Global Utilities Potentially Undervalued Companies

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.

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.

Dala Energi

Market Cap: €1.2b

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

Enel

Market Cap: US$79.2b

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

Brookfield Renewable Partners

Market Cap: CA$23.3b

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

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.

Vistra

Market Cap: AR$71.0b

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

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.

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.

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.

Hokuriku Electric Power

Market Cap: €186.0b

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

AltaGas

Market Cap: US$12.3b

Operates as an energy infrastructure company in North America.

Avista

Market Cap: €2.9b

Operates as an electric and natural gas utility company in the United States.

Capital Power

Market Cap: CA$9.4b

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

Fortis

Market Cap: CA$33.8b

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

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.

Empresa Eléctrica Pehuenche

Market Cap: CL$1.8t

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

Naturgy Energy Group

Market Cap: €24.6b

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

Polaris Renewable Energy

Market Cap: €284.2m

Engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean.

Daesung Holdings

Market Cap: ₩141.6b

Engages in the energy, educational content, and information and communication businesses in South Korea.

ToellLtd

Market Cap: JP¥15.1b

Engages in the production, wholesale, and retail of liquefied petroleum gas (LPG) in Japan and internationally.

Tokyo Electric Power Company Holdings

Market Cap: JP¥1.1t

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

Shandong Shengli

Market Cap: CN¥3.3b

Engages in the natural gas, plastic pipeline, and other industrial businesses in China.

Zhejiang Xinzhonggang Thermal Power

Market Cap: CN¥3.6b

Zhejiang Xinzhonggang Thermal Power Co., LTD.

Shenergy

Market Cap: CN¥38.4b

Engages in the development, investment, and operation of raw materials and projects related to energy construction in China.

Guangdong Baolihua New Energy Stock

Market Cap: CN¥10.0b

Guangdong Baolihua New Energy Stock Co., Ltd.

CGN Power

Market Cap: HK$192.7b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Can Don Hydro Power

Market Cap: ₫1.1t

Produces and trades in electricity in Vietnam.

Fortum Oyj

Market Cap: €13.9b

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.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Earth Tech Environment

Market Cap: ฿1.6b

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

Orient Green Power

Market Cap: ₹16.7b

An independent power producer of renewable power, engages in the generation and sale of wind energy in India and Croatia.

Kot Addu Power

Market Cap: PK₨31.1b

Owns, operates, and maintains a multi-fuel fired power station located in Kot Addu, Punjab, Pakistan.

Hokuriku Electric Power

Market Cap: JP¥186.0b

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

Haiphong Electricity Water Machine Assembly

Market Cap: ₫561.9b

Supplies electricity to households.