Jim Cramer Highlights His Regret Over Selling Nextpower Stock Too Early

Nextpower Inc. (NASDAQ:NXT) is one of the stocks Jim Cramer expressed his thoughts on. During the lightning round, when a caller inquired about the stock, Cramer commented:

“Dan Shugar is the real deal. I think it’s a terrific stock. You notice they changed the name to Nextpower. I would be a buyer of the stock. I let go of the stock. I made a profit. I should have stayed. It was my bad. A lot of times I kick myself over this one and Alphabet, two that I sold too early. You’ve got a winner.”

Nextpower Inc. (NASDAQ:NXT) provides solar tracker technologies and energy management solutions, including terrain-adaptive trackers, automated stowing systems, and monitoring tools to optimize solar power production. Moreover, it offers foundation systems and installation equipment to support solar project development and operation. When a caller asked about the stock during the October 31 episode, Cramer 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.”

While we acknowledge the potential of NXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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