The Law Offices of Frank R. Cruz Announces Investigation of Nextracker Inc. (NXT) on Behalf of Investors

Published 3 days ago via Business Wire

The Law Offices of Frank R. Cruz announces an investigation of Nextracker Inc. (“Nextracker” or the “Company”) (NASDAQ: NXT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On August 1, 2024, Nextracker released its first quarter fiscal 2025 financial results, revealing a significant decline in revenue and GAAP gross profit, stating that it was “taking longer for projects to be fulfilled [due to] construction permits or interconnection delays.”

On this news, Nextracker’s stock price fell $7.02, or 15%, over two consecutive trading days to close at $39.81 per share on August 5, 2024, thereby injuring investors.

Then, on October 30, 2024, Nextracker released its second quarter fiscal 2025 financial results, disclosing further decline of revenue and profit, thereby injuring investors further.

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If you purchased Nextracker securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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