Global Utilities Potentially Undervalued Companies

Hong Kong and China Gas

Market Cap: €130.4b

Produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China.

ReVolve Renewable Power

Market Cap: CA$13.6m

Owns, operates, and develops of renewable energy electricity generation projects in the United States, Mexico, and Canada.

Osmosun

Market Cap: €14.4m

Provides water treatment solutions with the use of renewable energy in France and internationally.

Hera

Market Cap: €5.4b

A multi-utility company, engages in the waste management, water services, and energy businesses in Italy.

Vistra

Market Cap: €70.6b

Operates as an integrated retail electricity and power generation company in the United States.

E.ON

Market Cap: €40.4b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Earth Tech Environment

Market Cap: ฿1.6b

Engages in the generation and distribution of electricity from industrial waste in Thailand.

Pennon Group

Market Cap: US$2.2b

Provides water and wastewater services in the United Kingdom.

ENEA

Market Cap: €9.0b

Generates, transmits, distributes, and trades in electricity in Poland.

Centrais Elétricas Brasileiras - Eletrobrás

Market Cap: €110.6b

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

Central Puerto

Market Cap: US$1.9t

Engages in the electric power generation activities in Argentina.

Kansai Electric Power Company

Market Cap: US$2.4t

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

A2A

Market Cap: €6.6b

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

Southern

Market Cap: €100.8b

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

Vistra

Market Cap: Mex$71.2b

Operates as an integrated retail electricity and power generation company in the United States.

Italgas

Market Cap: €7.5b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Naturgy Energy Group

Market Cap: €24.7b

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

Snam

Market Cap: US$16.8b

Engages in the operation of natural gas transport and storage infrastructure.

Companhia de Saneamento do Paraná - SANEPAR

Market Cap: R$11.3b

Provides sanitation services in Brazil.

Duke Energy

Market Cap: US$94.2b

Through its subsidiaries, operates as an energy company in the United States.

Companhia Paranaense de Energia - COPEL

Market Cap: Mex$27.7b

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

Green Tech Ventures

Market Cap: ฿1.4b

Engages in the electricity generation and property development activities in Thailand, Vietnam, and the Lao People's Democratic Republic.

Enel

Market Cap: €69.7b

Operates as an integrated operator in electricity and gas industries worldwide.

Lipetsk Power Sale Company

Market Cap: ₽1.3b

Lipetsk Power Sale Company Open Joint-Stock Company engages in the supply of electricity to businesses and individuals in the Lipetsk region, Russia.

Perm Energy Supplying

Market Cap: ₽4.1b

Public Joint Stock Company Perm Energy Supplying Company engages in the electricity supply to the population and organizations of the Perm Krai.

Manila Electric

Market Cap: US$609.2b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Naturgy Energy Group

Market Cap: CHF 26.4b

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

Fortis

Market Cap: Mex$33.8b

Operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.

China Resources Gas Group

Market Cap: US$47.1b

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

China Gas Holdings

Market Cap: US$43.5b

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

Rio Paranapanema Energia

Market Cap: R$3.3b

Generates and sells electricity in Brazil.

China Southern Power Grid Energy Storage

Market Cap: CN¥36.7b

China Southern Power Grid Energy Storage Co., Ltd.

Megapower Makmur

Market Cap: Rp96.4b

Operates as an independent power producing company in Indonesia.

GuiZhou QianYuan Power

Market Cap: CN¥6.9b

Engages in the development, operation, and management of hydropower and photovoltaic power stations in China.

Shandong Hi-Speed New Energy Group

Market Cap: HK$4.6b

Engages in investment, development, construction, operation, and management of photovoltaic power, wind power, and clean heat supply service businesses in the People’s Republic of China.

Gujarat Industries Power

Market Cap: ₹29.4b

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