Global Utilities Potentially Undervalued Companies

NYOCOR

Market Cap: CN¥11.2b

Engages in the development, investment, construction, and operation of new energy power projects in China.

Solaria Energía y Medio Ambiente

Market Cap: €1.4b

Generates solar photovoltaic energy.

China Gas Holdings

Market Cap: HK$42.7b

An investment holding company, operates as an energy supplier and service provider 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.

ENEA

Market Cap: zł9.1b

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

Iren

Market Cap: €3.3b

Operates as a multi-utility company in Italy.

Telecom Plus

Market Cap: UK£1.5b

Provides utility services in the United Kingdom.

Snam

Market Cap: €16.9b

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

Italgas

Market Cap: €7.5b

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

7C Solarparken

Market Cap: US$265.1m

Owns and operates PV farms in Germany and Belgium.

Pampa Energía

Market Cap: AR$5.0t

Operates as an integrated power company in Argentina.

EVN

Market Cap: €4.2b

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

PPL

Market Cap: €26.2b

Provides electricity and natural gas to approximately 3.5 million customers in the United States.

Companhia Paranaense de Energia - COPEL

Market Cap: US$36.5b

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

Enel

Market Cap: US$79.2b

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

AltaGas

Market Cap: €12.3b

Operates as an energy infrastructure company in North America.

Dala Energi

Market Cap: €1.2b

Operates as a supplier of electricity, heating, and fiber networks in Sweden.

Meridian Energy

Market Cap: €14.9b

Engages in the generation and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom.

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener

Market Cap: AR$804.0b

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.

AltaGas

Market Cap: US$12.3b

Operates as an energy infrastructure company in North America.

Vistra

Market Cap: AR$71.0b

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

TAURON Polska Energia

Market Cap: €15.4b

Through its subsidiaries, generates, distributes, and supplies electricity and heat in Poland and the Czech Republic.

Energa

Market Cap: €6.0b

Engages in the generation, distribution, trading, and sale of electricity and heat in Poland.

Consolidated Edison

Market Cap: €34.5b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

AS Tallinna Vesi

Market Cap: €212.0m

A water utility company, provides drinking water and wastewater services in Estonia.

Holaluz-Clidom

Market Cap: €31.1m

Produces and sells electricity and gas.

Centrica

Market Cap: US$7.9b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

CLP Holdings

Market Cap: €166.2b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

SSE

Market Cap: €18.3b

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

Brookfield Renewable Partners

Market Cap: CA$23.3b

Owns a portfolio of renewable power generating facilities in North America, Colombia, and Brazil.

VERBUND

Market Cap: €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.

Fortis

Market Cap: CA$33.8b

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

Capital Power

Market Cap: CA$9.4b

Develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States.

Emera

Market Cap: €19.1b

An energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas.

Hokuriku Electric Power

Market Cap: €186.0b

Supplies electricity through integrated power generation, transmission, and distribution systems in Japan.

Rubis

Market Cap: US$3.2b

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