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NXT Class Action Lawsuit Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Nextracker Inc. (NXT) Investors that a Securities Fraud Class Action Lawsuit Has Been Filed
Radnor, Pennsylvania--(Newsfile Corp. - January 13, 2025) - The law firm of Kessler Topaz Meltze...
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[{"type":"text","content":"NXT Class Action Lawsuit Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Nextracker Inc. (NXT) Investors that a Securities Fraud Class Action Lawsuit Has Been FiledRadnor, Pennsylvania--(Newsfile Corp. - January 13, 2025) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been 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=rYou 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...