Investment Opportunity: Deadline Alert for Nextracker Investors

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Nextracker To Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $75,000 in Nextracker between February 1, 2024 and August 1, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

You may also click here for additional information

New York, New York--(Newsfile Corp. - January 12, 2025) - Faruqi & Faruqi, LLP, a premier national securities law firm, is investigating claims against Nextracker Inc. ("Nextracker" or the "Company") (NASDAQ: NXT) and reminds investors of the February 25, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Established in 1995, Faruqi & Faruqi is widely recognized for its success in securities litigation and has offices across New York, Pennsylvania, California, and Georgia. The firm has secured hundreds of millions of dollars for investors.

The ongoing investigation centers around allegations that Nextracker and its executives may have breached federal securities laws. These allegations include making false statements and failing to disclose vital information, such as: (1) the significant impact of project delays on Nextracker's business performance; (2) the adverse effects of permitting issues on revenue generation; (3) the failure to mitigate these delays through increased demand; (4) the non-existence of the competitive advantages that were claimed; and (5) a lack of credibility in the positive outlooks regarding the company's financial health.

On August 1, 2024, Nextracker disclosed a sequential revenue decline from $737 million in the fourth fiscal quarter of 2024 to $720 million in the first fiscal quarter of 2025, and a decrease in GAAP gross profit from $340 million to $237 million. Notably, this was the first time the company did not raise its financial guidance since going public, which suggested potential growth slowdowns ahead.

This announcement led to Nextracker's stock price dropping approximately 15% over the subsequent two trading days.

In a class action lawsuit, the role of a lead plaintiff is typically held by the investor with the largest financial stake in the case, who will guide the litigation on behalf of the class members. Investors can apply to become a lead plaintiff through their legal counsel or may choose to remain passive members of the class. Importantly, your potential to receive a share of any recovery is not impacted by whether you decide to take on a leadership role in the lawsuit.

Faruqi & Faruqi also invites anyone with information regarding Nextracker's practices, including whistleblowers, former employees, and shareholders, to reach out to them.

For more details regarding the Nextracker Inc. class action, visit www.faruqilaw.com/NXT or contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Stay updated by following us on LinkedIn, on X, or on Facebook.

Attorney Advertising. Faruqi & Faruqi, LLP (www.faruqilaw.com) is responsible for this advertisement. Previous outcomes do not guarantee similar results in future cases. We welcome inquiries concerning your specific situation, and all communications will be handled with confidentiality.

Nextracker, Securities, Lawsuit