Nextracker (NXT) Prnewswire·2025-02-27 15:20Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Nextracker Inc. due to allegations of false and misleading statements regarding the company's business performance and project delays, which have significantly impacted its financial results and growth prospects [2][4]. Group 1: Allegations and Financial Impact - The complaint alleges that Nextracker and its executives violated federal securities laws by failing to disclose the severe impact of project delays on the company's business and financial results [4]. - Nextracker's revenue declined from 720 million in Q1 2025, and GAAP gross profit fell from 237 million during the same period [5]. - The company did not raise guidance for the first time since going public, indicating a slowdown in growth expectations for the remainder of the year [5]. Group 2: Stock Performance - Following the announcement of declining revenue and profit, Nextracker's stock price fell approximately 15% over two trading days [6]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $75,000 between February 1, 2024, and August 1, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against Nextracker is February 25, 2025 [2][7].