German Utilities Potentially Undervalued Companies

Kangda International Environmental

Market Cap: €727.5m

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

ALTEO Energy Services

Market Cap: €108.0b

Produces and sells electricity and heat in Hungary.

Électricite de Strasbourg Société Anonyme

Market Cap: €1.0b

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

Saibu Gas HoldingsLtd

Market Cap: €65.4b

Produces, supplies, and sells natural gas in Japan.

Societatea Energetica Electrica

Market Cap: €5.6b

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

Engie

Market Cap: €47.2b

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.

S.N.T.G.N. Transgaz

Market Cap: €7.6b

Engages in the operation of natural gas transmission system in Romania.

China Oil And Gas Group

Market Cap: €778.7m

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

Kenon Holdings

Market Cap: €8.2b

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

ABO Energy GmbH KGaA

Market Cap: €398.3m

Develops renewable energy projects in Germany and internationally.

Beijing Jingneng Clean Energy

Market Cap: €21.0b

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

ABO Energy GmbH KGaA

Market Cap: €398.3m

Develops renewable energy projects in Germany and internationally.

Sichuan Energy Investment Development

Market Cap: €2.9b

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

PG&E

Market Cap: €29.6b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Chubu Electric Power Company

Market Cap: €1.4t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Elmera Group

Market Cap: €3.7b

Engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway, Sweden, and Finland.

Hawaiian Electric Industries

Market Cap: €1.9b

Engages in the electric utility business in the United States.

Edison International

Market Cap: €19.7b

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

Hera

Market Cap: €5.5b

A multi-utility company, engages in the waste management, water services, and energy businesses in Italy.

Hokkaido Electric Power Company

Market Cap: €164.5b

Generates, transmits, and distributes electricity in Japan.

Manila Electric

Market Cap: €613.1b

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

Kansai Electric Power Company

Market Cap: €1.9t

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

Naturgy Energy Group

Market Cap: €26.0b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Origin Energy

Market Cap: €20.6b

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.

ENEA

Market Cap: €10.6b

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

Companhia Paranaense de Energia - COPEL

Market Cap: €34.4b

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

Kyushu Electric Power Company

Market Cap: €611.5b

Engages in the power generation, transmission, distribution, and retail in Japan and internationally.

E.ON

Market Cap: €41.9b

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

ATCO

Market Cap: €5.7b

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

Ratch Group

Market Cap: €55.5b

An energy and infrastructure company, engages in the generation and sale of electricity and steam in Thailand, Australia, Singapore, Indonesia, and internationally.

Centrica

Market Cap: €7.3b

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

Tokyo Electric Power Company Holdings

Market Cap: €842.9b

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

E.ON

Market Cap: €41.9b

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

ACEA

Market Cap: €4.2b

Operates as a multi-utility company in Italy.

Osmosun

Market Cap: €4.4m

Osmosun SA provides water treatment solutions with the use of renewable energy in France and internationally.

ReVolve Renewable Power

Market Cap: €16.6m

Owns, operates, and develops of renewable energy electricity generation projects in the United States, Mexico, and Canada.