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NXT Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Nextracker Inc. (NXT) Shareholders of Deadline in Securities Fraud Class Action Lawsuit

1. A class action lawsuit is filed against Nextracker for misleading statements. 2. The lawsuit concerns false claims about project delays and financial results. 3. Plaintiffs allege severe impacts on revenue and backlog conversion rates. 4. The lead plaintiff deadline is February 25, 2025, for affected investors. 5. Kessler Topaz Meltzer & Check, LLP encourages investors to seek action.

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FAQ

Why Very Bearish?

Lawsuits typically harm stock prices due to investor uncertainty, as seen in similar cases.

How important is it?

The lawsuit directly challenges Nextracker's credibility, affecting investor trust and stock value.

Why Short Term?

Lawsuits tend to cause immediate negative impact while potential long-term effects depend on outcomes.

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NXT
RADNOR, Pa., Jan. 17, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed 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 [email protected]. 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, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. SOURCE Kessler Topaz Meltzer & Check, LLP

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