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NXT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Nextracker Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Gros...
About this update from Nextgen Digital Platforms, Inc.
[{"type":"text","content":"NXT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Nextracker Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit\n\n\n\n NEW YORK, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Nextracker Inc. (“Nextracker” or “the Company”) (NASDAQ: NXT) and certain of its officers.\n \n\n\n Class Definition\n \n\n\n This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Nextracker securities between February 1, 2024 and August 1, 2024, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site:\n \n bgandg.com/NXT.\n \n\n\n\n Case Details\n \n\n\n 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.\n \n\n\n What's Next?\n \n\n\n A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site:\n \n bgandg.com/NXT.\n \n or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you...