Global Utilities Potentially Undervalued Companies

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.

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.

Audax Renovables

Market Cap: €758.4m

Engages in the generation and supplying of renewable electricity and gas in Spain, Portugal, Italy, Poland, Germany, Netherlands, France, Panama, and Hungary.

Hera

Market Cap: Mex$5.3b

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

Beijing Enterprises Water Group

Market Cap: US$25.3b

An investment holding company, provides water treatment services.

Hong Kong and China Gas

Market Cap: US$131.6b

Produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China.

Superior Plus

Market Cap: CA$1.7b

Distributes propane, compressed natural gas, and renewable energy and related products and services in the United States and Canada.

RWE

Market Cap: €25.8b

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

Hera

Market Cap: €5.4b

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

Boralex

Market Cap: €2.8b

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

Fortum Oyj

Market Cap: €13.8b

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.

Voltalia

Market Cap: €825.3m

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

Kansai Electric Power Company

Market Cap: €2.5t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Artesian Resources

Market Cap: US$336.9m

Provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania.

Consolidated Edison

Market Cap: €35.0b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Vistra

Market Cap: US$72.3b

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

TAQA ArabiaE

Market Cap: ج.م16.2b

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

Northwest Natural Holding

Market Cap: US$1.7b

Through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States.

Snam

Market Cap: €17.0b

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

Gigasun

Market Cap: €148.7m

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

Endesa

Market Cap: US$27.8b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Kontrol Technologies

Market Cap: US$5.7m

Through its subsidiaries, provides energy compliance and consulting services in Canada and the United States.

Companhia de Saneamento do Paraná - SANEPAR

Market Cap: R$11.2b

Provides sanitation services in Brazil.

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.

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.

Contact Energy

Market Cap: €9.1b

Generates and sells electricity and natural gas in New Zealand.

Shenergy

Market Cap: CN¥38.4b

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

Energy Absolute

Market Cap: ฿27.3b

Engages in the manufacture and distribution of crude palm oil, biodiesel, and glycerol products in Thailand.

China Renewable Energy Investment

Market Cap: HK$380.9m

An investment holding company, engages in the renewable energy business in the People’s Republic of China and Hong Kong.

GCL Energy TechnologyLtd

Market Cap: CN¥18.8b

Engages in the development of clean energy and renewable energy projects in China.

China Green Electricity Investment of Tianjin

Market Cap: CN¥18.7b

China Green Electricity Investment of Tianjin Co., Ltd.

Dawood Lawrencepur

Market Cap: PK₨18.0b

Through its subsidiaries, engages in the trading and marketing of renewable energy solutions to commercial and industrial consumers in Pakistan.

Xinda Investment Holdings

Market Cap: HK$147.0m

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

Vector

Market Cap: NZ$4.7b

Engages in electricity and gas distribution, telecommunication and new energy solutions businesses in New Zealand.

Enerya Enerji Anonim Sirketi

Market Cap: ₺99.1b

Engages in the natural gas distribution business in Turkey.

GEPIC Energy Development

Market Cap: CN¥21.4b

Engages in hydropower, wind power, and photovoltaic power generation business in China.