German Utilities Potentially Undervalued Companies

ENEA

Market Cap: €10.6b

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

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.

Centrica

Market Cap: €7.8b

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

AGL Energy

Market Cap: €5.6b

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: €46.8b

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

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.

China Resources Gas Group

Market Cap: €34.7b

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

Yü Group

Market Cap: €286.0m

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

Guangdong Investment

Market Cap: €49.6b

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.

Tohoku Electric Power Company

Market Cap: €534.8b

Operates as an energy service in Japan and internationally.

Centrica

Market Cap: €7.8b

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

AES

Market Cap: €10.4b

Operates as a power generation and utility company.

ABO Energy GmbH KGaA

Market Cap: €32.5m

Develops renewable energy projects in Germany and internationally.

Beijing Enterprises Water Group

Market Cap: €23.0b

An investment holding company, provides water treatment services.

AB Ignitis grupe

Market Cap: €1.6b

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

Beijing Enterprises Water Group

Market Cap: €23.0b

An investment holding company, provides water treatment services.

Pampa Energía

Market Cap: €6.9t

Operates as an integrated power company in Argentina.

Chugoku Electric Power

Market Cap: €329.5b

Engages in generation, transmission, and distribution of electric power in Japan.

PGE Polska Grupa Energetyczna

Market Cap: €21.6b

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

Concord New Energy Group

Market Cap: €2.9b

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.

Korea Electric Power

Market Cap: €24.6t

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

Shikoku Electric Power Company

Market Cap: €303.5b

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

Kunlun Energy

Market Cap: €56.2b

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.

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.

ENN Energy Holdings

Market Cap: €46.8b

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

Perusahaan Gas Negara (Persero)

Market Cap: €33.7t

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

China Everbright Water

Market Cap: €629.4m

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

Pampa Energía

Market Cap: €6.9t

Operates as an integrated power company in Argentina.

Beijing Jingneng Clean Energy

Market Cap: €15.2b

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

ABO Energy GmbH KGaA

Market Cap: €32.5m

Develops renewable energy projects in Germany and internationally.

Towngas Smart Energy

Market Cap: €11.1b

An investment holding company, sells piped gas, renewable energy, and other types of energy in the People’s Republic of China.

Cikarang Listrindo

Market Cap: €11.2t

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

Manila Electric

Market Cap: €648.1b

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

Kunlun Energy

Market Cap: €56.2b

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.

AXIA Energia

Market Cap: €152.6b

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