These 3 Unstoppable Stocks Have Plenty of Room to Run

So far this year, at the time of this writing, the Nasdaq Composite Index has lost 13.4% of its value, and a number of top growth companies have seen their stock prices decline by even more. But a market correction can be a great time to add new positions to your portfolio.

Investors hoping to take advantage of today's beaten-down share prices should take a close look at Nio (NYSE: NIO), Lucid Group (NASDAQ: LCID), and Enphase Energy (NASDAQ: ENPH), all of which have dropped to more attractive valuations. What's more, each of them has a long runway for growth, which means plenty of potential upside from here.

Chinese electric vehicle manufacturer Nio's stock price has fallen by nearly 27% so far in 2022, and in the past 12 months, it's down by 58%. Investors' concerns about rising competition and its slower growth compared to newer EV companies such Li Auto and XPeng have contributed to its decline. However, the market is missing some key factors here.

Source Fool.com