Bulgarian Utilities Potentially Undervalued Companies

Toplofikatsia-Ruse AD

Market Cap: €128.1m

Produces and sells electricity and thermal energy in Bulgaria.

Ørsted

Market Cap: €178.9b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Veolia Environnement

Market Cap: €23.1b

Designs and provides water, waste, and energy management solutions.

Enel

Market Cap: €86.7b

Operates as an integrated operator in the electricity and gas industries worldwide.

E.ON

Market Cap: €45.4b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Toplofikatsia-Burgas AD

Market Cap: €28.9m

Engages in the production and distribution of electricity in Bulgaria.