Brazilian Utilities Potentially Undervalued Companies

Light

Market Cap: R$1.9b

Engages in the generation, transmission, distribution, and sale of electric power in Brazil.

Companhia de Eletricidade do Estado da Bahia - COELBA

Market Cap: R$11.6b

Engages in the distribution of electricity.

Auren Energia

Market Cap: R$11.8b

Engages in the investment platform for the management, operation, acquisition, development and construction of energy generation, transmission and trading assets in Brazil.

AES

Market Cap: R$10.4b

Operates as a power generation and utility company in the United States and internationally.

Companhia de Gás de São Paulo - COMGÁS

Market Cap: R$17.3b

Companhia de Gás de São Paulo – COMGÁS operates as a piped natural gas distributor in Brazil.

ISA Energía Brasil

Market Cap: R$19.9b

Engages in the electric power transmission business in Brazil.

Transmissora Aliança de Energia Elétrica

Market Cap: R$14.3b

Engages in the construction, operation, and maintenance of electric power transmission lines in Brazil.

Transmissora Aliança de Energia Elétrica

Market Cap: R$14.3b

Engages in the construction, operation, and maintenance of electric power transmission lines in Brazil.

Energisa

Market Cap: R$19.5b

Through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil.

Neoenergia

Market Cap: R$39.3b

Generates, transmits, distributes, trades in, and commercializes electric energy in Brazil.

Eneva

Market Cap: R$40.5b

Operates as an integrated power generation company in Brazil.

Engie Brasil Energia

Market Cap: R$37.4b

Engages in the generation, commercialization, trading, and transmission of electricity in Brazil.