NEW
YORK, Jan. 2, 2025 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders
of Nextracker Inc. (NASDAQ: NXT).
Shareholders who purchased shares of NXT during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/nextracker-inc-loss-submission-form/?id=119696&from=4
CLASS PERIOD: February 1,
2024 to August 1, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (a) the
impact of project delays on Nextracker's business, financial
results, and prospects was far more severe than represented to
investors; (b) permitting and interconnection delays had materially
impaired Nextracker's ability to convert backlog into revenue at
historical conversion rates; (c) 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; (d) 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 (e) as a result of (a)-(d) above, defendants
lacked a reasonable basis for their positive statements about
Nextracker's business, financial results, and prospects.
DEADLINE: February 25, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/nextracker-inc-loss-submission-form/?id=119696&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of NXT during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is February 25, 2025. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE Gross Law Firm
