Nextracker lost around 32% of its value in between its August earnings report and Wednesday's close — a frustrating decline.
It's too early to act, given the results of next week's contests could move shares of Nextracker and its peers considerably.
"We were pleasantly surprised and gratified that this was the best solar earnings we've seen this quarter," Jim Cramer said Thursday.
Nextracker Why we own it: Nextracker makes industry-leading tracking technology, which enables large-scale solar panel installations to follow the sun's movement and increase their power generation.
Guidance Nextracker reaffirmed its fiscal 2025 guidance for revenue while upping its outlook for a pair of profitability metrics.
Persons:
Nextracker, Jim Cramer, We're, Howard Wenger, Chuck Boynton, Jim Cramer's, Jim, Peter Cade
Organizations:
NXT, Club, Mizuho Securities, CNBC, Stone
Locations:
Nextracker