German Utilities Potentially Undervalued Companies

ENEA

Market Cap: €10.2b

Generates, transmits, distributes, and trades in electricity in Poland.

AGL Energy

Market Cap: €5.6b

Supplies energy and other essential services in Australia.

Centrica

Market Cap: €7.8b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

ENN Energy Holdings

Market Cap: €46.7b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.

China Everbright Greentech

Market Cap: €1.6b

An investment holding company, engages in the design, construction, operation, and maintenance of integrated biomass and waste-to-energy projects in China.

China Water Affairs Group

Market Cap: €7.5b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

China Resources Gas Group

Market Cap: €35.6b

An investment holding company, engages in the sale of liquefied gas and connection of gas pipelines.

Yü Group

Market Cap: €284.3m

Through its subsidiaries, supplies energy and utility solutions primarily in the United Kingdom.

AES

Market Cap: €10.5b

Operates as a power generation and utility company.

Centrica

Market Cap: €7.8b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

ABO Energy GmbH KGaA

Market Cap: €33.1m

Develops renewable energy projects in Germany and internationally.

China Datang Corporation Renewable Power

Market Cap: €9.3b

Engages in the investment, development, construction, and management of wind power and other renewable energy sources in the People's Republic of China.

Beijing Enterprises Water Group

Market Cap: €24.0b

An investment holding company, provides water treatment services.

China Datang Corporation Renewable Power

Market Cap: €9.3b

Engages in the investment, development, construction, and management of wind power and other renewable energy sources in the People's Republic of China.

Korea Electric Power

Market Cap: €21.9t

Engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

Concord New Energy Group

Market Cap: €2.6b

An investment holding company, engages in the power generation business in the People’s Republic of China, North America, Europe, Oceania, Southeast Asia, and internationally.

Pampa Energía

Market Cap: €6.9t

Operates as an integrated power company in Argentina.

Beijing Enterprises Water Group

Market Cap: €24.0b

An investment holding company, provides water treatment services.

Kunlun Energy

Market Cap: €58.8b

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the Republic of Kazakhstan, the Sultanate of Oman, and the Kingdom of Thailand.

Shikoku Electric Power Company

Market Cap: €307.6b

Shikoku Electric Power Company engages in generating, transmitting, distributing, and selling electricity in Japan and internationally.

CGN Power

Market Cap: €181.3b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Perusahaan Gas Negara (Persero)

Market Cap: €36.4t

Engages in the transmission and distribution of natural gas in Indonesia.

Cikarang Listrindo

Market Cap: €11.3t

Engages in the generation, transmission, and distribution of electricity in Indonesia.

China Everbright Water

Market Cap: €643.7m

Engages in the water environment management business in Mainland China and Germany.

ABO Energy GmbH KGaA

Market Cap: €33.1m

Develops renewable energy projects in Germany and internationally.

Pampa Energía

Market Cap: €6.9t

Operates as an integrated power company in Argentina.

ENN Energy Holdings

Market Cap: €46.7b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.

Solaria Energía y Medio Ambiente

Market Cap: €2.3b

Generates solar photovoltaic energy.

Beijing Jingneng Clean Energy

Market Cap: €15.3b

Generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in Mainland China and internationally.

Manila Electric

Market Cap: €659.3b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Enagás

Market Cap: €4.4b

Engages in the transmission, storage, and regasification of natural gas.

AXIA Energia

Market Cap: €142.0b

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

Kunlun Energy

Market Cap: €58.8b

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the Republic of Kazakhstan, the Sultanate of Oman, and the Kingdom of Thailand.

Luzhou Xinglu Water (Group)

Market Cap: €550.2m

Operates as an integrated municipal water service provider in the People’s Republic of China.

Hera

Market Cap: €5.8b

A multi-utility company, engages in the waste management, water services, and energy businesses in Italy.

Zheneng Jinjiang Environment Holding

Market Cap: €846.1m

Engages in the generation and sale of electricity and steam in the People’s Republic of China.