{"id":810690,"date":"2025-02-09T10:18:06","date_gmt":"2025-02-09T15:18:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nxt-investor-alert-nextracker-inc-investors-with-substantial-losses-have-opportunity-to-lead-shareholder-class-action-lawsuit\/"},"modified":"2025-02-09T10:18:06","modified_gmt":"2025-02-09T15:18:06","slug":"nxt-investor-alert-nextracker-inc-investors-with-substantial-losses-have-opportunity-to-lead-shareholder-class-action-lawsuit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nxt-investor-alert-nextracker-inc-investors-with-substantial-losses-have-opportunity-to-lead-shareholder-class-action-lawsuit\/","title":{"rendered":"NXT INVESTOR ALERT: Nextracker Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">SAN DIEGO<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 9, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <b><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4358252-1&amp;h=2048988579&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-nextracker-inc-class-action-nxt.html&amp;a=Robbins+Geller+Rudman+%26+Dowd+LLP\" target=\"_blank\" rel=\"nofollow\">Robbins <span class=\"xn-person\">Geller Rudman<\/span> &amp; Dowd LLP<\/a><\/b> announces that purchasers of Nextracker Inc. (NASDAQ: NXT) common stock between <span class=\"xn-chron\">February 1, 2024<\/span> and <span class=\"xn-chron\">August 1, 2024<\/span>, all dates inclusive (the &#8220;Class Period&#8221;), have until <span class=\"xn-chron\">Tuesday, February 25, 2025<\/span> to seek appointment as lead plaintiff of the <i>Nextracker <\/i>class action lawsuit.\u00a0 Captioned <i>Weber v. Nextracker Inc.<\/i>, No. 24-cv-09467 (N.D. Cal.), the <i>Nextracker<\/i> class action lawsuit charges Nextracker as well as certain of Nextracker&#8217;s top executive officers with violations of the Securities Exchange Act of 1934.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2542335\/robbins_geller_rudman_and_dowd_llp_logo_v2_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2542335\/robbins_geller_rudman_and_dowd_llp_logo_v2_Logo.jpg\" title=\"Robbins Geller Rudman &amp; Dowd LLP (PRNewsfoto\/Robbins Geller Rudman &amp; Dowd LLP)\" alt=\"Robbins Geller Rudman &amp; Dowd LLP (PRNewsfoto\/Robbins Geller Rudman &amp; Dowd LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>If you suffered substantial losses and wish to serve as lead plaintiff of the <i>Nextracker <\/i>class action lawsuit, please provide your information here:<\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4358252-1&amp;h=2003367959&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-nextracker-inc-class-action-nxt.html&amp;a=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-nextracker-inc-class-action-nxt.html\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.rgrdlaw.com\/cases-nextracker-inc-class-action-nxt.html<\/a><br \/>\n        <\/b>\u00a0<\/p>\n<p>\n        <b>You can also contact attorneys <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4358252-1&amp;h=2494438745&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-nextracker-inc-class-action-nxt.html&amp;a=J.C.+Sanchez\" target=\"_blank\" rel=\"nofollow\">J.C. Sanchez<\/a> or <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4358252-1&amp;h=2405305405&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-nextracker-inc-class-action-nxt.html&amp;a=Jennifer+N.+Caringal\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Jennifer N. Caringal<\/span><\/a> of Robbins Geller by calling 800\/449-4900 or via e-mail at <a href=\"mailto:info@rgrdlaw.com\" target=\"_blank\" rel=\"nofollow\">info@rgrdlaw.com<\/a>.<\/b>\n      <\/p>\n<p>\n        <b>CASE ALLEGATIONS: <\/b>Nextracker is a supplier of software solutions and products that enable solar panels to follow the sun&#8217;s movements across the sky to optimize utility power plant performance.<\/p>\n<p>The <i>Nextracker<\/i> class action lawsuit <span>alleges<\/span> that throughout the Class Period defendants made false and\/or misleading statements and\/or failed to disclose that: (i)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 the impact of project delays on Nextracker&#8217;s business, financial results, and prospects was far more severe than represented to investors; (ii) permitting and interconnection delays had materially impaired Nextracker&#8217;s ability to convert backlog into revenue at historical conversion rates; (iii) 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; (iv) 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 (v) consequently, defendants lacked a reasonable basis for their positive statements about Nextracker&#8217;s business, financial results, and prospects.