1. NPWR faces class action for misleading statements to investors. 2. Allegations include delays and increased costs for Project Permian. 3. Shareholders can join the class action by June 17, 2025. 4. False projections may significantly harm NPWR's financial performance. 5. Legal action could influence stock price and investor sentiment.
The allegations against NPWR cast doubts on its project viability, potentially leading to a decline in investor confidence, similar to past cases where delayed projects negatively impacted stock prices.
The class action lawsuit could lead to significant financial consequences, informing investors of the risks when making decisions.
Immediate term reactions may occur as investors digest this news, similar to past legal actions affecting stock prices in the tech and renewable sectors.
NEW YORK, May 5, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of NET Power, Inc. (NYSE: NPWR).
Shareholders who purchased shares of NPWR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
https://securitiesclasslaw.com/securities/net-power-inc-loss-submission-form/?id=146612&from=4
June 9, 2023 to March 7, 2025
The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Net Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and the project was likely to be significantly more expensive than defendants had represented, because of, inter alia, supply chain issues and numerous site- and region-specific challenges; (ii) accordingly, defendants' projections regarding the time and capital needed to complete Project Permian were unrealistic; (iii) the increased time and capital needed to complete Project Permian were likely to have a significant negative impact on the Company's business and financial results; and (iv) as a result, defendants' public statements were materially false and misleading at all relevant times.
June 17, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/net-power-inc-loss-submission-form/?id=146612&from=4
Once you register as a shareholder who purchased shares of NPWR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 17, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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