2 Great Growth Stocks Down 64% and 22% to Buy Right Now
Disconcerting as the latest market downturn may be, savvy investors know that it's times like these when it's critical to remember that investing is a marathon. Instead of panicking, it's best to steady your nerves and be mindful of the fact that enduring market corrections is table stakes for successful long-term investing.Undeniably, the present dip in the market has left some high-quality stocks sitting in the bargain bin. In fact, two Fool.com contributors believe that electrical connections specialist nVent Electric (NYSE: NVT) and energy storage leader Fluence Energy (NASDAQ: FLNC) are two especially smart additions to investors' portfolios right now after their respective stock price declines of 22% and 64% over the past year.Scott Levine (Fluence Energy): Unlike the bearish market sentiment that solely accounts for so many stocks sinking lower, the poor performance of Fluence Energy stock is largely attributed to the company's first-quarter 2025 financial report. In the presentation, management revealed a downwardly revised forecast for 2025. In the prior quarterly report, management projected annual revenue of $3.6 billion to $4.4 billion. It now estimates sales will total $3.1 billion to $3.7 billion. Similarly, there's a less robust outlook for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA): $70 million to $100 million as opposed to the original forecast of $160 million to $200 million.Continue reading
Disconcerting as the latest market downturn may be, savvy investors know that it's times like these when it's critical to remember that investing is a marathon. Instead of panicking, it's best to steady your nerves and be mindful of the fact that enduring market corrections is table stakes for successful long-term investing.
Undeniably, the present dip in the market has left some high-quality stocks sitting in the bargain bin. In fact, two Fool.com contributors believe that electrical connections specialist nVent Electric (NYSE: NVT) and energy storage leader Fluence Energy (NASDAQ: FLNC) are two especially smart additions to investors' portfolios right now after their respective stock price declines of 22% and 64% over the past year.
Scott Levine (Fluence Energy): Unlike the bearish market sentiment that solely accounts for so many stocks sinking lower, the poor performance of Fluence Energy stock is largely attributed to the company's first-quarter 2025 financial report. In the presentation, management revealed a downwardly revised forecast for 2025. In the prior quarterly report, management projected annual revenue of $3.6 billion to $4.4 billion. It now estimates sales will total $3.1 billion to $3.7 billion. Similarly, there's a less robust outlook for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA): $70 million to $100 million as opposed to the original forecast of $160 million to $200 million.
