Global Utilities Undervalued Small Caps

Elmera Group

Market Cap: NOK 3.9b

Engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway, Sweden, and Finland.

Arise

Market Cap: SEK 1.4b

Operates in the renewable energy sector.

Jiaze Renewables

Market Cap: CN¥8.8b

Engages in the development, construction, sale, operation, and maintenance of new energy projects.

Magnora

Market Cap: NOK 1.6b

Operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom.

Alkhorayef Water and Power Technologies

Market Cap: ر.س5.0b

Designs, constructs, operates, maintains, and manages water and wastewater projects in Saudi Arabia.