Global Utilities Potentially Undervalued Companies

ENEFI Vagyonkezelo Nyrt

Market Cap: zł1.9b

Engages in the production and sale of thermal energy in Hungary, Cyprus, and Romania.

American Electric Power Company

Market Cap: US$40.8b

An electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States.

Engro Powergen Qadirpur

Market Cap: PK₨9.6b

Generates and sells power in Pakistan.

Gujarat Industries Power

Market Cap: ₹29.4b

Engages in the generation, transmission, and distribution of electricity to power purchasing companies in India.

Jiangxi Hongcheng EnvironmentLtd

Market Cap: CN¥11.4b

Produces and supplies tap water in China.

Puxing Energy

Market Cap: HK$591.6m

An investment holding company, develops, operates, and manages natural gas-fired power plants in the People’s Republic of China.

Harbin Hatou InvestmentLtd

Market Cap: CN¥15.1b

Produces and supplies heat and thermal power in the People’s Republic of China.

An Hui Wenergy

Market Cap: CN¥16.3b

Engages in the investment and operation of electricity, energy conservation, and related projects in China.

J&V Energy Technology

Market Cap: NT$16.4b

Engages in the development, investment, maintenance, and management of renewable energy plants in Taiwan.

CEZ a. s

Market Cap: US$679.6b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

Empresa Metropolitana de Águas e Energia

Market Cap: R$2.8b

Empresa Metropolitana de Águas e Energia S.A.

RWE

Market Cap: €25.9b

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

Sermsang Power Corporation

Market Cap: ฿4.9b

Operates in the renewable energy business in Thailand, Japan, Vietnam, Mongolia, and Indonesia.

Gulf Development

Market Cap: ฿683.5b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

VERBUND

Market Cap: US$20.8b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Jiangxi Hongcheng EnvironmentLtd

Market Cap: CN¥11.4b

Produces and supplies tap water in China.

CECEP Solar EnergyLtd

Market Cap: CN¥18.3b

Engages in the solar power generation business in China.

China Resources Gas Group

Market Cap: US$46.3b

An investment holding company, engages in the sale of natural and liquefied gas and connection of gas pipelines.

Ta-Yuan Cogeneration

Market Cap: NT$6.6b

Engages in the cogeneration business in Taiwan.

Kansai Electric Power Company

Market Cap: €2.4t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Rubis

Market Cap: €3.2b

Engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.

Origin Energy

Market Cap: €21.3b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Pampa Energía

Market Cap: US$4.9t

Operates as an integrated power company in Argentina.

Rubis

Market Cap: €3.2b

Engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.

Exelon

Market Cap: €43.7b

A utility services holding company, engages in the energy distribution and transmission businesses.

Canadian Utilities

Market Cap: CA$10.2b

Engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally.

Audax Renovables

Market Cap: €623.7m

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

CFECAPITAL S. De R.L. De

Market Cap: Mex$19.3b

Operates as a trust for investment in energy and infrastructure in Mexico.

Spire

Market Cap: €4.5b

Engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States.

PG&E

Market Cap: €33.2b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Hokkaido Electric Power Company

Market Cap: €226.3b

Generates, transmits, and distributes electricity in Japan.

BKW

Market Cap: €8.6b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

PG&E

Market Cap: US$33.2b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Portland General Electric

Market Cap: US$4.6b

An integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.

A2A

Market Cap: €6.6b

Engages in the production, sale, and distribution of gas and electricity, and district heating in Italy and internationally.

Galata Wind Enerji

Market Cap: ₺13.3b

Engages in generation and sale of electricity from renewable energy in Turkey.