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Is Nextpower Stock a Buy Now?

TheMotleyFool

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Is Nextpower Stock a Buy Now?: https://g.foolcdn.com/editorial/images/848946/21_06_28-a-child-playing-with-a-solar-panel-_gettyimages-1271668484.jpg

Solar power company Nextpower (NASDAQ: NXT) is in a great business position these days. However, management recognizes that its next stage of growth will require broadening its business scope -- and the company is moving to do just that, which is both an opportunity and a risk.

Here's what you need to know if you are thinking about buying Nextpower.

The company appears to be on rock-solid ground. Its balance sheet contains no long-term debt and has roughly $845 million worth of cash on it. So, not only are there no material creditors to worry about, but the company also has money to back up its plans.

Source Fool.com