Press release
Nextracker Inc. (NASDAQ: NXT) Investor Alert: Deadline in Lawsuit on February 25, 2025
A Deadline is coming up on February 25, 2025 in the lawsuit for certain investors in Nextracker Inc. (NASDAQ: NXT).
Investors who purchased shares of Nextracker Inc. (NASDAQ: NXT) have certain options and there are strict and short deadlines running. Deadline: February 25, 2025. NASDAQ: NXT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Nextracker Inc. (NASDAQ: NXT) common shares between February 1, 2024 and August 1, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 1, 2024 and August 1, 2024, the defendants made false and/or misleading statements and/or failed to disclose that the impact of project delays on Nextracker's business, financial results, and prospects was far more severe than represented to investors, that permitting and interconnection delays had materially impaired Nextracker's ability to convert backlog into revenue at historical conversion rates, that Nextracker had been unable to offset the negative impact from project delays through increased client demand and the purported ability to pull forward its other projects in the manner represented by defendants, that Nextracker did not possess the competitive advantages which purportedly shielded it from industry-wide headwinds or the ability to effectively offset the adverse effects of project delays as claimed by defendants, and that consequently, defendants lacked a reasonable basis for their positive statements about Nextracker's business, financial results, and prospects.
Those who purchased shares of Nextracker Inc. (NASDAQ: NXT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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