Global Utilities Potentially Undervalued Companies

Tohoku Electric Power Company

Market Cap: US$528.3b

Operates as an energy service in Japan and internationally.

Meridian Energy

Market Cap: US$14.8b

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

Fortum Oyj

Market Cap: US$16.0b

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.

Beijing Enterprises Water Group

Market Cap: HK$24.7b

An investment holding company, provides water treatment services.

Jiangsu Guoxin

Market Cap: CN¥29.4b

Generates and sells electricity in China.

CGN New Energy Holdings

Market Cap: HK$10.9b

Generates and supplies electricity and steam in the People’s Republic of China and Republic of Korea.

China Green Electricity Investment of Tianjin

Market Cap: CN¥17.1b

China Green Electricity Investment of Tianjin Co., Ltd.

Beijing Jingneng Clean Energy

Market Cap: HK$19.4b

Generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in Mainland China and internationally.

Electric Power Development

Market Cap: JP¥541.4b

Operates as electric utility company in Japan.

Xinda Investment Holdings

Market Cap: HK$169.2m

Owns and operates solar power plants and public infrastructure construction business in the People’s Republic of China.

Jy Gas

Market Cap: HK$264.0m

An investment holding company, engages in the sale of natural gas in the People’s Republic of China.

Huaneng Power International

Market Cap: HK$123.5b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Hsin Kao GasLtd

Market Cap: NT$4.1b

Engages in the installation of natural gas for supplying domestic and commercial fuels and related pipelines in Taiwan.

Nanjing Public Utilities Development

Market Cap: CN¥4.1b

Nanjing Public Utilities Development Co., Ltd.

Carnegie Clean Energy

Market Cap: AU$28.9m

Engages in the development of the CETO Wave Energy Technology, a submerged point absorber type wave energy converter which converts ocean waves into zero-emission electricity internationally.

SPC Power

Market Cap: ₱13.5b

Generates, distributes, and sells electricity in the Philippines.

Xinyi Energy Holdings

Market Cap: HK$9.7b

An investment holding company, owns, operates, and manages solar farms in the People's Republic of China.

Universal Technologies Holdings

Market Cap: HK$512.7m

An investment holding company, primarily engages in the water supply and related services business in the People’s Republic of China, Hong Kong, and internationally.

Zhongshan Public Utilities GroupLtd

Market Cap: CN¥18.5b

Engages in the environmental water, solid waste, new energy, engineering construction, and auxiliary businesses in China and internationally.

Huzhou Gas

Market Cap: HK$1.0b

Engages in distributing piped natural gas and liquefied natural gas in the People’s Republic of China.

First Gen

Market Cap: ₱66.2b

Through its subsidiaries, engages in the power generation business in the Philippines.

GCL Energy TechnologyLtd

Market Cap: CN¥15.8b

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

Nishat Chunian Power

Market Cap: PK₨13.8b

Nishat Chunian Power Limited builds, owns, operates, and maintains a fuel fired power station in Pakistan.

Chugoku Electric Power

Market Cap: JP¥347.8b

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

Huaneng Lancang River Hydropower

Market Cap: CN¥174.6b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Uniper

Market Cap: €15.8b

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

Talen Energy

Market Cap: €16.1b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Corporación Acciona Energías Renovables

Market Cap: €6.8b

Corporación Acciona Energías Renovables, S.A.

Fortum Oyj

Market Cap: €16.0b

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.

United Utilities Group

Market Cap: UK£8.2b

Provides water and wastewater services in the United Kingdom.

Enerjisa Enerji

Market Cap: ₺100.0b

Engages in the provision of electricity distribution, retail sales, and customer solutions in Turkey.

Voltalia

Market Cap: €905.1m

Engages in the production and sale of energy generated by the wind, solar, hydropower, biomass, and storage plants.

AS Tallinna Vesi

Market Cap: €213.0m

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

Uniper

Market Cap: €15.8b

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