Jim Cramer dissects the pop in homebuilder Toll Brothers and 5 other Wednesday movers

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Nextracker : Shares of the solar company rose 9% on Wednesday after a better-than-expected quarter and an upbeat 2024 outlook. Nextracker's backlog grew to $4 billion. "If you can point the solar panels toward the sun all the time, then you can get an appreciably more amount of energy than if they're static," Jim Cramer said Wednesday. This is what Nextracker does.

Wells Fargo raised its price target on Toll Brothers to $150 per share from $142 ahead of next week's earnings. The analyst went out ahead of the CPI. "I mean, if the CPI would've been bad, he would've had egg on his face," Cramer said. "This is a homebuilder for heaven's sake. This is better than a lot of the tech stocks. These guys sell a limited number of homes between $900,000 and $1 million.

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