NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- 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. CONTACT US HERE: https://securitiesclasslaw.com/securities/net-power-inc-loss-submission-form/?id=144445&from=3  CLASS PERIOD: June 9, 2023 to ...

SAN DIEGO, April 23, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of NET Power Inc. (NYSE: NPWR; NPWR WS) securities between June 9, 2023 and March 7, 2025, inclusive (the "Class Period"), have until June 17, 2025 to seek appointment as lead plaintiff of the NET Power class action lawsuit.  Captioned Luciani v. NET Power Inc., No. 25-cv-00296 (M.D.N.C.), the NET Power class action lawsuit charges NET Power and certain of NET Power's top executi ...

NEW YORK, April 22, 2025 /PRNewswire/ --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 Class Perio ...

Core Viewpoint - NET Power Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company misled investors regarding the timeline and costs associated with its Project Permian [1][2]. Company Overview - NET Power operates as an energy technology company focused on developing its first utility-scale plant, referred to as Project Permian, located in La Porte, Texas [2]. - The company has been conducting research and equipment validation testing as part of its project development efforts [2]. Allegations and Financial Impact - The lawsuit alleges that NET Power made false or misleading statements about the likelihood of completing Project Permian on schedule and the associated costs, which were expected to be significantly higher than previously represented [2]. - On November 14, 2023, NET Power announced a delay in the project timeline, now expecting initial power generation between the second half of 2027 and the first half of 2028, which was a significant shift from the original 2026 target. This announcement led to an over 18% drop in the company's stock price [3]. - On March 10, 2025, NET Power revised its total installed cost estimate for Project Permian to between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion. The project timeline was further extended to no earlier than 2029, resulting in a more than 31% decline in stock price following the announcement [4]. - On April 15, 2025, the announcement of the departure of key executives, including the President and COO, led to a nearly 6% drop in NET Power's stock price [5]. Legal Process - Investors who purchased NET Power securities during the class period have until June 17, 2025, to seek appointment as lead plaintiff in the class action lawsuit [1][6]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7].

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Middle District of North Carolina on behalf of all persons or entities who purchased or otherwise acquired NET Power Inc. (“Net Power” or the “Company”) (NYSE: NPWR) securities between June 9, 2023 and March 7, 2025, inclusive (the “Class Period”). The lawsuit seeks to recover damages for the Company’s investors under the federal s ...

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of NET Power Inc. (“Net Power” or the “Company”) (NYSE: NPWR) between June 9, 2023 and March 7, 2025, inclusive. For more information, submit a form at NET Power Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us at (212) ...

ATLANTA, April 21, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against NET Power Inc. (“Net Power” or “the Company”) (NYSE: NPWR). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts regarding Net Power’s business, operations, and prospects, including allegations that: (i) Net Power was unlikely to complete Project Permian on schedule, and the project was likely to be significantly more expensi ...

LOS ANGELES, April 7, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of NET Power Inc. ("Net Power" or "the Company") (NYSE: NPWR) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Net Power announced its financial results for Q4 and full-year 2024 on March 10, 20 ...

Financial Data and Key Metrics Changes - The company closed 2024 with $533 million in cash, down from approximately $580 million at the end of Q3, reflecting $13 million in operating cash outflows and $29 million in capital expenditures [50][51] - Total capital expenditures for the full year were roughly $70 million, with operating cash outflows of approximately $32 million [51][52] - The estimated total installed cost for Project Permian has increased to $1.7 billion to $2 billion, representing an approximately 100% increase from earlier estimates [14][15] Business Line Data and Key Metrics Changes - The completion of the front-end engineering and design (FEED) for Project Permian marked a significant milestone, with no fatal flaws identified in the technology or plant design [5][12] - The company has initiated a post-FEED optimization and value engineering exercise to reduce costs for Project Permian [8][37] - The La Porte demonstration facility has achieved over 140 fired hours of operation during the first phase of the equipment validation program [46] Market Data and Key Metrics Changes - The energy sector is experiencing unprecedented demand for reliable generation capacity, driven by underinvestment in power infrastructure and rapid load growth, particularly from AI and data centers [6][9] - The company anticipates that the market will remain tight through the end of the decade, with significant competition for new baseload generation solutions [96][100] Company Strategy and Development Direction - The company aims to be the lowest cost source of clean, firm power by focusing on cost optimization, modular design, and strategic partnerships [11][58] - Future priorities include completing feasibility studies for multi-unit projects along the Gulf Coast and seeking to raise capital for commercialization [19][21] - The company is exploring opportunities to unlock the embedded value of its technology through licensing and industrial-scale applications [27][48] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by inflationary pressures and tight supply chains in the energy sector, impacting project costs and timelines [11][16] - The company remains optimistic about its technology's potential to deliver clean, reliable, and affordable energy, despite current market challenges [57][58] - Management emphasized the importance of securing strategic capital partners to fund future projects and achieve economic commercialization [55][106] Other Important Information - The company is evaluating other creative ways to commercialize its technology, including partnerships for industrial applications [27][48] - The collaboration with Baker Hughes and Woodside Energy aims to develop an industrial-scale Net Power solution for smaller applications [47] Q&A Session Summary Question: Can you break out labor costs and productivity assumptions within the FEED? - Management indicated that they cannot provide a detailed breakdown but noted that market supply-demand imbalances and escalation in material and labor costs contributed to the increase [63][65] Question: How do you see thermal CapEx declining over the next several years? - Management expressed skepticism about CapEx deflation in the near term due to tight supply chains and emphasized the importance of multi-pack deployments for cost reductions [70][71] Question: Can you discuss milestones for modularization? - Management confirmed ongoing efforts to maximize modularization at Project Permian and plans to explore feasibility for future deployments [83] Question: Any updates on discussions with the DOE? - Management noted alignment with the current administration's focus on domestic energy security and the potential benefits of the 45Q tax credit [87][90] Question: How are financial partners approaching funding? - Management indicated that strategic partners are focused on the pathway to deploying Net Power units at scale, aligning with the 2030 to 2035 timeframe [105][106]

Fourth Quarter 2024 Results March 10, 2025 Important Notice Cautionary Note Regarding Forward-Looking Statements and Projections. Certain statements in this presentation may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, each as amended. Forward-looking statements provide current expectations of future events and include any statement that doe ...