NEW
YORK, Jan. 9, 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=121490&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=121490&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 The Gross Law Firm