<\/p>\n<p>The <i>Nextracker<\/i> class action lawsuit further <span>alleges<\/span> that on <span class=\"xn-chron\">August 1, 2024<\/span> Nextracker revealed that its revenue had declined sequentially, from <span class=\"xn-money\">$737 million<\/span> in the fourth fiscal quarter of 2024 to <span class=\"xn-money\">$720 million<\/span> during the first fiscal quarter of 2025.\u00a0 Similarly, Nextracker&#8217;s GAAP gross profit had declined sequentially from <span class=\"xn-money\">$340 million<\/span> in the fourth fiscal quarter of 2024 to <span class=\"xn-money\">$237 million<\/span> during the first fiscal quarter of 2025.\u00a0 Notably, Nextracker did not raise guidance for the first time since it became a public company, implying a slowdown in growth for the remainder of the year.\u00a0 On this news, the price of Nextracker stock fell approximately 15% over two trading days.<\/p>\n<p>The plaintiff is represented by Robbins Geller, which has <b><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4358252-1&amp;h=3461527600&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-securities-fraud.html&amp;a=extensive+experience\" target=\"_blank\" rel=\"nofollow\">extensive experience<\/a><\/u><\/b> in prosecuting investor class actions including actions involving financial <span>fraud<\/span>.\u00a0 You can view a copy of the complaint by clicking <b><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4358252-1&amp;h=2264062010&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fassets%2Fhtmldocuments%2Fcomplaints%2FNextracker-Complaint.pdf&amp;a=here.\" target=\"_blank\" rel=\"nofollow\">here.<\/a><\/b><\/p>\n<p>\n        <b>THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Nextracker common stock during the Class Period to seek appointment as lead plaintiff in the <i>Nextracker<\/i> class action lawsuit.\u00a0 A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.\u00a0 A lead plaintiff acts on behalf of all other class members in directing the <i>Nextracker<\/i> class action lawsuit.\u00a0 The lead plaintiff can select a law firm of its choice to litigate the <i>Nextracker<\/i> class action lawsuit.\u00a0 An investor&#8217;s ability to share in any potential future recovery of the <i>Nextracker<\/i> class action lawsuit is not dependent upon serving as lead plaintiff.<\/p>\n<p>\n        <b>ABOUT ROBBINS GELLER<\/b>: Robbins Geller Rudman &amp; Dowd LLP is one of the world&#8217;s leading law firms representing investors in securities <span>fraud<\/span> cases.\u00a0 Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors.\u00a0 We recovered <span class=\"xn-money\">$6.6 billion<\/span> for investors in securities-related class action cases \u2013 over <span class=\"xn-money\">$2.2 billion<\/span> more than any other law firm in the last four years.\u00a0 With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs&#8217; firms in the world and the Firm&#8217;s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever \u2013 <span class=\"xn-money\">$7.2 billion<\/span> \u2013 in <i>In re Enron Corp. Sec. Litig.<\/i>\u00a0 Please visit the following page for more information:<\/p>\n<p>\n        <b><br \/>\n          <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4358252-1&amp;h=1314021155&amp;u=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-securities-fraud.html&amp;a=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-securities-fraud.html\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.rgrdlaw.com\/services-litigation-securities-<span>fraud<\/span>.html<\/a><br \/>\n        <\/b>\n      <\/p>\n<p>Past results do not guarantee future outcomes.\u00a0<\/p>\n<p>Services may be performed by attorneys in any of our offices.\u00a0<\/p>\n<p>Contact:<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Robbins Geller Rudman &amp; Dowd LLP<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 J.C. Sanchez, <span class=\"xn-person\">Jennifer N. Caringal<\/span><\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 655 W. Broadway, Suite 1900, <span class=\"xn-location\">San Diego, CA<\/span> 92101<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 800-449-4900<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <b><a href=\"mailto:info@rgrdlaw.com\" target=\"_blank\" rel=\"nofollow\">info@rgrdlaw.com<\/a><\/b><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA14732&amp;sd=2025-02-09\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/nxt-investor-alert-nextracker-inc-investors-with-substantial-losses-have-opportunity-to-lead-shareholder-class-action-lawsuit-302371591.