NEW
YORK, Jan. 13, 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=122001&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=122001&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