Jim Cramer Highlights His Regret Over Selling Nextpower Stock Too Early

Nextpower Inc. (NASDAQ:NXT) is one of the stocks Jim Cramer expressed his thoughts on. During the lightning round, when a caller inquired about the stock, Cramer commented:

“Dan Shugar is the real deal. I think it’s a terrific stock. You notice they changed the name to Nextpower. I would be a buyer of the stock. I let go of the stock. I made a profit. I should have stayed. It was my bad. A lot of times I kick myself over this one and Alphabet, two that I sold too early. You’ve got a winner.”

Photo by andreas gucklhorn on Unsplash

Nextpower Inc. provides solar tracker technologies and energy management solutions, including terrain-adaptive trackers, automated stowing systems, and monitoring tools to optimize solar power production. Moreover, it offers foundation systems and installation equipment to support solar project development and operation. When a caller asked about the stock during the October 31 episode, Cramer replied:

“Oh man, you know we made… money in Nextracker for the Charitable Trust, but then we didn’t think that Shug had it in him to have a double. This company is a tremendous company… Still only sells at 24 times earnings. Parabolic move. I’d like to have it cool off a little bit, but wow, congratulations to Dan Shugar, who really just did it.”

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This article is originally published at Insider Monkey.