NXT DEADLINE: Investors Are Encouraged to Contact Kaplan Fox Before the Lead Plaintiff Deadline on February 25, 2025

1 week ago 3

NEW YORK - January 11, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a people enactment suit has been filed against Nextracker Inc. (Nextracker oregon the Company) (NASDAQ: NXT) connected behalf of investors that purchased oregon different acquired Nextracker securities betwixt February 1, 2024 and August 1, 2024 (the Class Period).

CLICK HERE TO JOIN THE CASE

If you are an capitalist successful Nextracker and person suffered losses, you whitethorn CLICK HERE to interaction us. You whitethorn besides interaction Kaplan Fox by emailing pmayer@kaplanfox.com oregon by calling (646) 315-9003.

DEADLINE REMINDER: If you are a subordinate of the projected Class, you whitethorn determination the tribunal nary aboriginal than February 25, 2025 to service arsenic a pb plaintiff for the purported class. If you person losses we promote you to interaction america to larn much astir the pb plaintiff process.

Nextracker provides products and services that purportedly alteration star panels to travel the suns question to optimize inferior powerfulness works performance.

According to the complaint, during the Class Period, contempt the anticipation of task delays and the materially adverse quality of specified occurrences to the Companys concern and prospects, defendants repeatedly downplayed the interaction that task delays were having connected the Companys business. Specifically, the ailment alleges that defendants represented that immoderate delays were constricted to isolated projects and much than offset by expanding concern opportunities and lawsuit demand.

However, connected August 1, 2024, aft market, Nextracker issued a property merchandise reporting a diminution successful gross for the fiscal archetypal 4th of 2025 (the 4th ended June 30, 2024) compared to the 4th fiscal 4th of 2024. During the related net telephone held the aforesaid day, erstwhile asked by an expert if this was a displacement from the Companys anterior commentary, Nextrackers President stated [i]t is simply a spot of a shift, honestly.

Following this news, the terms of Nextracker communal banal fell $4.85 per share, astir 10.4%, connected August 2, 2024 to adjacent astatine $41.98 per stock and continued to diminution the adjacent trading time by astir 5% to adjacent astatine $39.81 per stock connected August 5, 2024.

The ailment alleges, among different things, that passim the Class Period, Defendants made mendacious and/or misleading statements and/or failed to disclose that (i) the interaction of task delays connected Nextrackers business, fiscal results, and prospects was acold much terrible than represented to investors; (ii) permitting and interconnection delays had materially impaired Nextrackers quality to person backlog into gross astatine humanities conversion rates; (iii) Nextracker had been incapable to offset the antagonistic interaction from task delays done accrued lawsuit request and the purported quality to propulsion guardant its different projects successful the mode represented by defendants; and (iv) Nextracker did not person the competitory advantages which purportedly shielded it from industry-wide headwinds oregon the quality to efficaciously offset the adverse effects of task delays arsenic claimed by defendants.

WHY CONTACT KAPLAN FOX - Kaplan Fox is simply a starring nationalist instrumentality steadfast focusing connected analyzable litigation with offices successful New York, Oakland, Los Angeles, Chicago and New Jersey. With implicit 50 years of acquisition successful securities litigation, Kaplan Fox offers the nonrecreational acquisition and way grounds that clients demand. Through prosecuting cases connected the national and authorities levels, Kaplan Fox has successfully shaped the instrumentality done winning galore important decisions connected behalf of our clients. For much accusation astir Kaplan Fox & Kilsheimer LLP, you whitethorn sojourn our website astatine www.kaplanfox.com .

This property merchandise whitethorn beryllium considered Attorney Advertising successful immoderate jurisdictions nether the applicable instrumentality and ethical rules.

If you person immoderate questions astir this Notice, your rights, oregon your interests, delight contact:

CONTACT:

Pamela A. Mayer

KAPLAN FOX & KILSHEIMER LLP

800 Third Avenue, 38th Floor

New York, New York 10022

(646) 315-9003

pmayer@kaplanfox.com

Laurence D. King

KAPLAN FOX & KILSHEIMER LLP

1999 Harrison Street, Suite 1560

Oakland, California 94612