German Utilities Potentially Undervalued Companies

MVV Energie

Market Cap: €2.0b

Provides electricity, heat, gas, water, and waste treatment and disposal products primarily in Germany.

Mon Courtier Energie Groupe

Market Cap: €16.2m

Operates energy brokerage network in France.

Fluence

Market Cap: €48.6m

Provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide.

OPG Power Ventures

Market Cap: €18.2m

Develops, owns, operates, and maintains private sector power projects in India.

Kenon Holdings

Market Cap: €5.8b

Through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally.

MPC Energy Solutions

Market Cap: €204.7m

An independent power producer, develops, builds, owns, and operates renewable energy assets in Latin America and the Caribbean.

eREXLtd

Market Cap: €65.9b

Engages in the generation and supply of power in Japan.

Datang International Power Generation

Market Cap: €51.8b

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

Engie Brasil Energia

Market Cap: €32.8b

Generates, sells, and trades in electrical energy in Brazil.

ReNew Energy Global

Market Cap: €2.4b

Generates power through non-conventional and renewable energy sources in India.

Kong Sun Holdings

Market Cap: €224.5m

An investment holding company, invests in, operates, and maintains solar power plants in the People’s Republic of China.

Tianjin Development Holdings

Market Cap: €2.0b

Through its subsidiaries, supplies water, heat, thermal power, and electricity to industrial, commercial, and residential customers in the Tianjin Economic and Technological Development Area, the People’s Republic of China.

Avista

Market Cap: €2.9b

Operates as an electric and natural gas utility company in the United States.

Beijing Enterprises Water Group

Market Cap: €24.1b

An investment holding company, provides water treatment services.

Tian Lun Gas Holdings

Market Cap: €2.5b

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.

Hokuriku Electric Power

Market Cap: €163.3b

Supplies electricity through integrated power generation, transmission, and distribution systems in Japan.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: €774.8m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Companhia Paranaense de Energia - COPEL

Market Cap: €32.3b

Engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil.

Enefit Green

Market Cap: €889.3m

Engages in the production of renewable energy.

RWE

Market Cap: €24.9b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

SIIC Environment Holdings

Market Cap: €412.1m

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

7C Solarparken

Market Cap: €161.1m

Owns and operates PV farms in Germany and Belgium.

7C Solarparken

Market Cap: €161.1m

Owns and operates PV farms in Germany and Belgium.

Cox ABG Group

Market Cap: €669.8m

Operates as an integrated utility of water and energy company.

Dominion Energy

Market Cap: €41.5b

Provides regulated electricity and natural gas services in the United States.

Beijing Enterprises Water Group

Market Cap: €24.1b

An investment holding company, provides water treatment services.

S.P.E.E.H. Hidroelectrica

Market Cap: €54.4b

Produces and supplies hydro, wind, and energy electricity in Romania.

TPC Consolidated

Market Cap: €101.4m

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

Kangda International Environmental

Market Cap: €641.9m

An investment holding company, engages in the urban water treatment, water environment comprehensive remediation, and rural water improvement businesses in People’s Republic of China.

SSE

Market Cap: €17.8b

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

Chugoku Electric Power

Market Cap: €302.0b

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

Kontrol Technologies

Market Cap: €6.2m

Through its subsidiaries, provides energy compliance and consulting services.

Public Power

Market Cap: €4.7b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

China Oil And Gas Group

Market Cap: €701.8m

An investment holding company, engages in natural gas and energy-related businesses in Hong Kong, China, and Canada.

EVN

Market Cap: €4.0b

Provides energy and environmental services in Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania.

Kansai Electric Power Company

Market Cap: €1.9t

Engages in electricity, gas and heat supply, and telecommunication businesses in Japan.