10/31/24 - $nxt - the best is yet to come

10/31/24 :: VROCKSTAR :: NXT
the best is yet to come

- went all in a week back. mission accomplished.
- and i'm not leaving after today's crusher
a few points:
- this is a highly shorted stock, in the ST it could waffle and weave so any dips let's say sub $34 can now be bought with absolute conviction, cash generation is only increasing, backlog is picking up and as dan shugar(star - as i call him) puts it "we've never been in a better position".

IN A LOWER SOLAR TIDE (ENPH, FSLR, other consumer higher valued, missing)... NXT is still CRUSHING the ball so
a/ in an environment where solar rips, we now know where the incremental flows go, the smaller market cap ($5 bn and probably going to $10 by YE '25), better balance sheet, home run hitting nextracker. but remember, rates matter - they're going higher - so passive stuff will keep this beachball probably under this potential for some time. at the same time, we are going to get some permabids on this after they destroyed a "weak" expected quarter.

- if this quarter tells us anything, it's that mgmt is v conservative. and their speech implies that 2H is probably underestimating what they'll report as well (there's a nuance here when you listen to the conference call).

enjoy.

V