Nextracker (NXT-Q)

Sure, Trump won't support green energy, but the company is 100% American and didn't deserve to sell off today. The US needs a lot more energy, and half of the new power added to the grid is solar.

It has missed past quarters, but reported well last week. They have a huge backlog in solar equipment orders. Their solar panels rotate to follow the sun, thereby maximizing the sun's power. This is the best solar energy stock if Harris wins, which is why he bought it--to hedge his bets.

He was wrong about this. Is down 33% in the past quarter. It won't do well if Harris doesn't win the election. He's holding it and will sell it if it bounces.

It's one of the most poorly-acting stocks on both good and bad days. He's holding on until their next report. Is incredibly disturbing.

They provide software for industrial, not personal, solar to perform more efficiently. If solar tariffs vanish, this will not be hurt.

Managing solar panels to maximize sun's benefit. Huge order backlog. Really strong quarter. Stock's been all over the map, which often happens in a company's first year; don't read too much into that. With global warming, in right space at right time.

Would hold. Continues to believe. 

We would attribute a lot of the weakness simply to investor boredom and digesting recent gains. In the short-term, NXT can trade in sympathy to interest rate expectations, with rates impacting feasibility of solar projects, so there might be some sentiment around rates weighing on shares. Overall though, the fundamentals remain strong as does the growth and tax credits/infrastructure spending over the next two years should act as a support for demand of their products.
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Is the #1 global supplier of solar trackers. It will do great if interest rates decline and the solar complex rebounds. They just reported a terrific quarter and hikes their full-year earnings forecast. Shares soared after the report, but is still worth owning.

One of the most successful IPOs last year and has generally climbed since its debut. They make solar tracker systems so that solar panels rotate to follow the sun and maximize power generation. NXT enjoy a duopoly in its sector. The Inflation Reduction Act is a tailwind. As the renewable sector has struggled, NXT keeps reporting good earnings and raising its guidance. When NXT bottomed in mid-January, it was a buying opportunity. Then, it announced a monster 38% revenue growth and boosted full-year guidance. Enjoying a ton of demand. Their US business grew 70% YOY; energy demand is forecast to grow in coming years as legacy power generation facilities retire. Trades at a cheap 19x 2025 PE.