Spanish Utilities Potentially Undervalued Companies

Neoenergia

Market Cap: €39.7b

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

Acciona

Market Cap: €11.0b

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

Endesa

Market Cap: €34.0b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Naturgy Energy Group

Market Cap: €24.6b

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

Solaria Energía y Medio Ambiente

Market Cap: €2.4b

Generates solar photovoltaic energy.

Holaluz-Clidom

Market Cap: €26.5m

Produces and sells electricity and gas.

Audax Renovables

Market Cap: €585.8m

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