Spanish Utilities Potentially Undervalued Companies

Neoenergia

Market Cap: €32.6b

Generates, transmits, distributes, trades in, and commercializes electric energy in Brazil.

Acciona

Market Cap: €9.0b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Naturgy Energy Group

Market Cap: €25.5b

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

Centrais Elétricas Brasileiras - Eletrobrás

Market Cap: €101.9b

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

Solaria Energía y Medio Ambiente

Market Cap: €1.6b

Generates solar photovoltaic energy.

Audax Renovables

Market Cap: €630.9m

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

Holaluz-Clidom

Market Cap: €31.0m

Produces and sells electricity and gas.