Global Utilities Potentially Undervalued Companies

Brookfield Renewable

Market Cap: CA$9.8b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Pampa Energía

Market Cap: AR$4.7t

Operates as an integrated power company in Argentina.

Inversiones Aguas Metropolitanas

Market Cap: CL$865.0b

Through its subsidiaries, engages in the sanitation business in Chile.

E.ON

Market Cap: Kč40.3b

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

Fortum Oyj

Market Cap: €13.2b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Boralex

Market Cap: CA$3.2b

Engages in the developing, building, and operating power generating and storage facilities in Canada, France, and the United States.

Enel

Market Cap: €77.6b

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

Sembcorp Industries

Market Cap: €11.7b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

Black Hills

Market Cap: €4.4b

Through its subsidiaries, operates as an electric and natural gas utility company in the United States.

China Datang Corporation Renewable Power

Market Cap: €15.8b

Engages in the development, investment, construction, and management of wind, solar, and biomass power sources the People's Republic of China.

Fortum Oyj

Market Cap: €13.2b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

CLP Holdings

Market Cap: €167.5b

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

Scatec

Market Cap: NOK 12.6b

Provides renewable energy solutions worldwide.

ATCO

Market Cap: €5.7b

Engages in the energy, logistics and transportation, shelter, and real estate services in Canada, Australia, and internationally.

Fortum Oyj

Market Cap: €13.2b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

AS Tallinna Vesi

Market Cap: €216.0m

A water utility company, collects, treats, and supplies water for private houses, apartment associations, and commercial customers in Estonia.

Centrica

Market Cap: €7.9b

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

Energeia

Market Cap: €32.8m

Develops, operates, and owns solar PV power plants in Norway and the Netherlands.

Veolia Environnement

Market Cap: €23.5b

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

TAURON Polska Energia

Market Cap: €10.4b

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

Enagás

Market Cap: €3.6b

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

Distribuzione Elettrica Adriatica

Market Cap: €58.9m

Engages in managing the electricity network in Central and Northern Italy.

Sempra

Market Cap: €49.1b

Operates as an energy infrastructure company in the United States and internationally.

Otter Tail

Market Cap: US$3.3b

Engages in electric utility, manufacturing, and plastic pipe businesses in the United States.

Fortum Oyj

Market Cap: €13.2b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Empresa Eléctrica Pehuenche

Market Cap: CL$1.7t

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

Iberdrola

Market Cap: US$99.4b

Engages in the generation, production, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia.

DTE Energy

Market Cap: US$28.4b

Engages in the energy-related businesses and services.

S.N.T.G.N. Transgaz

Market Cap: RON 5.3b

Engages in the transmission of natural gas in Romania and internationally.

ERG

Market Cap: €2.6b

Through its subsidiaries, produces energy through renewable sources in Italy, France, Germany, the United Kingdom, Poland, Bulgaria, Sweden, Romania, and Spain.

Burgenland Holding

Market Cap: €210.0m

Through its investment in Burgenland Energie AG, engages in the generation and sale of electricity in Austria.

Naturgy Energy Group

Market Cap: €25.2b

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

Sunnova Energy International

Market Cap: €23.6m

Provides solar energy services in the United States.

Tokyo Electric Power Company Holdings

Market Cap: JP¥698.7b

Engages in the generation, transmission, distribution, and retail of electric power in Japan and internationally.

Fortis

Market Cap: CA$33.9b

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

Rubis

Market Cap: €2.9b

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