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NXT REMINDER: Kessler Topaz Meltzer & Check, LLP Urges NXT Investors with Losses to Contact the Firm

1. Nextracker faces a securities class action lawsuit for misleading investors. 2. Allegations include project delays severely impacting financial results and prospects. 3. Investors can join the lawsuit as lead plaintiffs until February 25, 2025. 4. Nextracker’s growth claims are disputed; competitive advantages were overstated. 5. Legal action could lead to financial recovery for affected investors.

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FAQ

Why Very Bearish?

The class action lawsuit may undermine investor confidence, similar to past litigation impacts.

How important is it?

The lawsuit's potential financial implications are likely to affect NXT's stock price significantly.

Why Short Term?

The immediate legal concerns will likely influence price volatility in the short term.

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NXT
RADNOR, Pa., Jan. 09, 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 25, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Nextracker losses, you may CLICK HERE or copy and paste the following in your browser: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com. DEFENDANTS’ ALLEGED MISCONDUCT:The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the impact of project delays on Nextracker’s business, financial results, and prospects was far more severe than represented to investors; (2) permitting and interconnection delays had materially impaired Nextracker’s ability to convert backlog into revenue at historical conversion rates; (3) 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; (4) 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 (5) consequently, Defendants lacked a reasonable basis for their positive statements about Nextracker’s business, financial results, and prospects. Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtu.be/BNpOUt95LDU THE LEAD PLAINTIFF PROCESS:Nextracker investors may, no later than February 25, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Nextracker investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:      Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087info@ktmc.com May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

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