German Utilities Potentially Undervalued Companies

Genesis Energy

Market Cap: €3.5b

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

Ormat Technologies

Market Cap: €6.7b

Engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines, and internationally.

Huaneng Power International

Market Cap: €110.5b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Portland General Electric

Market Cap: €5.8b

An integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.

Public Service Enterprise Group

Market Cap: €36.2b

Through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States.

Drax Group

Market Cap: €2.5b

Engages in renewable power generation in the United Kingdom.

Public Service Enterprise Group

Market Cap: €36.2b

Through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States.

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.

Societatea Energetica Electrica

Market Cap: €19.3b

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

ECB

Market Cap: €63.6m

Through its subsidiaries, engages in the production and sale of electricity and heat through renewable sources in Poland.

Dominion Energy

Market Cap: €58.6b

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

S.N.T.G.N. Transgaz

Market Cap: €16.9b

Engages in the operation of natural gas transmission systems in Romania and the Republic of Moldova.

Contact Energy

Market Cap: €9.5b

Operates as an energy generator and retailer in New Zealand.

China Oil And Gas Group

Market Cap: €676.4m

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

Kansai Electric Power Company

Market Cap: €2.9t

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

National Grid

Market Cap: €58.2b

Engages in the transmission and distribution of electricity and gas.

Italgas

Market Cap: €8.9b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

PG&E

Market Cap: €39.9b

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.

National Grid

Market Cap: €58.2b

Engages in the transmission and distribution of electricity and gas.

Engie

Market Cap: €61.1b

Engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Elmera Group

Market Cap: €5.0b

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

Admie Holding

Market Cap: €1.6b

Engages in the production and supply of electricity transmission in Greece.

China Longyuan Power Group

Market Cap: €110.6b

Engages in new energy power generation in the Chinese Mainland, Canada, South Africa, and Ukraine.

Gelsenwasser

Market Cap: €1.9b

Engages in the water, energy, and service businesses in Germany, the Czech Republic, and Poland.

REN - Redes Energéticas Nacionais SGPS

Market Cap: €2.3b

Engages in the transmission of electricity and natural gas in Portugal.

Ørsted

Market Cap: €178.9b

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

Origin Energy

Market Cap: €20.3b

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.

PG&E

Market Cap: €38.8b

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.

Iren

Market Cap: €3.2b

Operates as a multi-utility company in Italy.

National Fuel Gas

Market Cap: €7.8b

Operates as a diversified energy company.

Meridian Energy

Market Cap: €14.8b

Engages in the generation and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom.

Skandia GreenPower

Market Cap: €162.5m

Provides electricity and energy-saving services in Norway.