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Should You Buy Nextpower While It's Below $100?

TheMotleyFool

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Should You Buy Nextpower While It's Below $100?: https://g.foolcdn.com/editorial/images/851623/23_09_26-a-frustrated-person-looking-at-a-laptop-computer-_mf-dload.jpg

Nextpower (NASDAQ: NXT) stock has risen 131% over the past year. That said, the stock is currently down more than 11% from its 52-week high. With the stock having slipped below $100 per share, is it time to buy this solar power business? There are good reasons to jump aboard, and one notable reason to stay on the sidelines.

Nextpower provides products and services to the renewable power industry. The technology that underpins its business enables solar panels to track the sun's movement. This is very valuable to customers because it increases the amount of electricity solar panels generate, thereby boosting returns on investment.

Image source: Getty Images.

Source Fool.com

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