ROSEN, A GLOBAL AND LEADING LAW FIRM, encourages Nextracker, Inc. investors. to provide counsel before an important deadline in a securities class action

New York, New York–(Newsfile Corp. – January 11, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Nextracker Inc. common stock. (NASDAQ: NXT ) between February 1, 2024 and August 1, 2024, both dates inclusive (the “Class Period”), on important February 25, 2025 deadline for the chief prosecutor.

SO WHAT: If you purchased Nextracker common stock during the Class Period, you may be entitled to compensation without paying any out-of-pocket fees or expenses 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 about the class action. A class action lawsuit has already been filed. If you want to serve as chief prosecutor, you have to move The court no later than February 25, 2025. The lead plaintiff is the representative party that acts on behalf of the other class members in the conduct of the litigation.

WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in successful leadership roles. Often the companies issuing the notices do not have comparable experience, resources or any significant recognition from their peers. Many of these firms do not actually initiate securities class action lawsuits, but are merely brokers who refer clients or are partners with the law firms that actually initiate the cases. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and equity derivative litigation. The Rosen Law Firm has reached the largest securities class action settlement to date against a Chinese company. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (WA:) Services for numerous 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 more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Law360 Claimant Bar Association Titan. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, during the Lecture Period, the defendants made false and misleading statements and/or failed to disclose that: (1) the impact of the project delay on Nextracker’s business, financial results and prospects was far more serious than was represented to investors; (2) delays in licensing and interconnection materially impaired Nexttracker’s ability to convert backlog into revenue at historical conversion rates; (3) Nextracker was unable to neutralize the adverse effect of project delays through increased client demand and an alleged ability to withdraw 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 neutralize the negative effects of project delays as Defendants alleged; and (5) as a result of the foregoing, Defendants had no reasonable basis for their positive statements about Nextracker’s business, financial results and prospects. When the true details came to market, the lawsuit alleges, 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 about the class action.

No class is certified. Until the class is certified, you will not be represented by an attorney unless you retain one. You can choose a lawyer of your choice. You can also remain an absent member of the class and do nothing at this time. An investor’s ability to participate in a potential future recovery does not depend on whether it is the lead plaintiff.

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To view the original version of this press release, visit https://www.newsfilecorp.com/release/236824