NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Nextracker Inc. (NASDAQ: NXT) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Nextracker, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/nextracker-inc. Investors have until February 25, 2025, to ask the Court to be appointed to ...

NEW YORK, Jan. 14, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Nextracker Inc. ("Nextracker" or the "Company") (NASDAQ: NXT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Nextracker investors who were adversely affected by alleged securities fraud between February 1, 2024 and August 1, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/nextracker-inc-lawsuit-submis ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Nextracker Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to project delays impacting the company's financial performance and prospects [1][2]. Group 1: Allegations Against Nextracker Inc. - The complaint alleges that Nextracker's management made materially false and misleading statements about the severity of project delays affecting the company's business and financial results [1]. - It is claimed that permitting and interconnection delays significantly impaired Nextracker's ability to convert backlog into revenue at historical rates [1]. - The company purportedly failed to offset the negative impacts of project delays through increased client demand or by pulling forward other projects as claimed [1]. - Allegations include that Nextracker did not possess the competitive advantages it claimed, which purportedly shielded it from industry-wide challenges [1]. - As a result of these issues, the defendants allegedly lacked a reasonable basis for their positive statements regarding Nextracker's business and financial outlook [1]. Group 2: Class Action Participation - Shareholders who purchased Nextracker shares during the class period from February 1, 2024, to August 1, 2024, are encouraged to register for the class action by February 25, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. - Participation in the class action does not incur any costs or obligations for the shareholders [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].

SAN DIEGO, Jan. 13, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Nextracker Inc. (NASDAQ: NXT) common stock between February 1, 2024 and August 1, 2024, all dates inclusive (the "Class Period"), have until February 25, 2025 to seek appointment as lead plaintiff of the Nextracker class action lawsuit.  Captioned Weber v. Nextracker Inc., No. 24-cv-09467 (N.D. Cal.), the Nextracker class action lawsuit charges Nextracker as well as certain of Nextracker's top executive of ...

RADNOR, Pa., Jan. 11, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been against Nextracker Inc. ("Nextracker") (NASDAQ: NXT) on behalf of those who purchased or otherwise acquired Nextracker common stock between February 1, 2024, and August 1, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is February 25, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered Nextracker losses, ...

SAN DIEGO, Jan. 9, 2025 /PRNewswire/ -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities who purchased or otherwise acquired Nextracker Inc. (NASDAQ: NXT) common stock between February 1, 2024 and August 1, 2024. Nextracker provides software that enables solar panels to follow the sun's movement across the sky and related products and services.For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.The Allegat ...

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=4CLASS PERIOD: February 1, 2024 to Augus ...

SAN DIEGO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Nextracker Inc. (NASDAQ: NXT) common stock between February 1, 2024 and August 1, 2024, both dates inclusive (the “Class Period”), have until February 25, 2025 to seek appointment as lead plaintiff of the Nextracker class action lawsuit. Captioned Weber v. Nextracker Inc., No. 24-cv-09467 (N.D. Cal.), the Nextracker class action lawsuit charges Nextracker as well as certain of Nextracke ...

Core Viewpoint - Nextracker (NXT) is positioned well to continue its trend of beating earnings estimates, making it a stock worth considering for investors [1]. Group 1: Earnings Performance - Nextracker has a strong history of surpassing earnings estimates, averaging a 46.24% beat over the last two quarters [2]. - In the most recent quarter, Nextracker reported earnings of $0.97 per share, exceeding the expected $0.64 per share by a surprise of 51.56% [3]. - For the previous quarter, the company reported $0.93 per share against an estimate of $0.66 per share, resulting in a surprise of 40.91% [3]. Group 2: Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Nextracker, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of another earnings beat [4]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - Nextracker currently has an Earnings ESP of +12.50%, suggesting analysts are optimistic about the company's earnings prospects [7]. Group 3: Earnings Release Information - The next earnings report for Nextracker is expected to be released on January 28, 2025 [7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Nextracker Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements about the company's business and financial performance [2][4]. Group 1: Allegations Against Nextracker - The complaint alleges that Nextracker and its executives made false or misleading statements regarding the severity of project delays impacting the company's business and financial results [4]. - It is claimed that permitting and interconnection delays significantly impaired Nextracker's ability to convert backlog into revenue at historical rates [4]. - The lawsuit asserts that Nextracker could not offset the negative impacts from project delays through increased client demand as previously claimed [4]. - The company allegedly lacked the competitive advantages that were said to protect it from industry-wide challenges [4]. - Consequently, the defendants are accused of lacking a reasonable basis for their positive statements about Nextracker's business outlook [4]. Group 2: Financial Performance - On August 1, 2024, Nextracker disclosed a sequential revenue decline from $737 million in Q4 2024 to $720 million in Q1 2025 [5]. - Nextracker's GAAP gross profit also fell from $340 million in Q4 2024 to $237 million in Q1 2025 [5]. - Notably, Nextracker did not raise guidance for the first time since going public, indicating a potential slowdown in growth for the remainder of the year [5]. Group 3: Market Reaction - Following the announcement of the revenue decline, Nextracker's stock price dropped approximately 15% over two trading days [6].