Global Utilities Potentially Undervalued Companies

China Longyuan Power Group

Market Cap: US$119.4b

Generates and sells wind, coal, and photovoltaic (PV) power in the Chinese Mainland, Canada, South Africa, and Ukraine.

Watlington Waterworks

Market Cap: BD$32.6m

Through its subsidiary, Bermuda Waterworks Limited, engages in the production and distribution of water in Bermuda.

China Gas Holdings

Market Cap: US$42.7b

An investment holding company, operates as an energy supplier and service provider in the People’s Republic of China.

AS Infortar

Market Cap: €897.5m

Together with its subsidiaries operates in the maritime transportation, energy, and real estate sectors in Estonia, Finland, Lithuania, Latvia, rest of European Union, and internationally.

Sunpower Group

Market Cap: S$371.4m

An investment holding company, engages in the investment, development, and operation of centralized heat, steam, and electricity generation plants in the People’s Republic of China.

Datang International Power Generation

Market Cap: HK$60.4b

Engages in power generation business in the People’s Republic of China.

Kangda International Environmental

Market Cap: HK$899.7m

An investment holding company, engages in the urban water treatment, water environment comprehensive remediation, and rural water improvement businesses in Mainland China.

Umeme

Market Cap: USh657.7b

Engages in the distribution and supply of electricity in Uganda.

Umeme

Market Cap: KSh657.7b

Engages in the distribution and supply of electricity in Uganda.

Reliance Power

Market Cap: ₹198.7b

Engages in the development, construction, and operation of power projects in India and internationally.

Tian Lun Gas Holdings

Market Cap: HK$3.9b

Engages in the transportation, distribution, and sale of natural gas and compressed natural gas through its gas pipeline connections in the People’ Republic of China.

IDICO Urban and House Development Investment

Market Cap: ₫399.2b

Provides electricity supply services in Vietnam.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥69.9b

Engages in the clean energy business in China.

Saif Power

Market Cap: PK₨4.1b

Owns, operates, and maintains a combined cycle power plant in Pakistan.

Charisma Energy Services

Market Cap: S$19.7m

An investment holding company, engages in the generation and sale of energy and power generation services in Singapore and Sri Lanka.

NTPC

Market Cap: ₹3.3t

Operates as an integrated power company in India.

Hydro Power - Power No. 3

Market Cap: ₫501.6b

Hydro Power Joint Stock Company - Power No.

AES

Market Cap: Mex$9.2b

Operates as a power generation and utility company in the United States and internationally.

Aivita Group

Market Cap: US$1.2m

Owns, operates, and distributes on-site energy systems in the United Kingdom and Europe.

Ørsted

Market Cap: €44.3b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Distribuidora de Gas del Centro

Market Cap: AR$186.9b

Distributes natural gas in the provinces of Córdoba, Catamarca, and La Rioja, Argentina.

MPC Caribbean Clean Energy

Market Cap: TT$1.6b

Together with its subsidiary, focuses on investing in renewable energy projects in Jamaica, Trinidad and Tobago, and the Caribbean and Central American region.

Sohar Power Company SAOG

Market Cap: ر.ع3.8m

Sohar Power Company SAOG builds, owns, and operates electricity generation station and water desalination plant in the Sultanate of Oman.

Shivamshree Businesses

Market Cap: ₹186.1m

Engages electric power generation using solar energy.

SSE

Market Cap: UK£18.3b

Engages in the generation, transmission, distribution, and supply of electricity.

Drax Group

Market Cap: €2.3b

Engages in renewable power generation in the United Kingdom.

Tenaga Nasional Berhad

Market Cap: €78.0b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

AES

Market Cap: €9.2b

Operates as a power generation and utility company in the United States and internationally.

China Power International Development

Market Cap: €41.3b

An investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China and internationally.

Brookfield Infrastructure

Market Cap: CA$4.9b

Owns and operates utility investments in Brazil, the United Kingdom, and internationally.

TTW

Market Cap: €36.1b

Engages in the production and sale of treated water in Thailand.

Veolia Environnement

Market Cap: €21.1b

Designs and provides water, waste, and energy management solutions.

RWE

Market Cap: €25.7b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Électricite de Strasbourg Société Anonyme

Market Cap: €1.1b

Engages in the supply of electricity and natural gas to individuals, businesses, and local authorities in France.

EVN

Market Cap: €4.2b

Provides energy and environmental services in Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania.

Jersey Electricity

Market Cap: UK£144.0m

Engages in the generation, transmission, distribution, and supply of electricity in Jersey.