German Utilities Potentially Undervalued Companies

AB Ignitis grupe

Market Cap: €1.5b

Engages in the generation and distribution of electricity and heat in Lithuania, Poland, Latvia, Finland, Estonia, and internationally.

China Water Affairs Group

Market Cap: €8.8b

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

Westbridge Renewable Energy

Market Cap: €54.6m

Engages in the acquisition and development of solar photovoltaic (PV) projects in Canada, the United States, the United Kingdom, and Italy.

AES

Market Cap: €9.8b

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

Beijing Enterprises Holdings

Market Cap: €42.1b

Through its subsidiaries, engages in the gas, water, environmental, brewery, and other businesses in Mainland China, Germany, and internationally.

Engie Brasil Energia

Market Cap: €34.8b

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

Centrica

Market Cap: €7.7b

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

7C Solarparken

Market Cap: €126.8m

Engages in the sale of electricity in Germany and Belgium.

Huadian Power International

Market Cap: €59.2b

Engages in the sale of power fand thermal products in the People’s Republic of China.

7C Solarparken

Market Cap: €126.8m

Engages in the sale of electricity in Germany and Belgium.

Tian Lun Gas Holdings

Market Cap: €2.8b

Engages in the transportation, distribution, and sale of natural gas and compressed natural gas through its gas pipeline connections in the People’ Republic of China.

Centrica

Market Cap: €7.7b

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

TAURON Polska Energia

Market Cap: €15.5b

Through its subsidiaries, generates, distributes, and supplies electricity and heat in Poland and the Czech Republic.

China Everbright Greentech

Market Cap: €1.9b

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

Concord New Energy Group

Market Cap: €2.5b

An investment holding company, engages in the generation of power in the People’s Republic of China and internationally.

Korea Electric Power

Market Cap: €32.1t

An integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

AB Ignitis grupe

Market Cap: €1.5b

Engages in the generation and distribution of electricity and heat in Lithuania, Poland, Latvia, Finland, Estonia, and internationally.

Binhai Investment

Market Cap: €1.5b

An investment holding company, operates in gas business in the People’s Republic of China.

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.

Edison International

Market Cap: €22.4b

Through its subsidiaries, engages in the generation and distribution of electric power.

Companhia Energética de Minas Gerais - CEMIG

Market Cap: €34.7b

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

Cikarang Listrindo

Market Cap: €11.0t

Operates power generating facilities in Indonesia.

Perusahaan Gas Negara

Market Cap: €44.1t

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

China Longyuan Power Group

Market Cap: €107.4b

Generates and sells wind, coal, and photovoltaic (PV) power in the Chinese Mainland, Canada, South Africa, and Ukraine.

Veolia Environnement

Market Cap: €21.4b

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

China Resources Power Holdings

Market Cap: €92.1b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Origin Energy

Market Cap: €20.0b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Neoenergia

Market Cap: €39.2b

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

naturenergie holding

Market Cap: €1.1b

Through its subsidiaries, engages in the production, distribution, and sale of electricity under the Naturenergie brand in Switzerland and internationally.

Acciona

Market Cap: €9.9b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

TTW

Market Cap: €35.9b

Engages in the production and sale of treated water in Thailand.

Guangdong Investment

Market Cap: €45.4b

An investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses.

Rivco Australia

Market Cap: €225.9m

Provides water supply solutions to Australian irrigators.

Datang International Power Generation

Market Cap: €63.0b

Engages in power generation business in the People’s Republic of China.

Kunming Dianchi Water Treatment

Market Cap: €751.3m

Designs, develops, constructs, operates, and maintains water supply and wastewater treatment facilities in the People’s Republic of China.

SDIC Power Holdings

Market Cap: €109.6b

Engages in the electricity generation business in China.