German Utilities Potentially Undervalued Companies

ENEA

Market Cap: €10.3b

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

Centrica

Market Cap: €7.9b

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

AGL Energy

Market Cap: €5.5b

Supplies energy and other essential services in Australia.

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.

ENN Energy Holdings

Market Cap: €47.3b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of 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: €36.0b

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

Centrica

Market Cap: €7.9b

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

AES

Market Cap: €10.6b

Operates as a power generation and utility company.

ABO Energy GmbH KGaA

Market Cap: €32.5m

Develops renewable energy projects in Germany and internationally.

China Datang Corporation Renewable Power

Market Cap: €9.5b

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: €24.6b

An investment holding company, provides water treatment services.

Beijing Enterprises Water Group

Market Cap: €24.2b

An investment holding company, provides water treatment services.

Korea Electric Power

Market Cap: €21.6t

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

Concord New Energy Group

Market Cap: €2.7b

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.

PGE Polska Grupa Energetyczna

Market Cap: €21.3b

Engages in the production and distribution of electricity and heat in Poland.

China Datang Corporation Renewable Power

Market Cap: €9.7b

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

Kunlun Energy

Market Cap: €60.2b

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: €310.5b

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.

ABO Energy GmbH KGaA

Market Cap: €32.5m

Develops renewable energy projects in Germany and internationally.

ENN Energy Holdings

Market Cap: €47.3b

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

Beijing Jingneng Clean Energy

Market Cap: €15.7b

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

China Everbright Water

Market Cap: €629.4m

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

Solaria Energía y Medio Ambiente

Market Cap: €2.3b

Generates solar photovoltaic energy.

Perusahaan Gas Negara (Persero)

Market Cap: €37.3t

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

Cikarang Listrindo

Market Cap: €11.6t

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

Companhia Paranaense de Energia - COPEL

Market Cap: €43.1b

Engages in the research, study, planning, construction, production, transformation, transportation, distribution, and commercialization of electricity in Brazil.

Kalina Power

Market Cap: €46.9m

Engages in the power business in Australia, Canada, and the United States.

AXIA Energia

Market Cap: €142.4b

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

Yü Group

Market Cap: €305.1m

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

Rubis

Market Cap: €3.3b

Engages in the energy distribution business in Europe, Africa, and the Caribbean.

Hera

Market Cap: €5.7b

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

Manila Electric

Market Cap: €670.6b

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

Luzhou Xinglu Water (Group)

Market Cap: €541.6m

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

BCPG

Market Cap: €22.6b

A renewable energy company, engages in the solar power, hydropower, wind power, and natural gas businesses in Thailand, Japan, Laos, and Taiwan.