New York, New York–(Newsfile Corp. – January 25, 2025) – FOR WHAT: Rosen Law Firm, an international 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”), the important Deadline February 25, 2025 for principal applicant.
AND THEN: If you purchased Nextracker common stock during the Class Period, you may be entitled to compensation without payment of any fees or costs 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 case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to act as lead applicant, you must move the 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 THE ROSEN LAW: We encourage investors to select qualified advisors with a proven track record in leadership roles. Often, companies issuing reviews do not have significant experience, resources, or peer recognition. Many of these firms do not actually defend securities class actions, but are simply intermediaries who refer clients or partner with law firms that actually litigate the cases. Be careful when choosing a lawyer. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm reached the largest securities class action settlement against a Chinese company at the time. Rosen Law Firm Ranked #1 by ISS Securities Class Action (WA:) Services for number of securities class action settlements in 2017. The firm 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 secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of the 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, defendants made false and misleading statements and/or failed to disclose that: (1) the impact of project delays on the business, financial results and Nextracker’s prospects were much more serious than investors believed; (2) permitting and interconnection 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 the 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 possess the competitive advantages that allegedly protected it from industry-wide headwinds or the ability to effectively offset the negative effects of project delays, as defendants claimed; and (5) as a result of the foregoing, Defendants did not have a reasonable basis for their positive statements about Nextracker’s business, financial results and prospects. When the true details were leaked to the market, the lawsuit claims 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 case@rosenlegal.com for information on the class action.
No classes have been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent member of the group and do nothing at this point. An investor’s ability to participate in any potential future recovery is not dependent on its status as lead plaintiff.
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