We are selling 150 shares of Nextracker at roughly $41.65. Following the trade, Jim Cramer’s Charitable Trust will own 1,000 shares of NXT, decreasing its weighting to roughly 1.15% from about 1.35%. After a disappointing second half of 2024, shares of the solar technology provider have come storming back over the past few days, including a nearly 5% gain Monday. While the year is young, Nextracker has been the best-performing stock in the portfolio since the start of 2025, with an advance of roughly 14%. On Thursday, we speculated that some of the move may be related to investors repurchasing Nextracker shares after selling some for tax-loss harvesting purposes in December. With the rally continuing despite interest rates on the rise and lingering uncertainty about the Inflation Reduction Act, which contains benefits for solar, we decided the time is right to lighten up on this small position. We’ll realize a loss of about 15% on stock purchased in June 2024. Nextracker is poised to close above $40 a share for the first time since Nov. 25. If the stock were to fall back to the mid-$30s, which is where it traded no less than 10 days ago, we would regret not taking action at Monday’s levels. But if the stock continues to rally because it is the best-operated solar company and the country needs to invest more in solar to support its growing electricity needs, which was our original investment thesis, then we’ll still have some exposure to capture that upside. (Jim Cramer’s Charitable Trust is long NXT . See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Is Nissan raising the red flag? Nissan is now asking suppliers to delay payments, sparking concern over the automaker’s future.
Nissan asks supplier to delay payments to free up cash
As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.
According to several emails and company documents (via Reuters), Nissan is working with its suppliers to delay payments.
“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.
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The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.
The new Nissan LEAF (Source: Nissan)
One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.
Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.
Nissan N7 electric sedan (Source: Dongfeng Nissan)
“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.
Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)
The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.
As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.
Electrek’s Take
With an aging vehicle lineup and a wave of new competition from China, such as BYD, Nissan is quickly falling behind.
Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.
In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.
The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.
Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.
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Ford has long been rumored to be in discussions with Tesla about licensing its Full Self-Driving technology, but CEO Jim Farley has now shut down those rumors.
Farley confirmed that Ford talked with Tesla, but he believes Waymo has a better solution.
Ford was rumored to be the automaker in question due to its limited effort in autonomous driving and the fact that it was the first automaker to initiate the adoption of Tesla’s charge connector as the new North American standard.
The rumors might have been true, as CEO Jim Farley confirmed that Ford was in talks with Tesla about self-driving during a talk at the Aspen Ideas Festival last week.
He said that he talked with Musk and admitted that both Waymo and Tesla have made progress toward self-driving, but he sees LIDAR, which Waymo uses but Tesla does not, as a critical part of self-driving.
Farley was directly asked what approach made more sense (via Fortune):
“To us, Waymo,” Farley said. He pointed out that both Waymo, owned by Google-parent Alphabet, and Tesla “have made a lot of progress” on self-driving, and Farley acknowledged that he has had conversations with Elon Musk. But he stated that Ford considered LiDAR to be an important part of the picture, noting that “where the camera will be completely blinded, the LiDAR system will see exactly what’s in front of you.”
Ford invested approximately $1 billion in Argo AI, a self-driving startup in partnership with Volkswagen. However, it ceased funding the company in 2022, and Argo AI was subsequently dissolved, with the two automakers integrating their technology.
After this setback, Ford said it would partner with self-driving companies once the technology is further developed.
Waymo has first been focused on developing its own vehicles for autonomous ride-hailing, while Tesla has been trying to bring consumer autonomous vehicles to market.
These different approaches have been reversing lately with Tesla launching a pilot program for its own autonomous ride-hailing fleet after years of failing making its consumer vehicles self-driving.
Tesla shareholders have been hoping for those talks that Musk has been teasing for years to come to fruition, and have an automaker validate Tesla’s approach to self-driving.
It looks like it won’t be Ford and it looks like Ford might have been that “one major automaker” in discussion with Tesla.
As Farley put it, they want to take a careful approach to self-driving, and if that’s your goal, Tesla might not be the best partner.
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Construction work on solar power arrays continues at rPlus Energies’ Green River Energy Center in Emery, Utah, U.S. June 11, 2025.
Jim Urquhart | Reuters
Clean energy stocks fell on Monday as President Donald Trump’s spending legislation now includes a tax on wind and solar projects using Chinese components and abruptly phases out key credits.
The Senate is voting Monday on amendments to the legislation. The current draft ends the two most important tax credits for solar and wind projects placed in service after 2027.
“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” Tesla CEO Elon Musk posted on X over the weekend. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”
Previous versions of the bill were more flexible, allowing projects that began construction before 2027 to qualify for the investment and electricity production tax credits, according to Monday note from Goldman Sachs.
Compressed timelines
The change “compresses project timelines and adds significant execution risk,” Bank of America analyst Dimple Gosal told clients in a note Monday. “Developers with large ’25 pipelines, may struggle to meet the new deadlines — potentially delaying or downsizing planned investments.”
The Senate legislation also slaps a tax on solar and wind projects that enter service after 2027 if they use components made in China.
“The latest draft in the Senate has become more restrictive for most renewable players, moving toward a worst case outcome for solar and wind, with a few improvements for subsectors on the margin,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.
To be sure, the rooftop solar industry is viewed by Wall Street as a relative winner from the bill, with Sunrun shares up more than 7% and SolarEdge trading more than 3% higher on Monday. The legislation seems to allow tax credits for leased rooftop systems to remain in place through the end of 2027, which was not the case in previous versions, according to Goldman Sachs.
And First Solar is up more than 7% as the legislation seems to allow the manufacturer to claim credits for both components and final products, according to Bank of America.