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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Nextracker Inc. (NXT) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Nextracker Inc. (“Nextracker” or the “Company”) (NASDAQ: NXT) investors concerning the Company’s possible violations of federal securities laws.

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.

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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Industry:

Law Offices of Howard G. Smith

NASDAQ:NXT
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Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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