Spanish Utilities Potentially Undervalued Companies

Neoenergia

Market Cap: €39.4b

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

Naturgy Energy Group

Market Cap: €25.4b

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

Acciona

Market Cap: €9.9b

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

Endesa

Market Cap: €32.8b

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.

Solaria Energía y Medio Ambiente

Market Cap: €2.1b

Generates solar photovoltaic energy.

Audax Renovables

Market Cap: €584.0m

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

Holaluz-Clidom

Market Cap: €27.5m

Produces and sells electricity and gas.