SPAC investors are eyeing new targets: Good companies that grow

The SPAC market is off to a brutal start to 2022, but a few bright spots with key similarities may point to a way out of the morass: Find solid businesses with room to grow.

HighPeak Energy, an oil and gas company, has doubled over the past year as crude prices surged. Warehouse automation firm Symbotic's rally makes it the best performer among firms…