Global Utilities Potentially Undervalued Companies

China Datang Corporation Renewable Power

Market Cap: HK$15.8b

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

Luenmei QuantumLtd

Market Cap: CN¥13.0b

Engages in the generation and supply of heat, power, and steam in China.

China Southern Power Grid Energy Storage

Market Cap: CN¥31.2b

China Southern Power Grid Energy Storage Co., Ltd.

Chengdu Xingrong Environment

Market Cap: CN¥21.0b

Engages in the water purification, wastewater treatment and reclaimed water utilization, and environmental protection business in China.

Chongqing Gas Group

Market Cap: CN¥8.5b

Engages in the natural gas operation business in China and internationally.

China Datang Corporation Renewable Power

Market Cap: HK$15.8b

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

Italgas

Market Cap: €5.8b

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

Okinawa Electric Power Company

Market Cap: JP¥51.7b

Engages in the generation, transmission, and distribution of electricity in Okinawa Prefecture, Japan.

TPI Polene Power

Market Cap: ฿17.6b

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

NLC India

Market Cap: ₹315.2b

Operates in the mining and power generation business in India.

NTPC

Market Cap: ₹3.4t

Primarily engages in the generation and sale of bulk power to state power utilities in India.

Energy Development

Market Cap: ₹861.2m

Generates and sells electricity from water and wind to various electricity boards in India.

Malakoff Corporation Berhad

Market Cap: RM 3.9b

An investment holding company, operates as an independent power production and supply, and environmental management company in Malaysia.

K&O Energy Group

Market Cap: JP¥73.8b

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

CK Power

Market Cap: ฿21.9b

Through its subsidiaries, generates and sells electricity and steam in Thailand and Lao People’s Democratic Republic.

Ba Ria Thermal Power

Market Cap: ₫707.7b

Engages in the production and trading of electricity in Vietnam.

PetroVietnam Power Corporation - JSC

Market Cap: ₫27.8t

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

Binh Duong Water - Environment Corporation -

Market Cap: ₫10.8t

Engages in the production and supply of treated water; and the waste treatment and waste-water treatment activities in Vietnam.

Hydro Power - Power No. 3

Market Cap: ₫532.0b

Hydro Power Joint Stock Company - Power No.

Energeia

Market Cap: NOK 32.8m

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

Concord New Energy Group

Market Cap: €3.7b

An investment holding company, engages in the generation of power in the People’s Republic of China and internationally.

Ørsted

Market Cap: €110.0b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Telecom Plus

Market Cap: €1.5b

Engages in the provision of utility services in the United Kingdom.

Genesis Energy

Market Cap: €2.4b

Generates, trades in, and sells electricity to residential and business customers in New Zealand.

Italgas

Market Cap: US$5.9b

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

NRG Energy

Market Cap: US$21.7b

Operates as an energy and home services company in the United States and Canada.

Gigasun

Market Cap: SEK 169.3m

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

ZE PAK

Market Cap: zł953.4m

Produces and sells electricity and heat in Poland.

Enel

Market Cap: US$77.6b

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

Power Assets Holdings

Market Cap: US$109.4b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Pinnacle West Capital

Market Cap: €11.4b

Through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona.

Enel

Market Cap: €77.6b

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

Solaria Energía y Medio Ambiente

Market Cap: €828.9m

Generates solar photovoltaic energy.

A2A

Market Cap: €7.0b

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

Serena Energia

Market Cap: R$6.1b

Generates and sells renewable energy.

Ørsted

Market Cap: DKK 110.0b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.