Nextracker Inc. Class Action Lawsuit Alert: Johnson Fistel Announces Shareholders with Losses Should Contact the Law Firm for More Information

Core Viewpoint - A class action lawsuit has been initiated against Nextracker Inc. on behalf of investors who suffered losses between February 1, 2024, and August 1, 2024, due to alleged misleading statements regarding the company's business and financial prospects [1][2]. Summary by Sections Lawsuit Details - The lawsuit seeks to recover losses for investors who acquired Nextracker securities during the specified class period [1]. - Investors have until February 25, 2025, to apply to the Court to be appointed as lead plaintiff [1][3]. Allegations Against Nextracker - The lawsuit alleges that Nextracker made false and misleading statements about the severity of project delays impacting its business and financial results [2]. - Specific claims include: - The impact of project delays was more severe than represented [2]. - Permitting and interconnection delays impaired the ability to convert backlog into revenue [2]. - Nextracker could not offset negative impacts from project delays through increased client demand [2]. - The company lacked the competitive advantages claimed to shield it from industry-wide challenges [2]. - Consequently, the positive statements made by defendants lacked a reasonable basis [2]. Investor Action Steps - Shareholders who incurred losses during the class period can move the court to become a lead plaintiff by February 25, 2025 [3]. - The lead plaintiff will represent all class members and can select a law firm of their choice for litigation [3]. - Participation as a lead plaintiff does not affect an investor's ability to share in any potential recovery from the lawsuit [3]. About Johnson Fistel, LLP - Johnson Fistel, LLP is a recognized law firm specializing in shareholder rights and securities class action lawsuits, with offices in multiple states [4]. - The firm represents both individual and institutional investors, including foreign investors who have purchased on US exchanges [4].