FARUQI & Faruqi, LLP Securities Valing Partner James (Josh) Wilson Investors who have been exposed to losses at Nextracker encourages him directly to discuss their options
If you buy or get securities in Nextracker Between February 1, 2024 and August 1, 2024 And you want to discuss your legal rights, contact Faruqi & Faruqi partner Josh Wilson directly in 877-247-4292 or 212-983-9330 (Divide 1310).
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New York, New York – (NewSfile Corp. – January 26, 2025) – Faruqi & Faruqi, LLP, a leading law firm and national in the field of securities, achieves potential claims against Nextracker Inc. (“Nextracker” or “The Company”) (NASDAQ: NXT) and mention investors from February 25, 2025, the deadline To request the main role of the prosecutor in a collective lawsuit for federal securities that were submitted against the company.
Faruqi & Faruqi is a pioneering law firm and national company with offices with offices in New York, Pennsylvania, California and Georgia. The company has regained hundreds of millions of dollars to investors since its establishment in 1995. See www.faruqilaw.com.
As shown below, the complaint claims that the company and its executives have violated federal securities laws by making wrong and/misleading data and/or failed to reveal: (1) The impact of delay in the project on Nextracker works, financial results, and prospects were Much more severe than representatives of investors. (2) The permit and delays led to physical weakness in Nextracker’s ability to convert accumulation into revenue at historical transformation rates; (3) Nextracker has not been able to compensate for the negative impact of delaying the project by increasing the demand for customers and the alleged ability to advance forward its other projects in the way represented by the defendants; (4) Nextracker did not have the competitive advantages that it was claimed to protect from the opposite winds at the industry level or the ability to compensate for the harmful effects of delay in the project as the defendants claimed; And (5), consequently, the defendants lacked a reasonable basis for their positive data on the business of Nextracker, financial results, and prospects.
Nextracker also claims that on August 1, 2024 Nextracker revealed that its revenues decreased in succession, from 737 million dollars in the fourth fiscal quarter from 2024 to 720 million dollars during the first fiscal quarter of 2025. The fourth fiscal quarter from 2024 to 237 million dollars during the first fiscal quarter in 2025. In particular, Nextracker has not raised the directive for the first time since it became a public company, which implicitly slowed down in growth for the rest of the year.
On this news, the price of Nextracker fell about 15 % over two days trading.
The main prosecutor appointed by the court is the investor who possesses the largest financial interest in the relief that the separation is looking for, which is appropriate and moderate for the members of the separation who direct and supervise the litigation on behalf of the supposed class. Any member of the supposed class may move the court to work as a major prosecutor through the lawyer he chooses, or he may choose not to do anything and stay a member absent in the classroom. Your ability to participate in any recovery is not affected by the work decision as a major prosecutor.
Faruqi & Faruqi, LLP also encourages anyone who has information about Nextracker’s behavior to contact the company, including those whose violations, former employees, shareholders, and others.
Lawyer advertisement. The Law Office in charge of this announcement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Previous results do not guarantee or predict similar results regarding any future issue. We welcome the opportunity to discuss your own condition. All connections will be dealt with in a secret way.
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