Once darlings of Wall Street, clean tech stocks have stumbled, buffeted by the winds of rising interest rates. The iShares Global Clean Energy ETF (NYSEARCA:IXC), a bellwether for the industry, nosedived to a low unseen since the summer of 2020. Nevertheless, these stocks are resting on the bedrock of supportive government policies despite the current market turbulence. The market punditry, adept at sniffing out overbought markets, may be quick to label the slump as a bubble’s last gasp. Yet, forward-looking investors recognize the long-term allure of clean tech stocks, with the sector positioned at the vanguard in the fight against global warming, suggesting a brighter horizon beyond today’s volatility. Consequently, the potential for clean tech stocks to rebound remains a compelling proposition.

Enphase Energy (ENPH)

Enphase Energy (NASDAQ:ENPH) is a true maven in the clean tech space, which continues to push the envelope with its robust energy-efficient solar solutions. Its innovative inverters are at the heart of its solar systems, which continue to convert skeptics into believers of sustainable energy. Yet, the company isn’t resting on its laurels; it’s charging ahead with aplomb with an all-encompassing home energy system, complete with solar storage and an EV charger, positioning itself for an even greener future.

Sure, there was a hiccup in its revenue growth last quarter, but it’s likely to be a cloud passing over a sunny forecast for the company. History points to its knack for pulling double-digit growth in revenue and EPS consistently. Consequently, those numbers are like a rising tide, expected to lift the stock higher for investors who can stomach the volatility. Furthermore, with interest rates forecasted to retract, Enphase’s stock appears ready for an incredible resurgence. When the financial climate cools, Enphase’s stock might heat up, which currently trades at an attractive 15.5 times forward cash flow estimates.

Tesla (TSLA)

Tesla (NASDAQ:TSLA), a giant in the realm of sustainable tech, is not just electrifying the auto industry but redefining our entire approach to energy. With its growing fleet of groundbreaking electric vehicles leading the charge, Tesla has become a torchbearer in the crusade against fossil fuels. Moreover, its strides in battery storage and solar solutions have essentially led to a broader transformation, underpinning Tesla’s position as a harbinger of a greener, tech-centric era.

This tech giant isn’t coasting on its laurels. With its eyes on producing 20 million EVs annually by 2030, the company is revving up for expansion, eyeing burgeoning markets, including India and Indonesia, for newer factory locations. Its robust lineup, from the Cybertruck to the Semi, is poised to keep the delivery momentum going and add new layers to its growth story.

Financially, Tesla is sitting in the driver’s seat with a substantial $8.9 billion in operating cash flow and $26 billion in cash reserves as of the first nine months of 2023, showcasing robust fiscal health. Its financial firepower positions it to accelerate its incredibly ambitious growth strategies. Moreover, with the stock dipping 11% recently, it’s perhaps an opportune moment for long-term investors to consider loading up on it for the long haul.

NextEra Energy (NEE)

NextEra Energy (NYSE:NEE) is essentially a bedrock in the utility landscape, illuminating Florida’s energy sector through robust generation and distribution. Despite the headwinds encountered by its business at this time, the company holds a beacon of stability in a volatile market.

In a gesture that reaffirms its commitment to shareholders, NextEra Energy declared a promising quarterly dividend of 46 cents per share, maintaining an attractive forward yield of more than 3.15%. Set against the backdrop of a dividend-conscious investor base, this move shines a light on the company’s unwavering pledge to return value to its shareholders.

Strategically streamlining its portfolio, NextEra’s subsidiary orchestrated a sale of Florida City Gas, passing the torch to Chesapeake Utilities (NYSE:CPK). This $923 million deal in cash is a testament to NextEra’s dedication to optimizing its powerful asset portfolio, strengthening its core and paving the way for a fortified fiscal trajectory.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines