Global Utilities Potentially Undervalued Companies

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.

China Green Electricity Investment of Tianjin

Market Cap: CN¥17.5b

China Green Electricity Investment of Tianjin Co., Ltd.

CGN New Energy Holdings

Market Cap: HK$11.2b

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

Chugoku Electric Power

Market Cap: JP¥349.8b

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

First Gen

Market Cap: ₱66.5b

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

Enerjisa Enerji

Market Cap: ₺99.8b

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

SPC Power

Market Cap: ₱13.5b

Generates, distributes, and sells electricity in the Philippines.

Huaneng Lancang River Hydropower

Market Cap: CN¥178.9b

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

Territorial Generating Company No. 1

Market Cap: ₽32.6b

Public Joint Stock Company ‘Territorial Generating Company’ No.1 produces electricity and heat in the North-West region of Russia.

Ryazanenergosbyt

Market Cap: ₽3.2b

Joint-Stock Company Ryazanenergosbyt engages in the purchase and sale of electricity in the wholesale and retail markets in the Ryazan Region, Russia.

TNS energo Mari El

Market Cap: ₽2.0b

Public Joint-stock Company TNS energo Mari El supplies electricity in the Republic of Mari El.

TNS energo Rostov-on-Don

Market Cap: ₽4.4b

Public Joint Stock Company "TNS energo Rostov-on-Don" supplies electricity in the Rostov region, Russia.

Manila Water Company

Market Cap: US$101.2b

Provides water treatment and distribution, sewerage, and sanitation services in the Philippines, Indonesia, Vietnam, Thailand, and the Kingdom of Saudi Arabia.

Manila Water Company

Market Cap: US$99.5b

Provides water treatment and distribution, sewerage, and sanitation services in the Philippines, Indonesia, Vietnam, Thailand, and the Kingdom of Saudi Arabia.

ACEA

Market Cap: €4.7b

Operates as a multi-utility company in Italy.

Uniper

Market Cap: €14.2b

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

Enagás

Market Cap: €3.6b

Engages in the transmission, storage, and regasification of natural gas.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: US$93.9b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Admie Holding

Market Cap: €665.2m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

Hera

Market Cap: €5.9b

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

China Yangtze Power

Market Cap: US$686.8b

Engages in hydropower generation business in China, Portugal, Peru, Brazil, and Pakistan.

Engie

Market Cap: US$51.9b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Origin Energy

Market Cap: €20.1b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

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.

Ecosuntek

Market Cap: €39.4m

Engages in the photovoltaic electricity generation activities in Italy and internationally.

CGN New Energy Holdings

Market Cap: €11.2b

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

BKW

Market Cap: €8.8b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

RWE

Market Cap: US$30.8b

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

Admie Holding

Market Cap: €665.2m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

Engie

Market Cap: €51.9b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Avista

Market Cap: €3.1b

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

Electric Power Development

Market Cap: €528.7b

Operates as electric utility company in Japan.

CEZ a. s

Market Cap: €689.8b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

Central Puerto

Market Cap: AR$3.9t

Engages in the electric power generation activities in Argentina.

National Grid

Market Cap: US$56.3b

Engages in the transmission and distribution of electricity and gas.

EVN

Market Cap: €4.8b

Provides energy and environmental services in Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania.