German Utilities Potentially Undervalued Companies

Premier Energy

Market Cap: €7.5b

Operates as an integrated energy and power infrastructure company in Romania, Moldova, Hungary, and Serbia.

Guangdong Investment

Market Cap: €55.0b

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.

Datang International Power Generation

Market Cap: €104.2b

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

Centrica

Market Cap: €7.0b

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

AS Infortar

Market Cap: €1.1b

Together with its subsidiaries operates in the maritime transportation, energy, and real estate sectors in Estonia, Finland, Lithuania, Latvia, rest of European Union, and internationally.

Tianjin Development Holdings

Market Cap: €2.3b

Through its subsidiaries, supplies water, heat, thermal power, and electricity in China and Hong Kong.

Companhia Paranaense de Energia - COPEL

Market Cap: €44.3b

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

China Gas Holdings

Market Cap: €33.7b

An investment holding company, operates as an energy supplier and service provider in the People’s Republic of China.

NRG Energy

Market Cap: €26.2b

Operates as an energy and home services company in the United States and Canada.

Kong Sun Holdings

Market Cap: €224.5m

An investment holding company, engages in the operation of solar power plants in the People’s Republic of China.

eREXLtd

Market Cap: €68.4b

Engages in the electric power business in Japan and internationally.

Ørsted

Market Cap: €186.6b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Caribbean Utilities Company

Market Cap: €608.6m

Engages in the electricity generation, transmission, distribution, and telecommunication in Grand Cayman.

Guangdong Investment

Market Cap: €55.0b

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.

clearvise

Market Cap: €87.0m

Operates as an independent electricity producer from renewable energies in Europe.

clearvise

Market Cap: €87.0m

Operates as an independent electricity producer from renewable energies in Europe.

Societatea Energetica Electrica

Market Cap: €17.1b

Engages in the operation, construction, and maintenance of electricity distribution networks in Romania.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: €99.1b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

S.N. Nuclearelectrica

Market Cap: €20.2b

Engages in the production and transmission of electricity and thermal energy in Romania.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: €1.0b

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

7C Solarparken

Market Cap: €129.8m

Engages in the production and sale of electricity in Germany and Belgium.

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.

clearvise

Market Cap: €87.0m

Operates as an independent electricity producer from renewable energies in Europe.

SIIC Environment Holdings

Market Cap: €422.4m

An investment holding company, engages in the wastewater treatment, water supply, sludge treatment, waste-to-energy, and other environment related businesses primarily in the People's Republic of China.

7C Solarparken

Market Cap: €129.8m

Engages in the production and sale of electricity in Germany and Belgium.

Huadian Power International

Market Cap: €53.2b

Engages in the power generation, heat supply, coal sales, and other related businesses in the People’s Republic of China.

Cox Infrastructure Group

Market Cap: €971.3m

Operates an utilities company in South America, Mexico, Europe, Africa, Spain, Latin America, and internationally.

clearvise

Market Cap: €87.0m

Operates as an independent electricity producer from renewable energies in Europe.

China Power International Development

Market Cap: €35.0b

An investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China and internationally.

NRG Energy

Market Cap: €26.9b

Operates as an energy and home services company in the United States and Canada.

Eversource Energy

Market Cap: €28.4b

A public utility holding company, engages in the energy delivery business.

TPC Consolidated

Market Cap: €34.6m

Provides retail electricity and gas services to residential, commercial, and industrial customers in Australia.

Telecom Plus

Market Cap: €673.6m

Provides utility services in the United Kingdom.

Ørsted

Market Cap: €186.6b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Hokkaido Gas

Market Cap: €69.8b

Engages in gas, and heat and power supply businesses in Japan.

Pampa Energía

Market Cap: €7.3t

Operates as an integrated power company in Argentina.