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Levi & Korsinsky Notifies Shareholders of Nextracker Inc.(NXT) of a Class Action Lawsuit and an Upcoming Deadline

1. Lawsuit alleges securities fraud over misrepresented project delays. Investor trust is shaken. 2. Complaint claims delays worsened revenue conversion losses. Financial prospects are questioned. 3. Investors affected from Feb 2024 to Aug 2024 can sue. Deadline for claims is Feb 25, 2025.

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FAQ

Why Bearish?

The litigation alleges misrepresentations that could undermine NXT's operational and financial credibility. Similar past lawsuits have led to immediate negative market reactions and price declines.

How important is it?

The lawsuit directly challenges key business projections and revenue assumptions, which may lead to increased investor risk and price pressure.

Why Short Term?

Class action lawsuits typically create near-term uncertainty and volatility until legal outcomes are determined, as seen with other securities fraud cases.

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SEDGFSLRENPH
NEW YORK, Feb. 25, 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-submission-form?prid=131740&wire=4 NXT investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed 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. WHAT'S NEXT? If you suffered a loss in Nextracker during the relevant time frame, you have until February 25, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.33 Whitehall Street, 17th FloorNew York, NY 10004[email protected] Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com SOURCE Levi & Korsinsky, LLP

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