Spanish Utilities Potentially Undervalued Companies

Centrais Elétricas Brasileiras - Eletrobrás

Market Cap: €88.6b

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

Neoenergia

Market Cap: €28.5b

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

Companhia Paranaense de Energia - COPEL

Market Cap: €34.4b

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

Naturgy Energy Group

Market Cap: €26.0b

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

Endesa

Market Cap: €27.4b

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.

Holaluz-Clidom

Market Cap: €30.5m

Produces and sells electricity and gas.

Audax Renovables

Market Cap: €680.5m

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

Solaria Energía y Medio Ambiente

Market Cap: €1.3b

Generates solar photovoltaic energy.