NET Power, Inc. (NYSE: NPWR)

This investigation is for anyone who acquired securities in NET Power, Inc. (NYSE: NPWR) from May 13, 2024 through March 9, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely disclose to investors that the cost of the Company’s Project Permian was significantly higher than expected.

On March 10, 2025, Net Power released its fourth quarter and full year 2024 financial results, disclosing the Company had “finalized the Front-End Engineering and Design (FEED) for Project Permian” but the “cost estimate was significantly higher than expected and, as a result, the Company has paused long-lead releases for the project.” Specifically, the Company revealed it is “estimating total installed cost will be $1.7 billion to $2 billion.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in NET Power, Inc. (NYSE: NPWR) from May 13, 2024 through March 9, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.