German Utilities Potentially Undervalued Companies

Genesis Energy

Market Cap: €2.8b

Generates, trades in, and sells electricity to residential and business customers in New Zealand.

Kangda International Environmental

Market Cap: €1.1b

An investment holding company, engages in the urban water treatment, water environment comprehensive remediation, and rural water improvement businesses in Mainland China.

TTW

Market Cap: €36.1b

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

China Power International Development

Market Cap: €42.4b

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

Drax Group

Market Cap: €2.6b

Engages in renewable power generation in the United Kingdom.

Tenaga Nasional Berhad

Market Cap: €77.6b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Alerion Clean Power

Market Cap: €1.1b

Engages in electricity production from wind and solar power in Italy, Spain, Bulgaria, and Romania.

Électricite de Strasbourg Société Anonyme

Market Cap: €1.3b

Engages in the supply of electricity and natural gas to individuals, businesses, and local authorities in France.

Electricity Generating

Market Cap: €65.3b

Generates and sells electricity to government sector and industrial users primarily in Thailand, Laos, the Philippines, Indonesia, Australia, South Korea, Taiwan, and the United States.

Societatea Energetica Electrica

Market Cap: €8.1b

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

China Oil And Gas Group

Market Cap: €1.1b

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

Engie

Market Cap: €49.4b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

GAIL (India)

Market Cap: €1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Sichuan Energy Investment Development

Market Cap: €2.8b

A vertically integrated power supplier and service provider primarily in Mainland China.

China Everbright Water

Market Cap: €743.8m

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

Beijing Jingneng Clean Energy

Market Cap: €21.2b

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

Kenon Holdings

Market Cap: €8.9b

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

China Resources Gas Group

Market Cap: €49.0b

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

Rubis

Market Cap: €3.3b

Engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.

Rubis

Market Cap: €3.3b

Engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.

Brookfield Infrastructure

Market Cap: €5.2b

Owns and operates utility investments in Brazil, the United Kingdom, and internationally.

Hong Kong and China Gas

Market Cap: €135.3b

Produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China.

Kansai Electric Power Company

Market Cap: €2.5t

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

E.ON

Market Cap: €42.6b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

ENEA

Market Cap: €11.1b

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

New Jersey Resources

Market Cap: €4.4b

An energy services holding company, distributes natural gas.

BKW

Market Cap: €9.5b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Vistra

Market Cap: €67.6b

Operates as an integrated retail electricity and power generation company in the United States.

Southern

Market Cap: €102.9b

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

Hokkaido Electric Power Company

Market Cap: €223.4b

Generates, transmits, and distributes electricity in Japan.

Veolia Environnement

Market Cap: €21.4b

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

Origin Energy

Market Cap: €21.6b

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.

Veolia Environnement

Market Cap: €21.3b

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

Clearway Energy

Market Cap: €6.3b

Operates in the clean energy generation assets business in the United States.

ATCO

Market Cap: €6.0b

Engages in the energy, logistics and transportation, shelter, and real estate services in Canada, Australia, and internationally.

Mon Courtier Energie Groupe

Market Cap: €19.2m

Operates energy brokerage network in France.