RADNOR, PA – (NewMediaWire) – January 4, 2025 – The law firm of Kessler Topaz Meltzer & Khangela, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Nextracker Inc. (Nextracker) (NASDAQ) : NXT) on behalf of those who purchased or acquired Nextracker common stock between February 1, 2024, and August 1, 2024, inclusive (Class Period). The applicant's deadline is February 25, 2025.
CONTACT KESSLER TOPAZ MELTZER & REVIEW, LLP:
If you have experienced a Nextracker loss, PLEASE CLICK HERE or copy and paste the following into your browser: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm=r
You can contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or emailing info@ktmc.com.
PLAINTIFFS NOT REPRESENTED:
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 Nextrackers' business, financial results, and prospects was more severe than represented to investors; (2) the consent and delay in connection have significantly impaired Nextrackers' ability to turn backlog into revenue at a historical conversion rate; (3) Nextracker was unable to offset the negative impact from project delays due to increased customer demand and the proposed ability to advance other projects in the manner represented by the Trustees; (4) Nextracker did not have competitive advantages that would protect it from industry-wide headwinds or the ability to effectively offset the adverse effects of project delays as claimed by Defendants; and (5) as a result, Defendants lacked a reasonable basis for their positive statements about Nextrackers' business, financial results, and prospects.
LEAD COMPLAINT PROCEDURE:
Nextracker investors may, no later than February 25, 2025, seek to be appointed as lead class plaintiff through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to do nothing and remain a non-class member. The lead plaintiff is the representative party acting on behalf of all class members in the management of the lawsuit. The lead plaintiff is usually an investor or a small group of investors who have a substantial financial interest and who are sufficient and similar to the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision whether or not to act as the lead plaintiff.
Kessler Topaz Meltzer & Khangela, LLP encourages Nextracker investors who have experienced significant losses to contact the firm directly for more information.
CLICK HERE TO REGISTER A CASE OR GO TO: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm=r
ABOUT KESSLER TOPAZ MELTZER & HOLLA, LLP:
Kessler Topaz Meltzer & Khangela, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars from victims of fraud and other corporate misconduct. All of our work is driven by the same goal: to protect investors, customers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The appeal in this action was not filed by Kessler Topaz Meltzer & Khangela, LLP. For more information about Kessler Topaz Meltzer & Khangela, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Search, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
It may be considered a marketing attorney in certain areas. Past results do not guarantee future results.
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