Pomerantz Law Firm Launches Investigation Into NET Power Inc. for Possible Investor Fraud
Investigation of NET Power Inc. by Pomerantz Law Firm
Pomerantz LLP, a prominent law firm, has initiated an investigation aimed at understanding potential claims of securities fraud or unethical business practices concerning NET Power Inc. (NYSE: NPWR). This inquiry targets the company's management, with a focus on any actions taken that may have harmed investors and misrepresented the company’s fiscal health.
Following the release of financial and operational results for Q4 and full-year 2024 on March 10, 2025, NET Power disclosed it had $533 million in cash, adequate for its ongoing operations but significantly reduced from $580 million in the previous quarter. The decrease was attributed to operational cash outflows of $13 million and capital expenditures reaching $29 million. This alarming financial news triggered a drastic fall in the company’s stock, resulting in a decline of $2.18 per share, representing a staggering 31.46% drop, closing at $4.75 per share the same day.
This event has raised eyebrows among investors and has prompted Pomerantz LLP to act promptly. The law firm is urging those that believed they were misled or harmed to come forward, especially in light of the recent financial downturn. Investors affected by this situation are encouraged to reach out to Pomerantz to explore potential participation in class-action litigation, with the aim of recovering losses incurred due to possible discrepancies or misconduct by NET Power and its officers.
Pomerantz LLP has an eminent history of handling securities class actions since its foundation by Abraham L. Pomerantz, who is acknowledged for his efforts in advocating for the rights of those victimized by corporate fraud. The firm has played a critical role in securing multimillion-dollar awards for investors who faced losses due to corporate misconduct.
In light of the significant reductions in NET Power's financial stability as reported, it is essential for investors to stay informed about their rights and the possibilities of legal recourse. Pomerantz is well-equipped to offer assistance, with its experienced team ready to navigate the complexities of securities law.
For those who feel impacted by this situation, Danielle Peyton from Pomerantz is available for consultation at [email protected] or by calling 646-581-9980, extension 7980. Investors are advised to act swiftly to secure legal representation as timelines for opportunistic litigation can be limited in nature.