We are starting a position in a market-leading renewable energy company [MSNBC.com]
Nextracker Inc. (NXT)
Company Research
Source: MSNBC.com
We're initiating a position in Nextracker , buying 350 shares at roughly $48.18. Following Thursday's trade, Jim Cramer's Charitable Trust will own 350 shares of NXT with a weighting of about 0.5%. Nextracker makes solar tracker systems that allow huge utility-scale rows of solar panels to rotate and follow the sun's movement across the sky throughout the day, maximizing their power generation. It's the "backbone" of any solar power system, as management would say. We're using proceeds from Thursday's exit of Foot Locker to fund this addition. We're calling up Nextracker from the Bullpen , viewing its 24% pullback over the past couple of weeks as a good entry point to start a new position. As you can tell by its recent trading, this is a highly volatile name that is sensitive to interest rates and government policy. It's why we are starting this position on the smaller side, leaving plenty of room to scale over time. Nextracker stands out for its leadership in a fast-growing market. I
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NXT
News
- Nextracker Inc. (NASDAQ: NXT) is now covered by analysts at Susquehanna. They set a "positive" rating and a $59.00 price target on the stock.MarketBeat
- Nextracker (NXT) Is Considered a Good Investment by Brokers: Is That True? [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Put Nextracker (NASDAQ:NXT) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business [Yahoo! Finance]Yahoo! Finance
- Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations BusinessBusiness Wire
NXT
Earnings
- 5/14/24 - Beat
NXT
Sec Filings
- 6/26/24 - Form ARS
- 6/26/24 - Form DEFA14A
- 6/26/24 - Form DEF
- NXT's page on the SEC website