Robbins LLP Urges NET Power Inc. Shareholders to Join Class Action Suit

On May 27, 2025, Robbins LLP announced an important reminder for shareholders of NET Power Inc. (NYSE: NPWR). A class action lawsuit has been filed, aimed at representing all individuals and entities that purchased or otherwise acquired NPWR securities between June 9, 2023, and March 7, 2025. This legal action comes in response to serious allegations regarding misleading information provided by NET Power about its clean energy project, specifically Project Permian.

Background of the Allegations

Investors have raised concerns that NET Power failed to disclose critical information about Project Permian, which was expected to play an essential role in the company’s financial success. The lawsuit claims that NET Power misrepresented the time and costs required to complete this project, leading investors to believe that it was progressing more smoothly than reality.

Key allegations include:
1. Unrealistic Projections: The company's predictions regarding the completion timeline and capital expenditures required for Project Permian were deemed unrealistic. Robbins LLP asserts that hidden challenges related to supply chains and site-specific issues significantly hampered the project’s progress.
2. Stock Price Drop: Evidence shows that as the true state of the project became clear—leading to the revelation of an extended timeline for power generation and increased costs—NET Power's stock experienced devastating downgrades. Notably, on November 14, 2023, when the company announced a delay, shares plunged over 18% in a single day to $10.85 per share.
3. Further Costs and Delays: By March 10, 2025, NET Power disclosed an estimated installed project cost ranging from $1.7 billion to $2.0 billion, far exceeding earlier estimates of approximately $1.1 billion. This announcement prompted a further drop in stock price by over 31%, closing at $4.75 per share.

How to Participate

Shareholders who purchased NET Power Inc. securities during the specified period may be eligible to participate in this significant class action lawsuit. If you wish to serve as a lead plaintiff, it is crucial to file the necessary paperwork with the court by June 17, 2025. The lead plaintiff will act as a representative for other class members, guiding the litigation process. Fortunately, participation is not mandatory for recovery—those choosing not to engage can remain as absent class members.

Robbins LLP operates on a contingency fee basis, ensuring that stakeholders incur no fees or expenses unless a recovery is achieved. This structure emphasizes the firm's commitment to protecting shareholder rights while pursuing justice through litigation.

About Robbins LLP

Founded in 2002, Robbins LLP has established itself as a leader in shareholder rights litigation, advocating for shareholders worldwide to recover losses and ensure corporate accountability. Their expertise is vital for affected investors during challenging times like these.

For investors looking to stay informed on legal developments or to receive updates regarding potential settlements, it’s beneficial to sign up for their Stock Watch alerts.

If you believe you have grounds for participating in this class action or wish to learn more about your rights as shareholders of NET Power, you can reach Robbins LLP directly through their website or by calling their office at (800) 350-6003.

Attorney Advertising: Prior results do not guarantee a similar outcome in future cases.

By acting early, Net Power shareholders can ensure their voices are heard in holding the company accountable for its actions.