Jim Cramer Shed Light on These 11 Stocks

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7. Nextracker Inc. (NASDAQ:NXT)

Number of Hedge Fund Holders: 50

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. (NASDAQ:NXT) 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 (NASDAQ:NXT) stock has gained over 135%.

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