Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

17. Nextracker Inc. (NASDAQ:NXT)

Number of Hedge Fund Holders In Q3 2024: 20

Nextracker Inc. (NASDAQ:NXT) is one of the more interesting clean energy companies in the market. It provides software that enables solar panels to accurately track the Sun’s movement. This aids solar power generation systems to efficiently generate power. However, unlike other clean energy stocks that have floundered in today’s high interest rate era, Nextracker Inc. (NASDAQ:NXT)’s shares have held their ground. The stock is essentially flat over the past year. Here is what Cramer said:

“Charitable trust owns a company called Nextracker. We’ve actually done some selling, the stock is up huge. They make software that make it so that we get, you get more Sun. Uh you can shift the panels, which means, you know for instance, Germany, they only have 27% days that are sunny. But you can augment your solar with this software.”