German Utilities Potentially Undervalued Companies

Ørsted

Market Cap: €108.5b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

MINT Société anonyme

Market Cap: €27.7m

Provides renewable electricity in France.

Tokyo Electric Power Company Holdings

Market Cap: €698.8b

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

Tohoku Electric Power Company

Market Cap: €505.2b

Operates as an energy service conglomerate 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.

TransAlta

Market Cap: €3.7b

Engages in the development, production, and sale of electric energy.

ATCO

Market Cap: €5.7b

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

Audax Renovables

Market Cap: €676.8m

Engages in the generation and supplying of renewable electricity and gas in Spain, Portugal, Italy, Poland, Germany, Netherlands, France, Panama, and Hungary.

Energeia

Market Cap: €37.1m

Develops, operates, and owns solar PV power plants in Norway and the Netherlands.

Sunnova Energy International

Market Cap: €26.9m

Provides solar energy services in the United States.

AS Tallinna Vesi

Market Cap: €214.0m

A water utility company, collects, treats, and supplies water for private houses, apartment associations, and commercial customers in Estonia.

Veolia Environnement

Market Cap: €23.1b

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

Naturgy Energy Group

Market Cap: €24.9b

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

ERG

Market Cap: €2.6b

Through its subsidiaries, produces energy through renewable sources in Italy, France, Germany, the United Kingdom, Poland, Bulgaria, Sweden, Romania, and Spain.

Enel

Market Cap: €76.5b

Operates as an integrated operator in electricity and gas industries worldwide.

CLP Holdings

Market Cap: €166.5b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Centrica

Market Cap: €7.8b

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

Sempra

Market Cap: €48.7b

Operates as an energy infrastructure company in the United States and internationally.

Black Hills

Market Cap: €4.3b

Through its subsidiaries, operates as an electric and natural gas utility company in the United States.

China Datang Corporation Renewable Power

Market Cap: €16.4b

Engages in the development, investment, construction, and management of wind, solar, and biomass power sources the People's Republic of China.

ATCO

Market Cap: €5.7b

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

Sembcorp Industries

Market Cap: €11.5b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

TAURON Polska Energia

Market Cap: €10.4b

Through its subsidiaries, generates, distributes, and supplies electricity and heat in Poland and the Czech Republic.

Light

Market Cap: €1.9b

Engages in the generation, transmission, distribution, and sale of electric power in Brazil.

Ørsted

Market Cap: €108.5b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Concord New Energy Group

Market Cap: €3.7b

An investment holding company, engages in the generation of power in the People’s Republic of China and internationally.

Pinnacle West Capital

Market Cap: €11.2b

Through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona.

Telecom Plus

Market Cap: €1.5b

Engages in the provision of utility services in the United Kingdom.

Genesis Energy

Market Cap: €2.4b

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

CLP Holdings

Market Cap: €166.5b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

PGE Polska Grupa Energetyczna

Market Cap: €17.9b

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

NorthWestern Energy Group

Market Cap: €3.6b

Provides electricity and natural gas to residential, commercial, and various industrial customers.

Spruce Power Holding

Market Cap: €50.4m

Owns and operates distributed solar energy assets in the United States.

Companhia Paranaense de Energia - COPEL

Market Cap: US$26.6b

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

S.N.T.G.N. Transgaz

Market Cap: €5.6b

Engages in the transmission of natural gas in Romania and internationally.

Innergex Renewable Energy

Market Cap: €2.7b

Operates as an independent renewable power producer in Canada, the United States, France, and Chile.