Press release
Investigation announced for Long-Term Investors in Nextracker Inc. (NASDAQ: NXT) concerning potential Wrongdoing
An investigation on behalf of current long term investors in Nextracker Inc. (NASDAQ: NXT) shares.
Investors who are current long term investors in Nextracker Inc. (NASDAQ: NXT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: NXT stocks follows a lawsuit filed against Nextracker Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: NXT stocks, concerns whether certain Nextracker Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, 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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