Spanish Utilities Potentially Undervalued Companies

Neoenergia

Market Cap: €40.1b

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

Enagás

Market Cap: €3.9b

Engages in the transmission, storage, and regasification of natural gas.

Cox ABG Group

Market Cap: €801.4m

Operates as an integrated utility of water and energy company in South America, Mexico, Europe, Africa, Spain, Latin America, and internationally.

Naturgy Energy Group

Market Cap: €23.3b

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

AXIA Energia

Market Cap: €165.7b

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

Audax Renovables

Market Cap: €566.0m

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

Solaria Energía y Medio Ambiente

Market Cap: €2.6b

Generates solar photovoltaic energy.

Holaluz-Clidom

Market Cap: €26.2m

Produces and sells electricity and gas.

Corporación Acciona Energías Renovables

Market Cap: €6.8b

Corporación Acciona Energías Renovables, S.A.