NPWR Investors Have a Critical Opportunity to Lead a Securities Fraud Lawsuit

Investors in NET Power Inc. (NYSE: NPWR) face a pivotal moment: a securities fraud class action lawsuit alleging the company misled the public about its flagship Project Permian—a utility-scale power plant in La Porte, Texas—could result in significant recoveries for those who acted during the Class Period. With a June 17, 2025, deadline to appoint a lead plaintiff, investors must act swiftly to assert their rights.

The Project Permian Crisis: A Timeline of Missteps

NET Power’s Project Permian, designed to showcase its carbon capture technology, has become a symbol of corporate mismanagement. The lawsuit, Luciani v. NET Power Inc., accuses the company of concealing delays and soaring costs while falsely assuring investors of timely completion.

The allegations hinge on two critical disclosures:
1. November 14, 2023: The company revealed Project Permian’s operational start had slipped from 2026 to late 2027/early 2028. This announcement triggered an 18% stock plunge.
2. March 10, 2025: Further delays pushed the timeline to no earlier than 2029, with costs soaring from $1.1 billion to $1.7–2.0 billion. This news caused a 31% single-day drop in NPWR’s share price.

Why the Lawsuit Matters for Investors

The case argues that NET Power’s executives made materially false statements about Project Permian’s viability, inflating the stock price during the Class Period (June 9, 2023, to March 7, 2025). The complaint highlights two core failures:
- Supply chain and logistical challenges at the Texas site were downplayed or ignored.
- Cost overruns were obscured, even as executives touted the project as a “game-changer” for carbon-free energy.

The lawsuit cites violations of the Securities Exchange Act of 1934, emphasizing that investors were denied critical information to make informed decisions.

The Race to Become Lead Plaintiff

To join the lawsuit, investors must file motions by June 17, 2025, to be considered for lead plaintiff status. The lead plaintiff must demonstrate the “greatest financial interest” and “adequacy” to represent the class.

Law firms like Robbins Geller Rudman & Dowd LLP and Glancy Prongay & Murray LLP are actively recruiting plaintiffs, citing the firm’s expertise in securities fraud cases. For example, Robbins Geller has secured over $2.5 billion in recoveries in 2024 alone, underscoring the potential for a substantial settlement here.

What’s at Stake?

The lawsuit’s success hinges on proving that Project Permian’s delays and cost overruns were foreseeable but deliberately concealed. If the plaintiffs prevail, investors who held NPWR shares during the Class Period could recover losses tied to the post-disclosure stock drops.

Consider the math:
- The 31% drop on March 10, 2025, erased $1.3 billion in market cap in a single day.
- The combined stock declines from both disclosures (November 2023 and March 2025) amount to a total loss of ~$2.1 billion for shareholders.

Conclusion: Act Now or Risk Losing Out

The Luciani v. NET Power Inc. case is a stark reminder of the risks of investing in projects with unproven technologies and opaque financial disclosures. With the lead plaintiff deadline looming, investors who owned NPWR shares during the Class Period must act swiftly to preserve their rights.

While the outcome remains uncertain, the legal landscape favors plaintiffs in cases involving material misstatements and omissions. For those who qualify, this lawsuit represents a rare opportunity to seek redress for losses tied to a project that once promised so much but delivered little. Time is running out—June 17 is not a day to miss.

Note: Investors are advised to consult with legal counsel before taking action.