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., 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. 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.”
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This article is originally published at Insider Monkey.
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