New York, New York – (Newsfile Corp. – January 25, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Nextracker Inc. (NASDAQ: NXT) common stock between February 1, 2024 and August 1, 2024, both dates inclusive (the “Class Period”) February 25, 2025 Lead Plaintiff Deadline.
SO AND: If you purchased Nextracker common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Nextracker class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=32936 or call Phillip Kim, Esq. to. Call us toll-free at 866-767-3653 or email cases@rosenlegal.com for class action information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must file the motion Court no later than February 25, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified advisors who have a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually litigate securities class actions, but are simply middlemen who refer clients or work with law firms that actually litigate the cases. Be smart when choosing your advisor. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese company. Rosen Law Firm was Ranked No. 1 by the ISS Securities Class action (WA:) Services for the number of securities class action settlements in 2017. The company has ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and misleading statements and/or failed to disclose that: (1) the impact of project delays on Nextracker’s business, financial results, and prospects was far more severe than it was to investors was presented; (2) approval and connection delays had materially 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 customer demand and the purported ability to advance its other projects in the manner represented by Defendants; (4) Nextracker did not have the competitive advantages that purportedly protected it from industry-wide headwinds nor the ability to effectively offset the adverse effects of project delays, as alleged by Defendants; and (5) as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about Nextracker’s business, financial results, and prospects. When the true details came to light, the lawsuit says investors suffered harm.
To join the Nextracker class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=32936 or call Phillip Kim, Esq. to. Call us toll-free at 866-767-3653 or email cases@rosenlegal.com for class action information.
No class has been certified. Until a course is certified, you will not be represented by legal counsel unless you hire one. You can choose a lawyer of your choice. You can also remain an absent course participant at this point and do nothing. An investor’s ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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