NXT Deadline: NXT Investors with Losses in Excess of $100K Have Opportunity to Lead Nextracker, Inc. Securities Fraud Lawsuit

Core Viewpoint - Rosen Law Firm is reminding purchasers of Nextracker Inc. common stock about the upcoming lead plaintiff deadline for a class action lawsuit, indicating potential compensation for affected investors [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to Nextracker Inc. common stock purchases made between February 1, 2024, and August 1, 2024 [1]. - Investors who purchased stock during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - The deadline to move the Court to serve as lead plaintiff is February 25, 2025 [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3]. Group 3: Allegations Against Nextracker - The lawsuit alleges that Nextracker made false and misleading statements regarding the impact of project delays on its business and financial results [4]. - Specific claims include that permitting and interconnection delays severely impaired Nextracker's ability to convert backlog into revenue and that the company lacked the competitive advantages it claimed [4]. - The lawsuit asserts that when the true details were revealed, investors suffered damages due to the misleading information provided by Nextracker [4].