Nextracker Inc. (NASDAQ:NXT) is one of the stocks Jim Cramer shed light on. A caller asked for Cramer’s opinion on the stock, and he 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.”
Nextracker Inc. designs and supplies solar tracking systems and software that optimize energy generation for large-scale solar projects. A caller asked about the stock during the April 29 episode, and Cramer responded:
“Okay, I do believe, look, it had a good quarter. I did think that the president did not really care for wind, but this kind, he doesn’t mind this. This is technology all made in America, so I think you’re okay. Not great, not bad.”
It is worth noting that since the above comment, Nextracker Inc.’s stock has gained over 135%.
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This article is originally published at Insider Monkey.