Got $1,000? Buy these hot growth stocks before they soar.

The market's future is uncertain. Q4 S&P 500 profits rose 3%, according to Factset. The yield curve is inverted and inflation is high. Both can predict recession. Political instability hurts stock markets too. Some growth stocks can move independently of the market. They generally gain when the market is weak and don't rally when other competitors do. Here's a closer look at three growth stocks that haven't been hot but could go big shortly. While you can, consider buying at these prices.

1. Sarepta Therapeutics Understandably, Sarepta Therapeutics (NASDAQ: SRPT) isn't well-known. A $11.3 billion market cap doesn't make it a heavyweight. Its low profits have also turned off investors. This is one of those occasions where you must look ahead. Profits are imminent.

Sarepta Therapeutics is a biopharma firm. It makes a few medications but focuses on gene therapy for muscular dystrophy. Demand is high. Elevidys, its newest medicine, boosted fourth-quarter sales by 55% and full-year sales by 36% in 2023. Drug firm sales totaled $1.1 billion last year.

As indicated, that wasn't enough increase for a full-year profit. However, read the tiny print. Last year, Sarepta made a non-GAAP profit in the third quarter and a GAAP profit in the fourth. After last year's $5.80 loss, analysts estimate per-share earnings of $2.47 this year. Once sales of all recently approved medicines peak, next year's profit should be $10.50 per share.

Why hasn't the stock reflected this projected earnings growth? It did. Over five years ago, its gene therapies began showing promise as muscular dystrophy treatments. As hopes materialized, investors didn't know how to price it. Expect the stock to perform better now that GAAP profits are on the radar. Shares cost less than 12 times next year's estimated earnings.

2. Enphase Energy Enphase Energy (NASDAQ: ENPH) shareholders suffered last year. After its top line was more than halved, shares fell from $339 in late 2022 to $74 in October. Same for earnings. Another example where you must stand back and consider the larger picture before making any long-term decisions.

Enphase makes solar power equipment, but not the kind you'd think of. In place of solar panels, Enphase Energy makes microinverters that turn sunlight into power. The company offers battery-based power storage, how to manage its systems with utility-provided electricity, and electric vehicle charging stations to enhance this much-needed solution. It offers large-scale business solutions.

Solar is a dependable market. It was until last year. The removal of tax incentives, rising lending rates, and economic lethargy reduced demand for household and small-scale solar power equipment, which is expensive upfront.