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/nxt-investor-alert-nextracker-inc-investors-with-substantial-losses-have-opportunity-to-lead-shareholder-class-action-lawsuit-302371591.html<\/a><\/p>\n<p>SOURCE  Robbins Geller Rudman &amp; Dowd LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA14732&amp;Transmission_Id=202502091015PR_NEWS_USPR_____LA14732&amp;DateId=20250209\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN DIEGO , Feb. 9, 2025 \/PRNewswire\/ &#8212; Robbins Geller Rudman &amp; Dowd LLP announces that purchasers of Nextracker Inc. (NASDAQ: NXT) common stock between February 1, 2024 and August 1, 2024, all dates inclusive (the &#8220;Class Period&#8221;), have until Tuesday, February 25, 2025 to seek appointment as lead plaintiff of the Nextracker class action lawsuit.\u00a0 Captioned Weber v. Nextracker Inc., No. 24-cv-09467 (N.D. Cal.), the Nextracker class action lawsuit charges Nextracker as well as certain of Nextracker&#8217;s top executive officers with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Nextracker class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-nextracker-inc-class-action-nxt.html \u00a0 You can also &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nxt-investor-alert-nextracker-inc-investors-with-substantial-losses-have-opportunity-to-lead-shareholder-class-action-lawsuit\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NXT INVESTOR ALERT: Nextracker Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-810690","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NXT INVESTOR ALERT: Nextracker Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nxt-investor-alert-nextracker-inc-investors-with-substantial-losses-have-opportunity-to-lead-shareholder-class-action-lawsuit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NXT INVESTOR ALERT: Nextracker Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN DIEGO , Feb. 9, 2025 \/PRNewswire\/ &#8212; Robbins Geller Rudman &amp; Dowd LLP announces that purchasers of Nextracker Inc. (NASDAQ: NXT) common stock between February 1, 2024 and August 1, 2024, all dates inclusive (the &#8220;Class Period&#8221;), have until Tuesday, February 25, 2025 to seek appointment as lead plaintiff of the Nextracker class action lawsuit.\u00a0 Captioned Weber v. Nextracker Inc., No. 24-cv-09467 (N.D. Cal.), the Nextracker class action lawsuit charges Nextracker as well as certain of Nextracker&#8217;s top executive officers with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Nextracker class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-nextracker-inc-class-action-nxt.html \u00a0 You can also &hellip; Continue reading &quot;NXT INVESTOR ALERT: Nextracker Inc. 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Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/nxt-investor-alert-nextracker-inc-investors-with-substantial-losses-have-opportunity-to-lead-shareholder-class-action-lawsuit\/","og_locale":"en_US","og_type":"article","og_title":"NXT INVESTOR ALERT: Nextracker Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit - Market Newsdesk","og_description":"PR Newswire SAN DIEGO , Feb. 9, 2025 \/PRNewswire\/ &#8212; Robbins Geller Rudman &amp; Dowd LLP announces that purchasers of Nextracker Inc. (NASDAQ: NXT) common stock between February 1, 2024 and August 1, 2024, all dates inclusive (the &#8220;Class Period&#8221;), have until Tuesday, February 25, 2025 to seek appointment as lead plaintiff of the Nextracker class action lawsuit.\u00a0 Captioned Weber v. Nextracker Inc., No. 24-cv-09467 (N.D. Cal.), the Nextracker class action lawsuit charges Nextracker as well as certain of Nextracker&#8217;s top executive officers with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Nextracker class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-nextracker-inc-class-action-nxt.html \u00a0 You can also &hellip; Continue reading \"NXT INVESTOR ALERT: Nextracker Inc. 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