2 Growth Stocks to Invest $1,000 in Right Now

Many growth stocks soared during the meme-stock mania of 2020 and 2021, driven by stimulus checks, social media buzz, commission-free trading platforms, and a simple "fear of missing out" (FOMO). However, many of those stocks fizzled out in 2022 and 2023 as rising interest rates drove investors toward more conservative investments.

In 2024 and 2025, the Federal Reserve finally cut its benchmark rates six consecutive times as inflation cooled. As that pressure eases, investors who can tune out near-term noise should consider accumulating growth stocks poised to profit from secular trends.

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Two of those stocks, which could turn $1,000 into a lot more money over the next decade, are Opendoor (NASDAQ: OPEN) and Nextpower (NASDAQ: NXT). Both of these stocks might seem speculative, but they could generate hefty gains for their most patient investors.

Opendoor

Opendoor is the top instant buyer (iBuyer) of homes in America. It makes instant cash offers for homes, fixes them up, and sells them on its own marketplace. It expanded rapidly during the post-pandemic housing boom, but that growth spurt ended when interest rates soared in 2022 and 2023. Even though the Fed cut its benchmark rates in 2024 and 2025, its revenue continued declining as stubbornly high mortgage rates chilled the housing market.

From 2022 to 2024, Opendoor's revenue plunged from $15.6 billion to $5.2 billion, while its total purchased homes dropped from 34,962 to 14,684. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margins also turned negative. For 2025, analysts expect its revenue to decline 18% to $4.2 billion with a negative adjusted EBITDA.

Opendoor's near-term outlook might seem bleak, but several catalysts could turn it into a growth stock again. It's upgrading its AI algorithms to price properties more accurately, signing more listing partnerships to expand its reach, and expanding Opendoor Exclusives, its new marketplace that directly connects sellers to buyers, so it doesn't need to handle the repairs.

Last September, it hired Kaz Nejatian, the former COO of Shopify (NASDAQ: SHOP), as its new CEO to lead those turnaround efforts. Assuming those strategies pay off as the housing market warms up again, analysts expect Opendoor's revenue to grow at a CAGR of 29% from 2025 to 2027, with its adjusted EBITDA turning positive in the final year.

With an enterprise value of $6.5 billion, Opendoor trades at just 1.4 times this year's sales. That valuation could skyrocket once its growth accelerates again.

Nextpower

Over the past decade, the rapid growth of the power-hungry cloud infrastructure, artificial intelligence (AI), and high-performance computing (HPC) markets generated strong tailwinds for renewable energy companies. One of those companies was Nextracker, the world's leading producer of solar tracking systems that automatically adjust solar panels to follow the sun. That upgrade enables solar panels to generate 15% to 25% more energy than fixed-tilt systems.

Last year, Nextracker acquired three companies to support the launch of its dedicated artificial intelligence (AI) and robotics division. It subsequently rebranded itself as Nextpower to reflect its transformation from a cyclical solar company to a diversified energy technology company.

As Nextpower, the company is launching new utility-scale power conversion systems (PCS) that convert solar power into electricity for power grids, electrical balance-of-systems (eBOS) solutions, and AI-enabled digital tools. It plans to bundle all those products into a "one-stop shop" of structural, electrical, and digital solutions for solar power plants. New decarbonization initiatives, bigger government incentives, and cheaper solar modules should all generate strong tailwinds for Nextpower over the next few years.

From fiscal 2022 to fiscal 2025 (which ended last March), its revenue grew at a CAGR of 27% from $1.5 billion to $3.0 billion as its adjusted EBITDA rose at a CAGR of 103% from $92 million to $777 million. From fiscal 2025 to fiscal 2028, analysts expect its revenue to grow at a CAGR of 14% to $4.35 billion as its adjusted EBITDA rises at a CAGR of 10% to $1.03 billion.

With an enterprise value of $13.6 billion, Nextpower trades at just 17 times this year's adjusted EBITDA. It likely trades at that low valuation because the market hasn't fully reflected its planned transformation into a higher-growth energy technology company. If that happens, its stock could soar a lot higher over the next few years.

Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.