Investors Are Encouraged to Contact Kaplan Fox Before the Lead Plaintiff Deadline on February 25, 2025 By Investing.com

NEW YORK – January 11, 2025 (NEWMEDIAWIRE) – Kaplan Fox & Kilsheimer LLP announces that a class action has been filed against Nextracker Inc. (Nextracker or the Company) (NASDAQ: NXT ) on behalf of investors who purchased or otherwise purchased Nextracker securities between February 1, 2024 and August 1, 2024 (Period).

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If you are a Nextracker investor and have suffered losses, you can CLICK HERE to contact us You can also contact Kaplan Fox by email at pmayer@kaplanfox.com or by calling (646) 315-9003 :

DEADLINE REMINDER. If you are a member of the proposed Class, you may move the court to serve as the lead plaintiff for the class put forward no later than February 25, 2025. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process about

Nextracker provides products and services that purportedly allow solar panels to track the movement of the sun to optimize utility power plant performance.

According to the complaint, during the Class Period, despite the possibility of project delays and the materially adverse nature of such occurrences to the Company’s business and prospects, the defendants repeatedly downplayed the impact of the project delays on the Company’s business projects and was more than offset by expanding business opportunities and customer demand.

However, on August 1, 2024, after the market, Nextracker issued a press release reporting a decline in revenue for the first quarter of fiscal 2025 (the quarter ended June 30, 2024) compared to the fourth quarter of fiscal 2024. The call was held had on the same day that when asked by an analyst if this was a departure from the company’s previous comment, the Nextrackers president said: [i]t’s a bit of a shift, to be honest.

Following the news, Nextracker common stock fell $4.85 per share, or about 10.4%, to $41.98 per share on August 2, 2024, and continued to decline about 5% the next trading day, closing in August $39.81 per share. 5, 2024

The complaint alleges, among other things, that during the Class, the defendants made false and/or misleading statements and/or failed to disclose that (i) the impact of the project delays on Nextrackers’ business, financial results and prospects was materially more severe; : than presented to investors. (ii) clearances and interconnection delays materially impaired Nextrackers’ ability to convert backlogs into revenue at historical conversion rates; (iii) Nextracker was unable to offset the adverse impact of the project delays through increased customer demand and its assumed ability to advance its other projects in the manner represented by the defendants; and (iv) Nextracker did not have competitive advantages that allegedly protected it from industry-wide adversaries or from being able to effectively offset the adverse effects of project delays, as Defendants allege.

WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.Kaplan has over 50 years of experience in securities litigation Fox offers the expertise and experience clients demand.By litigating cases at the federal and state levels, Kaplan Fox has successfully shaped the law by obtaining many important decisions on behalf of our clients.For more information about Kaplan Fox & Kilsheimer LLP, please visit our website at www.kaplanfox.com.

This press release may be considered solicitor advertising in some jurisdictions under applicable law and ethics rules.

If you have any questions about this Notice, your rights or your interests, please contact:

CONTACT:

Pamela A. Mayer

KAPLAN FOX & KILSHEIMER LLP

800 Third Ave., 38th floor

New York, NY 10022

(646) 315-9003

pmayer@kaplanfox.com

Laurence D. King

KAPLAN FOX & KILSHEIMER LLP

1999 Harrison Street, Suite 1560

Oakland, CA 94612

(415) 772-4704

lking@kaplanfox.com

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