New York, New York–(Newsfile Corp. – January 18, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, reminds purchasers of Nextracker Inc.’s common stock. (NASDAQ: NXT) between February 1, 2024 and August 1, 2024, both dates inclusive (the “Class Period”), in material February 25, 2025 leads the plaintiff’s deadline.

WHATEVER: If you purchase Nextracker common stock during the Class Period you may be entitled to compensation free of any out-of-pocket fees or expenses through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Nextracker class action, go to https://rosenlegal.com/submit-form/?case_id=32936 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for class action information. A class action lawsuit has been filed. If you wish to serve as lead plaintiff, you must transfer the Court no later than February 25, 2025. The lead plaintiff is a representative party acting on behalf of other class members in the conduct of litigation.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, the companies issuing the notices do not have the same experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen who refer clients or partners to the law firms that actually litigate the cases. Be wise in choosing advice. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm achieved the largest securities class action settlement against a Chinese Company at that time. The Rosen Law Firm is ranked No. 1 in the ISS Securities Class action (WA:) Services for the number of securities class action settlements in 2017. The company has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the company earned over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, throughout the Class Period, the defendants made false and misleading statements and/or failed to disclose that: (1) the impact of project delays on the business, financial results, and prospects in Nextracker is worse than represented by investors; (2) permitting and interconnection delays impaired Nextracker’s ability to convert backlog into revenue at historical conversion rates; (3) Nextracker was unable to offset the negative impact of project delays through increased client demand and its alleged ability to pull forward its other projects in the manner represented by defendants; (4) Nextracker does not possess the competitive advantages that allegedly protect it from industry-wide headwinds or the ability to effectively offset the adverse effects of project delays as defendants claim; and (5) as a result of the foregoing, the defendants lacked a reasonable basis for their positive statements regarding the business, financial results, and prospects of Nextracker. When the true details entered the market, the lawsuit claimed that investors suffered damages.

To join the Nextracker class action, go to https://rosenlegal.com/submit-form/?case_id=32936 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for class action information.

No Class Verified. Until a class is certified, you will not be represented by counsel unless you hold one. You can choose the advice you want. You can also stay out of class and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on serving as the lead plaintiff.

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To view the original version of this press release, please visit https://www.newsfilecorp.com/release/237711