Was Jim Cramer Right About Nextracker Inc. (NXT)?

We recently published a list of Did Jim Cramer Nail or Miss These 11 Stock Predictions? In this article, we are going to take a look at where Nextracker Inc. (NASDAQ:NXT) stands against other stocks that Jim Cramer discusses.

In that older episode, a caller asked about Nextracker Inc. (NASDAQ:NXT), which had surged in price by then. Cramer expressed strong conviction:

“It’s killing me. I was talking to Jeff Marks — I said, ‘Can you believe that Su [CEO]?’ That thing had game today. It’s like a First Solar. Come on. We’re going to have to address that — it went up a lot, but I’m still a believer in Su even at these levels.”

Cramer was right to stay confident as Nextracker rebounded 9.22%. Nextracker Inc. (NASDAQ:NXT) provides solar tracking systems that maximize energy production efficiency for utility-scale solar installations around the world.

An empty shelf of bifacial PV modules ready to be installed in a large-scale solar project.

Cramer appeared neutral the last time he spoke about the company. Here are his comments from April 29:

“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.”

Overall, NXT ranks 10th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NXT and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.