Jim Cramer Calls Nextpower CEO ‘Moneymaker’ as Shares Jump 6%
Jim Cramer urged investors to buy Nextpower Inc., saying CEO Dan Shugar “is a moneymaker” after admitting he sold too soon, and the stock rose 6.06% following his comments. Nextpower provides solar tracker hardware and energy management software for challenging terrain and weather to optimize power production.
1. Cramer Recommends Nextpower Purchase
Jim Cramer said Dan Shugar is a moneymaker and urged viewers to “just go buy” Nextpower after admitting he sold the stock too soon during his lightning round. He praised the company’s leadership and growth potential, calling it a “terrific stock”.
2. Stock Jumps 6.06% on Endorsement
Nextpower shares rose 6.06% in early trading as investors reacted to the televised recommendation, marking one of the largest single-day gains since the company rebranded. The sharp move highlights the sway of high-profile endorsements on market sentiment.
3. Nextpower's Solar Technology Offerings
Nextpower develops solar tracker hardware designed for challenging terrain and weather conditions, alongside energy management software that monitors and optimizes power production. Its solutions cater to utility-scale solar projects seeking higher efficiency and reliability.