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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Nextracker Inc. of Class Action Lawsuit and Upcoming Deadlines - NXT
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Nextracke...
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[{"type":"text","content":"INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Nextracker Inc. of Class Action Lawsuit and Upcoming Deadlines - NXT\n\n\n\n INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Nextracker Inc. of Class Action Lawsuit and Upcoming Deadlines - NXT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n PR Newswire\n \n\n\n\n\n\n NEW YORK\n \n\n ,\n \n\n Feb. 18, 2025\n \n\n /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Nextracker Inc. (\"Nextracker\" or the \"Company\") (NASDAQ: NXT). Such investors are advised to contact\n \n Danielle Peyton\n \n at\n \n [email protected]\n \n or 646-581-9980, ext. 7980.\n \n\n\n\n\n\n\n\n\n The investigation concerns whether Nextracker and certain of its officers and/or directors have engaged in securities\n \n fraud\n \n or other unlawful business practices.\n \n\n\n\n [Click here for information about joining the class action]\n \n\n\n\n On\n \n August 1, 2024\n \n , Nextracker issued a release announcing results for its first fiscal quarter ended\n \n June 30, 2024\n \n . The release revealed that Nextracker's revenue had declined sequentially, from\n \n $737 million\n \n in the fourth fiscal quarter of 2024 to\n \n $720 million\n \n during the first fiscal quarter of 2025. Similarly, Nextracker's GAAP gross profit had declined sequentially from\n \n $340 million\n \n in the fourth fiscal quarter of 2024 to\n \n $237 million\n \n during the first fiscal quarter of 2025. Notably, the Company did not raise guidance for the first time since it became a public company, implying a slowdown in growth for the remainder of the year. In a related earnings call, Company management belatedly admitted that, notwithstanding prior representations to the contrary, Nextracker was not in fact effectively offsetting certain timing headwinds impacting the overall industry, citing, among other things, \"construction permits or interconnection delays.\"\n \n\n As a result of this news...