NET Power Lawsuit: A Critical Moment for Shareholder Recovery – Act Now or Risk Losing Out

The lawsuit Luciani v. NET Power Inc. has ignited a race against time for investors who bought shares during the company’s period of alleged deception. With a stock price collapsing by over 30% in March 2025 and a looming June 17 deadline to join the class action, shareholders face a pivotal decision: act swiftly to recover losses—or risk forfeiting their chance. Here’s why this moment demands immediate attention.

The Case Against NET Power: A Pattern of Misleading Claims

NET Power, a clean energy firm touting its “first-of-a-kind” carbon-capture technology, promised investors a revolutionary utility-scale power plant: Project Permian, located in West Texas. But according to the lawsuit, executives concealed critical risks:

1. Timeline Deception:
2. 2023: Publicly stated the plant would be operational by 2026.
3. November 2023: Admitted delays, pushing the timeline to 2027–2028, citing “supply chain issues.”

4. March 2025: Confessed further delays to no earlier than 2029, alongside cost blowouts.

5. Cost Blowouts:

6. Initial 2023 estimate: $950 million.
7. Revised 2024 estimate: $1.1 billion.

8. Final 2025 reckoning: $1.7–2.0 billion, driven by “first-of-a-kind” and “site-specific” expenses.

9. Financial Strain:
   Cash reserves dropped from $580 million (Q3 2024) to $533 million (end of 2024), with leadership shakeups (COO and CFO exits) worsening investor confidence.

The result? A stock price that plummeted 31% in a single day on March 10, 2025, as reality hit.

Why This Matters: The Stock’s Trajectory Speaks Volumes

The market’s reaction to these disclosures is stark proof of material misstatements:

• November 14, 2023: The 12-month delay announcement caused the stock to drop 18.5%, closing at $10.85.
• March 10, 2025: The $1.7–2.0 billion cost revelation triggered a 31.46% free fall, with shares closing at $4.75.
• April 15, 2025: Leadership departures sent the stock down another 5.75%, to $2.13—a 78% decline from its June 2023 highs.

The Legal Clock is Ticking: June 17 Is Your Deadline

Investors who purchased NPWR shares between June 9, 2023, and March 7, 2025, are urged to join the class action by June 17, 2025. Here’s why:

1. Recover Damages: The lawsuit seeks compensation for losses caused by the company’s alleged lies about Project Permian’s viability.
2. Shape the Case: Becoming a lead plaintiff gives you a say in how the case proceeds—and potentially higher recovery.
3. Hold Executives Accountable: The complaint targets not just the company but its top officers, including CEO Daniel J. Rice IV, former CFO Akash Patel, and ex-COO Brian Allen.

What to Do Next: Act Now or Risk Being Left Behind

• Contact a Law Firm:
• Pomerantz LLP: Lead counsel (Danielle Peyton at newaction@pomlaw.com or 646-581-9980).
• Faruqi & Faruqi, LLP: Contact partner Josh Wilson at 877-247-4292 for losses over $50,000.

• Robbins Geller Rudman & Dowd LLP: Submit inquiries via info@rgrdlaw.com.

• File by June 17: Missing this deadline means forfeiting your chance to participate in any settlement or judgment.

Conclusion: This Is Your Last Chance to Act

NET Power’s story is a cautionary tale of overpromising and underdelivering in the high-stakes world of green energy. The stock’s collapse isn’t just a market reaction—it’s evidence of a systemic failure to disclose risks. For investors who bought during the class period, this lawsuit is their only path to recovery.

The clock is ticking. Don’t let years of losses vanish without a fight. Contact a law firm today—and seize this window to hold NET Power accountable.

This article is for informational purposes only. Investors should consult legal counsel for personalized advice.