Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian's timeline and costs, which have led to significant stock price declines and investor losses [4][6]. Group 1: Allegations and Financial Impact - The complaint alleges that NET Power and its executives violated federal securities laws by making false statements and failing to disclose that Project Permian was unlikely to be completed on schedule and would be significantly more expensive than previously represented [6]. - The company now estimates Project Permian's total installed cost to be between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion, indicating a substantial increase in projected expenses [9]. - Following the announcement of delays and increased costs, NET Power's stock price fell by 18.54% to $10.85 per share on November 14, 2023, and by 31.46% to $4.75 per share on March 10, 2025 [8][9]. Group 2: Management Changes and Investor Actions - On April 15, 2025, NET Power announced the departure of its President and COO, as well as its CFO, which resulted in a further stock price decline of 5.75% to $2.13 per share [10]. - Investors who suffered losses during the specified period are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options for participating in a federal securities class action [4][12].

In the latest trading session, Cloudflare (NET) closed at $121, marking a +1.79% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.74% for the day. Elsewhere, the Dow saw an upswing of 0.05%, while the tech-heavy Nasdaq appreciated by 1.26%.The web security and content delivery company's stock has climbed by 0.25% in the past month, exceeding the Computer and Technology sector's loss of 6.23% and the S&P 500's loss of 4.77%.Analysts and investors alike will be keeping ...

Core Viewpoint - NET Power Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period from June 9, 2023, to March 7, 2025, which has led to significant financial implications for the company and its investors [1][3]. Group 1: Lawsuit Details - Investors have until June 17, 2025, to file lead plaintiff applications in the lawsuit against NET Power [1]. - The lawsuit is pending in the United States District Court for the Middle District of North Carolina [1]. - The case is identified as Luciani v. Net Power Inc., et al., No. 25-cv-00296 [5]. Group 2: Financial Impact - On March 10, 2025, NET Power announced that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, a significant increase from the previous estimate of $1.1 billion [4]. - The timeline for Project Permian has been delayed, with expectations for it to come online no earlier than 2029, compared to the prior estimate of the second half of 2027 to the first half of 2028 [4]. - Following this announcement, NET Power's share price fell by $2.18, or 31.46%, closing at $4.75 per share on March 10, 2025 [5].

NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of NET Power Inc. (NYSE: NPWR, NPWR.WS) between June 9, 2023 and March 7, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 17, 2025. SO WHAT: If you purchased NET Power securities during the Clas ...

SAN DIEGO, April 23, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired NET Power Inc. (NYSE: NPWR) securities between June 9, 2023 and March 7, 2025. NET Power is a clean energy technology company. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that NET Power Inc. (NPWR) Misled In ...

Core Viewpoint - NET Power Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period, which has led to significant financial implications for the company and its investors [3]. Company Information - NET Power Inc. trades on the NYSE under the ticker NPWR and is currently involved in a class action lawsuit that requires investors who purchased securities between June 9, 2023, and March 7, 2025, to file lead plaintiff applications by June 17, 2025 [1][2]. Financial Results - On March 10, 2025, NET Power announced its financial results for Q4 and the full fiscal year 2024, revealing that the estimated total installed cost for Project Permian has increased to between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion [4]. - The timeline for Project Permian has also been significantly delayed, with expectations for it to come online no earlier than 2029, compared to the earlier estimate of the second half of 2027 to the first half of 2028 [4]. Market Reaction - Following the announcement of the increased costs and delays, NET Power's share price dropped by $2.18, or 31.46%, closing at $4.75 per share on March 10, 2025 [5].

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 22, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises NET Power Inc. ("NET Power " or the "Company") (NASDAQ: APLT) investors of a class action representing investors that bought securities between June 9, 2023 and March 7, 2025, inclusive (the "Class Period"). NET Power investors have until June 17, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Port ...

Core Viewpoint - A class action lawsuit has been filed against NET Power, Inc. for allegedly making false and misleading statements regarding its business operations and the completion of its Project Permian [1][4]. Company Overview - NET Power, Inc. is a clean energy technology company focused on its "Net Power Cycle" technology, which aims to generate reliable and affordable electricity from natural gas while capturing nearly all emissions [3]. - The company operates a demonstration facility in La Porte, Texas, to validate its technology and is developing its first utility-scale plant, Project Permian, located in the Permian Basin of West Texas [3]. - The estimated cost for Project Permian has increased from approximately $950 million in 2023 to $1.1 billion in 2024, with expectations for the project to be operational by 2026 [3]. Legal Allegations - The lawsuit claims that throughout the class period, NET Power's management made materially false and misleading statements about the company's operations and prospects, particularly regarding the completion timeline and costs of Project Permian [4]. - Allegations include that the company was unlikely to complete Project Permian on schedule and that the project would incur significantly higher costs due to supply chain issues and other challenges [4]. - The complaint asserts that these misrepresentations had a substantial negative impact on the company's business and financial results [4].

Group 1 - A class action has been filed against NET Power Inc. on behalf of investors who purchased securities between June 9, 2023, and March 7, 2025 [1] - The allegations include that NET Power misled investors about the timeline and costs associated with Project Permian, indicating that the project would be delayed and more expensive than previously stated due to supply chain issues and other challenges [2] - Following the announcement of third quarter 2023 results, NET Power's stock fell over 18% after revealing a 12-month delay in the expected schedule for Project Permian [3] Group 2 - On March 10, 2025, NET Power disclosed that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, significantly higher than the previous estimate of $1.1 billion, and announced a delay in the project's timeline to no earlier than 2029 [4] - The company reported a decrease in cash and cash equivalents from $580 million to $533 million, primarily due to operating cash outflows and capital expenditures [4] - Following the fourth quarter and full year 2024 results announcement, NET Power's stock price fell over 31% to close at $4.75 per share [4]

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against NET Power Inc. ("Net Power" or the "Company") (NYSE:NPWR) and certain officers. The class action, filed in the United States District Court for the Middle District of North Carolina, and docketed under 25-cv-00296, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Net Power securities between June 9, 2023 and March 7, ...