Got $1,000? Buy these hot growth stocks before they soar. (Part-2)

Light is at the end of the tunnel. Solar electricity is becoming cheaper, and the globe is less worried about the economy. The proof? In the third quarter of last year, the Solar Energy Industries Association reported a record 210,000 home solar power system installations, up 35% year over year.

Mind you, recovery may be bumpy. Solar Energy Industries Association predicts a 2025 resurgence for the residential solar sector. Further, Enphase Energy's 2024 top line is predicted to fall 28%.

However, domestic home solar should expand 10% annually from 2025 to 2028, with global markets following suit. Enphase's first year sales should rise 40%, kicking off a strong stretch. The stock may start moving before the comeback.

3. Alphabet Finally, add Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to your growth stock list before something ignites it. Alphabet's fourth quarter was decent but unremarkable. Advertising revenue, the company's mainstay, was $65.5 billion vs $65.9 billion. Even compared to Alphabet's search ad division, YouTube's low advertising revenue contributed to the gap.

It wasn't the company's first 2023 failure. This is a major reason the stock trades near two years ago. Alphabet's true figures may be worth investigating. They're still decent. Although disappointing, YouTube's fourth-quarter 2023 ad revenue rose 15.5% year over year. The Q4 advertising income rose approximately 11%.

Better yet, Google Cloud's operating profits reached a record $864 million, with additional growth expected. Alphabet reported year-over-year revenue growth in 44 straight quarters, except for the second quarter of 2020 (when the pandemic hurt the global economy).

Consistent growth is unlikely to halt this year or next. The analyst community expects 11.3% sales growth this year and 10.4% next year. Increased per-share profits are expected. How come the stock is struggling? Good query. Investors may be misled by negative speech and seeing the glass as half empty rather than half full.

For the record, analysts are unconvinced. Maintaining their consensus buy rating and $164.40 share price target. Up 24% from the stock's current price.