NEW YORK, Feb. 22, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Nextracker Inc. (NASDAQ: NXT) between February 1, 2024 and August 1, 2024, both dates inclusive (the "Class Period"), of the important February 25, 2025 lead plaintiff deadline.So what: If you purchased Nextracker common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.Wha ...

Core Viewpoint - A class action securities lawsuit has been filed against Nextracker Inc. alleging securities fraud that negatively impacted investors between February 1, 2024, and August 1, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Nextracker misrepresented the severity of project delays affecting its business and financial results [2]. - It is alleged that permitting and interconnection delays significantly impaired Nextracker's ability to convert backlog into revenue at historical rates [2]. - The company purportedly failed to offset the negative impacts of project delays through increased client demand and the ability to expedite other projects as claimed [2]. - Nextracker is accused of lacking the competitive advantages that were said to protect it from industry-wide challenges [2]. - As a result of these issues, the defendants allegedly had no reasonable basis for their positive statements regarding Nextracker's business and financial outlook [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until February 25, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the U.S. [4].

Nextracker (NXT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this solar energy equipment supplier have returned +18%, compared to the Zacks S&P 500 composite's +2.6% change. During this period, the Zacks Solar industry, which Nextracker falls in, has lost 5.2%. The key question now is: What could be the stock's future direction?Although media reports ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Nextracker Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its business and financial prospects during a specified class period [1]. Group 1: Allegations Against Nextracker Inc. - The complaint claims that the impact of project delays on Nextracker's business was more severe than represented to investors [1]. - It is alleged that permitting and interconnection delays significantly impaired Nextracker's ability to convert backlog into revenue at historical rates [1]. - Nextracker reportedly could not offset the negative impacts from project delays through increased client demand as claimed [1]. - The company is accused of lacking the competitive advantages that were purportedly shielding it from industry-wide challenges [1]. - As a result of these issues, the defendants allegedly lacked a reasonable basis for their positive statements about Nextracker's business and financial outlook [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 1, 2024, to August 1, 2024 [1]. - Shareholders are encouraged to register for the class action by February 25, 2025, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2]. Group 3: Firm's Mission and Commitment - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated the company's stock value [3].

Core Viewpoint - The Nextracker Inc. class action lawsuit alleges that the company and certain executives made misleading statements regarding the company's business performance and failed to disclose significant project delays impacting financial results [3][4]. Group 1: Class Action Details - The class action lawsuit is titled Weber v. Nextracker Inc., and it involves purchasers of Nextracker common stock between February 1, 2024, and August 1, 2024 [1]. - Investors have until February 25, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that Nextracker's business was severely impacted by project delays, which were not adequately communicated to investors [3]. Group 2: Financial Performance - On August 1, 2024, Nextracker reported a sequential revenue decline from $737 million in Q4 2024 to $720 million in Q1 2025 [4]. - The company's GAAP gross profit also declined from $340 million in Q4 2024 to $237 million in Q1 2025 [4]. - Nextracker did not raise guidance for the first time since going public, indicating a potential slowdown in growth [4]. Group 3: Legal Representation - The plaintiff is represented by Robbins Geller Rudman & Dowd LLP, a law firm with extensive experience in prosecuting investor class actions [5]. - Robbins Geller has secured significant monetary relief for investors, recovering $6.6 billion in securities-related class action cases [7].

RADNOR, Pa., Feb. 16, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed 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 lo ...

NEW YORK, Feb. 15, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Nextracker Inc. (NASDAQ: NXT) between February 1, 2024 and August 1, 2024, both dates inclusive (the “Class Period”), of the important February 25, 2025 lead plaintiff deadline. SO WHAT: If you purchased Nextracker common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangem ...

RADNOR, Pa., Feb. 14, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California 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 2 ...

SAN DIEGO, Feb. 14, 2025 (GLOBE NEWSWIRE) -- 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 Tuesday, 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 exec ...

Core Viewpoint - Nextracker Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 1, 2024, and August 1, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Nextracker's management made false statements regarding the severity of project delays affecting the company's business and financial results [2]. - It is alleged that permitting and interconnection delays significantly impaired Nextracker's ability to convert backlog into revenue at historical rates [2]. - The complaint states that Nextracker could not offset the negative impacts of project delays through increased client demand or by pulling forward other projects as claimed [2]. - The company purportedly lacked the competitive advantages that were said to protect it from industry-wide challenges, undermining the positive statements made by management [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until February 25, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees, indicating a no-cost participation model [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities cases [4].