7/29/25 - $nxt - Still long and strongNextracker Inc.NASDAQ:NXTVROCKSTAR7/29/25 :: VROCKSTAR :: NXT Still long and strong - have written a lot about this name since last yr, so won't bore you with more details - but still MSD++ FCF yields - mkt still wants to ignore solar - any credit-related phase-out is acutally likely to pull fwd demand/ beats (that backlog) - mkt already seems to be pretty conservative on next year, as is - and w/ software and electrical systems (cross sell) in the mix... i'd guess all else equal, we still report a great quarter - what's interesting to note is names that have rallied into their prints (electrical/ infra types) have beat... think GEV, $cls... stuff like this. I get it, diff zip code... but still, these are well-bid "havens" b/c the mkt likes the backlog in trump economy as "money good and dip-buyable... so just buy moar now" let's see what dan shug and squad offer. i'm buying any dips sub $60... but all else equal, expect upside V