million to $1.1 billion), and that the project would not come online before 2029, which is years later than previously promised.

Further, the company announced executive departures in April 2025, which contributed to additional declines in share price. The lawsuit claims that investors suffered substantial losses as a result of these alleged misrepresentations and omissions.

Important Dates

• Class period: June 09, 2023 to March 07, 2025
• Lead plaintiff deadline: June 17, 2025
• Complaint filed: April 18, 2025

Your Rights and Next Steps

If you purchased or acquired NET Power Inc. securities during the class period, you have important legal rights. You may be eligible to join this class action lawsuit and seek to recover your losses.

Here’s what you need to know:

• You do not need to have sold your shares to participate; simply purchasing or holding during the class period may make you eligible.
• To become a lead plaintiff—the investor who represents the class and works closely with the lawyers—you must file a motion with the court no later than June 17, 2025. The lead plaintiff is typically the investor with the largest financial interest in the case, but any investor can seek this role.
• If you do not wish to serve as lead plaintiff, you can remain an absent class member and still share in any potential recovery if the case is successful.
• There is no cost or obligation to join the case. Lawyers are ready to help answer your questions and guide you through the process.
• No class has been certified yet.

You May Be Entitled to Compensation

If you invested in NET Power Inc. between June 09, 2023 and March 07, 2025 and experienced losses, you may be entitled to compensation. Lawyers are ready to help you understand your rights and determine if you qualify to join the class action lawsuit.

To get started, complete the below form to see if you are eligible to participate and to receive updates about the case.