Rosen, a top-ranked law firm, encourages Nextracker, Inc. Investors to secure advisors before important deadline in securities class action

New York, New York -(Newsfile Corp. -January 26, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, is reminding customers of Nextracker Inc.’s common stock. (NASDAQ: NXT ) between February 1, 2024 and August 1, 2024, both dates inclusive (“Class Period”), the relevant February 25, 2025, the main prosecution deadline.

So what: If you purchased Nextracker common stock during the class period, you may be entitled to compensation without paying any out-of-pocket compensation or expenses through a contingency compensation arrangement.

What 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 class action information. A class action lawsuit has already been filed. If you want to serve as chief prosecutor, you have to move Court no later than February 25, 2025. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select a qualified advisor with a track record of leadership. Often the companies issuing the notices do not have comparable experience, resources or any significant peer recognition. Many of these firms do not actually pair securities class actions, but are merely brokers who relate to clients or partner with the law firms that actually litigate the cases. Be wise in choosing your advice. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen law firm achieved the largest securities class action settlement against a Chinese company at that time. Law firm Rosen ranked 1st in ISS Securities Action (WA 🙂 Services for the number of action settlements for securities in 2017. The company has been ranked in the top 4 every year since 2013 and has accounted for hundreds of millions of dollars for investors. In 2019 alone, the company secured more than $438 million for investors. In 2020, founder Laurence Rosen was named a titan of plaintiffs by Law360. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

Case details: According to the lawsuit, throughout the class, the defendants 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 represented to investors; (2) allowing the delay and interconnection materially impaired Nextracker’s ability to convert the backlog into revenue at historical conversion rates; (3) Nextracker was unable to offset the adverse impact of project delays through increased client demand and the alleged ability to withdraw its other projects in the manner represented by Defendants; (4) Nextracker did not possess the competitive advantages that allegedly shielded it from industry-wide headwinds or 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 entered the market, the lawsuit alleges, investors were harmed.

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 class action information.

No classes are certified. Until the class is certified, the attorney does not represent you if you do not retain it. You can choose the advice of your choice. You can also remain an absent member of the class and do nothing at this time. The investor’s ability to share in any potential future recovery is not dependent on the service of the lead plaintiff.

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