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February 25, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against NXT

1. Gross Law Firm notifies NXT shareholders about a class action lawsuit. Allegations claim misleading disclosures. 2. Case alleges severe project delays impacting NXT's financial results and prospects. Impact statements are disputed. 3. Shareholders are urged to contact the firm for a lead plaintiff role. Deadline is Feb 25, 2025. 4. Allegations include false positive assessments and competitive misrepresentation. Investor confidence is questioned.

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FAQ

Why Bearish?

The lawsuit raises concerns over project delays and misrepresented financial data, increasing investor uncertainty. Historically, similar legal challenges have led to short-term declines as investors react to potential hidden liabilities.

How important is it?

While the legal action could negatively affect investor sentiment and cause short-term declines, the impact may be contained if underlying operations remain strong. The matter is significant but may not drastically alter long-term fundamentals.

Why Short Term?

The news is likely to trigger immediate volatility as markets react to legal risks, though long-term fundamentals may eventually prevail. Past class action cases have shown quick price drops with recovery over time.

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SEDGENPHSPWR
NEW YORK, Feb. 20, 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=130518&from=4 CLASS PERIOD: February 1, 2024 to August 1, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (a) the impact of project delays on Nextracker's business, financial results, and prospects was far more severe than represented to investors; (b) permitting and interconnection delays had materially impaired Nextracker's ability to convert backlog into revenue at historical conversion rates; (c) Nextracker had been unable to offset the negative impact from project delays through increased client demand and the purported ability to pull forward its other projects in the manner represented by defendants; (d) Nextracker did not possess the competitive advantages which purportedly shielded it from industry-wide headwinds or the ability to effectively offset the adverse effects of project delays as claimed by defendants; and (e) as a result of (a)-(d) above, defendants lacked a reasonable basis for their positive statements about Nextracker's business, financial results, and prospects. DEADLINE: February 25, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/nextracker-inc-loss-submission-form/?id=130518&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of NXT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 25, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm

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