Jim Cramer’s Charitable Trust is selling 150 shares of Nextracker at approximately $41.65, reducing its holdings to 1,000 shares and decreasing their portfolio weight from 1.35% to about 1.15%. Following a lackluster second half of 2024, Nextracker’s stock rebounded significantly, gaining almost 5% on Monday and realizing a 14% increase since the beginning of 2025, making it the top performer in the portfolio. The recent surge may be attributed to investors repurchasing shares after tax-loss harvesting in December. Although interest rates are rising and uncertainty lingers around the Inflation Reduction Act, which supports solar energy, the Trust opted to sell a small stake due to the stock closing above $40 for the first time since November 2024. They anticipate a loss of about 15% on shares bought in June 2024. If Nextracker shares return to the mid-$30 range, there may be regret for not selling sooner. However, the Trust intends to retain some exposure, betting on Nextracker’s operational excellence and the broader need for solar investments to meet increasing demands for electricity.
