Top Growth Stock Picks for January 22, 2022

Written By Michael Gary Scott

As an investor scouring the landscape for growth-oriented equities, discerning market participants are drawn to companies rich with potential. In this vein, there are three stocks with compelling attributes that pique the interest of discerning investors on this present day, January 22:

Powell Industries, Inc.

First in the lineup is Powell Industries, Inc. (POWL). This custom equipment manufacturer boasts a Zacks Rank #1 and has experienced a 35.1% surge in the Zacks Consensus Estimate for its current year earnings over the past 60 days. The company’s PEG ratio, an indicator of value in relation to expected growth, stands at 1.10, outperforming the industry’s 1.59. Notably, Powell Industries garners an impressive Growth Score of A.

NRG Energy, Inc.

Another standout is NRG Energy, Inc. (NRG), an integrated power company that also holds a Zacks Rank #1 and has observed a robust 22% uptick in the Zacks Consensus Estimate for its current year earnings over the last 60 days. NRG Energy’s PEG ratio, standing at 0.61, illustrates its attractiveness in comparison to the industry’s 1.81. The company maintains a commendable Growth Score of B.

Heidelberg Materials AG

Rounding out the trio is Heidelberg Materials AG Unsponsored ADR (HDELY). This building materials company carries a Zacks Rank #1 and has seen a 13.3% surge in the Zacks Consensus Estimate for its current year earnings over the course of the last 60 days. With a PEG ratio of 0.52, versus the industry average of 1.05, Heidelberg Materials AG demonstrates strong potential. The company also boasts a sturdy Growth Score of A.

Additionally, readers can check out the complete list of top-ranked stocks and deepen their understanding of the Growth score and its calculation here.

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Undoubtedly, these stocks shine brightly as they spearhead the charge for growth-oriented investments. Investors seeking the elixir of growth would be keen to employ further scrutiny on these equities, cognizant of the potential riches they may discover.