On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Nextpower Inc. (NASDAQ:NXT) and its CEO.
“I think I’ve lost the right to be able to say anything about that, because that’s Shugar’s company, Dan Shugar [CEO & founder of Nextpower], and we made money on it, but you know what, we left it way too soon,” Cramer said. “That man is a miracle worker.”
According to recent news, Nextpower announced on June 22 a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider.
‘It’s Down, It Bounces, It Goes Back Down’
Chewy, Inc. (NYSE:CHWY) is “too hard to own,” Cramer said. “It’s down so much, but I have to tell you, every time I say it goes down too much, and then it bounces, it goes right back down.”
On the earnings front, Chewy, on June 10, reported first-quarter results that topped Wall Street expectations on both earnings and revenue, but the online pet retailer lowered its fiscal 2026 sales outlook, citing a more cautious consumer spending environment.
“I thought it was very interesting spec from day one. It doesn’t make any money, but at $8 you can buy some, you can buy some a little bit lower, but it is a very promising company,” Cramer said when asked about Butterfly Network, Inc. (NYSE:BFLY).
On July 2, Butterfly Network announced the commercial availability of its handheld ultrasound devices in Brazil through a network of authorized distribution partners.
Preformed Line Products Company (NASDAQ:PLPC) is a “mini” Quanta Services (NYSE:PWR).
“You have a winner there,” Cramer said. “I think it can continue to go higher, barring communities saying no more data centers,” he added.
Preformed Line Products reported first-quarter earnings of $2.14 per share on April 29, beating the analyst consensus estimate of $1.82 per share. The company reported quarterly sales of $176.278 million which missed the analyst consensus estimate of $178.000 million.
Price Action
- Chewy shares gained 2.1% to settle at $21.29 on Monday.
- Butterfly Network shares gained 7.2% to close at $8.23.
- Nextpower shares rose 1.9% to settle at $115.03 on Monday.
- Preformed Line Products shares fell 0.3% to close at $367.78.
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