3 Brilliant Energy Stocks That Could Deliver High-Octane Returns in 2024
The energy industry has delivered an underwhelming performance in 2023. Falling oil and gas prices, along with rising interest rates, weighed on the sector.
However, 2024 could be a much different story for the industry. Several energy companies have compelling catalysts on the horizon that could fuel growth in the coming year. Noble Corporation (NYSE: NE), Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), and Canadian Solar (NASDAQ: CSIQ) stand out to a few Fool.com contributors as smart energy stocks to buy for 2024, given their high-powered total return potential.
Tyler Crowe (Noble): The offshore oil industry is setting up for a few good years, and few companies are better positioned to take advantage of that than offshore rig company Noble. Instead of focusing on its high-specification fleet or its pristine balance sheet. I want to focus on one element that makes 2024 look like a great year for Noble: Its contracts.
Source Fool.com