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NXT CLASS ACTION DEADLINE: Kaplan Fox Reminds Investors of a Class Action Lawsuit Against Nextracker Inc. (NXT) and Lead Plaintiff Deadline on February 25, 2025
NEW YORK - February 14, 2025 ( NEWMEDIAWIRE ) -  Kaplan Fox & Kilsheimer LLP announces ...
About this update from Nextgen Digital Platforms, Inc.
[{"type":"text","content":"NXT CLASS ACTION DEADLINE: Kaplan Fox Reminds Investors of a Class Action Lawsuit Against Nextracker Inc. (NXT) and Lead Plaintiff Deadline on February 25, 2025NEW YORK - February 14, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Nextracker Inc. (“Nextracker” or the “Company”) (NASDAQ: NXT) on behalf of investors that purchased or otherwise acquired Nextracker securities between February 1, 2024 and August 1, 2024 (the “Class Period”).\nCLICK HERE TO JOIN THE CASE\nIf you are an investor in Nextracker and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.\n\nDEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than February 25, 2025 to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process.\nNextracker provides products and services that purportedly enable solar panels to follow the sun’s movement to optimize utility power plant performance.\nAccording to the complaint, during the Class Period, despite the possibility of project delays and the materially adverse nature of such occurrences to the Company’s business and prospects, defendants repeatedly downplayed the impact that project delays were having on the Company’s business. Specifically, the complaint alleges that defendants represented that any delays were limited to isolated projects and more than offset by expanding business opportunities and client demand.\nHowever, on August 1, 2024, after market, Nextracker issued a press release reporting a decline in revenue for the fiscal first quarter of 2025 (the quarter ended June 30, 2024) compared to the fourth fiscal quarter of 2024.  During the related earnings call held the same day, when asked by an analyst if this was a shift from the Company’s prior commentary, Nextracker’s President stated “[i]t is a bit of a shift, honestly.”\nFollowing this news, the price of Nextracker common stock fell $4.85 per share, about 10.4%, on August 2, 2024 to close at $41.98 per share and continued to decline the next trading day by abo...