Global Utilities Potentially Undervalued Companies

Jiangsu Guoxin

Market Cap: CN¥29.5b

Generates and sells electricity in China.

China Datang Corporation Renewable Power

Market Cap: HK$15.6b

Engages in the investment, development, construction, and management of wind power and other renewable energy sources in the People's Republic of China.

Indraprastha Gas

Market Cap: ₹258.7b

Distributes and sells natural gas in India.

K&O Energy Group

Market Cap: JP¥94.1b

Engages in the development, production, supply, and sale of natural gas and iodine in Japan.

Ba Ria Thermal Power

Market Cap: ₫565.5b

Engages in the production and trading of electricity in Vietnam.

Southern Hydropower

Market Cap: ₫3.5t

Engages in the construction, production, installation, and operation of hydropower plants in Vietnam.

Luenmei QuantumLtd

Market Cap: CN¥17.0b

Engages in the provision of comprehensive energy services in China.

PetroVietnam Power Corporation - JSC

Market Cap: ₫34.3t

Engages in the production and distribution of industrial and consumer electricity in Vietnam.

Chengdu Xingrong Environment

Market Cap: CN¥21.3b

Primarily engages in the tap water business in China.

China Datang Corporation Renewable Power

Market Cap: HK$15.6b

Engages in the investment, development, construction, and management of wind power and other renewable energy sources in the People's Republic of China.

MPC Energy Solutions

Market Cap: NOK 289.3m

An independent power producer, develops, builds, owns, and operates renewable energy assets in Latin America and the Caribbean.

GCL Energy TechnologyLtd

Market Cap: CN¥15.7b

Engages in clean energy asset operation and integrated energy business in China.

Contact Energy

Market Cap: AU$9.2b

Generates and sells electricity and natural gas in New Zealand.

NLC India

Market Cap: ₹326.1b

Engages in the mining and power generation business in India.

Sunpower Group

Market Cap: S$435.3m

An investment holding company, engages in the investment, development, and operation of centralized heat, steam, and electricity generation plants in the People’s Republic of China.

Meridian Energy

Market Cap: AU$14.5b

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

RWE

Market Cap: €31.2b

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

Gigasun

Market Cap: SEK 155.0m

Engages in the financing, owning, and operating of roof-mounted solar energy installations in China.

Iren

Market Cap: €3.2b

Operates as a multi-utility company in Italy.

Snam

Market Cap: €18.8b

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

eVISO

Market Cap: €167.0m

Supplies electricity and gas in Italy and Europe.

Ascopiave

Market Cap: €690.4m

Engages in the distribution of natural gas in Italy.

Solaria Energía y Medio Ambiente

Market Cap: €2.1b

Generates solar photovoltaic energy.

ACEA

Market Cap: €4.7b

Operates as a multi-utility company in Italy.

A2A

Market Cap: €7.1b

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

Holaluz-Clidom

Market Cap: €20.6m

Produces and sells electricity and gas.

Solaria Energía y Medio Ambiente

Market Cap: €2.1b

Generates solar photovoltaic energy.

TPI Polene Power

Market Cap: ฿15.0b

Generates and distributes electricity, refuse derived fuel, and organics waste in Thailand.

Spruce Power Holding

Market Cap: €50.4m

Owns and operates distributed solar energy assets in the United States.

Hera

Market Cap: Mex$5.3b

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

Ratch Group

Market Cap: US$53.9b

An energy and infrastructure company, engages in the generation and sale of electricity and steam in Thailand, Australia, Singapore, Indonesia, and internationally.

Companhia Paranaense de Energia - COPEL

Market Cap: US$26.6b

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

Electricity Generating

Market Cap: US$58.7b

Generates and sells electricity to government sector and industrial users primarily in Thailand, Laos, the Philippines, Indonesia, Australia, South Korea, Taiwan, and the United States.

Tohoku Electric Power Company

Market Cap: US$528.3b

Operates as an energy service in Japan and internationally.

CK Infrastructure Holdings

Market Cap: US$130.8b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

TAQA ArabiaE

Market Cap: ج.م17.9b

TAQA Arabia S.A.E. and its subsidiaries operates as an energy and utility provider in Egypt.