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.

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Source Fool.com