ATLANTA, GA – – (Globe Newswire – December 30, 2024) – – A shareholder class action lawsuit has been filed against Nextracker Inc. (“Nextracker” or the “Company”) (NASDAQ: NXT). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about Nextracker’s business, operations, and prospects, including allegations that: (a) the impact of project delays on Nextracker’s business, financial results, and prospects was far more severe than represented to investors; (b) permitting and interconnection delays had materially impaired Nextracker’s ability to convert backlog into revenue at historical conversion rates; (c) 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; and (d) 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.

If you bought shares of Nextracker between February 1, 2024 and August 1, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/nextracker/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is February 25, 2025.