Global Utilities Potentially Undervalued Companies

Uniper

Market Cap: €14.9b

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

Companhia de Saneamento do Paraná - SANEPAR

Market Cap: R$11.2b

Provides sanitation services in Brazil.

Vector

Market Cap: NZ$4.7b

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

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.

BKW

Market Cap: CHF 8.7b

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.

Chugoku Electric Power

Market Cap: JP¥320.0b

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

Naturgy Energy Group

Market Cap: €24.7b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Electric Power Development

Market Cap: JP¥530.8b

Operates as electric utility company in Japan.

GCL Energy TechnologyLtd

Market Cap: CN¥18.9b

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

GEPIC Energy Development

Market Cap: CN¥21.4b

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

SPC Power

Market Cap: ₱11.8b

Generates, distributes, and sells electricity in the Philippines.

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.

Foran Energy Group

Market Cap: CN¥14.6b

Foran Energy Group Co., Ltd. transports and sells natural gas in China.

Zhongshan Public Utilities GroupLtd

Market Cap: CN¥14.1b

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

China Green Electricity Investment of Tianjin

Market Cap: CN¥18.6b

China Green Electricity Investment of Tianjin Co., Ltd.

YTL Corporation Berhad

Market Cap: JP¥30.2b

Operates as an integrated infrastructure developer.

Carnegie Clean Energy

Market Cap: AU$27.8m

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.

First Gen

Market Cap: ₱59.2b

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

China Renewable Energy Investment

Market Cap: HK$385.9m

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

CLP Holdings

Market Cap: HK$166.0b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

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.

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.

Companhia Energética do Ceará - COELCE

Market Cap: R$2.7b

Companhia Energética do Ceará – COELCE engages in the electricity distribution services.

China Gas Holdings

Market Cap: HK$43.4b

An investment holding company, operates as an energy supplier and service provider in the People’s Republic of China.

Shandong Shengli

Market Cap: CN¥3.2b

Engages in the natural gas, plastic pipeline, and other industrial businesses in China.

CLP Holdings

Market Cap: HK$166.0b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Interconexión Eléctrica E.S.P

Market Cap: US$24.6t

Engages in the electric power, roads, and ICT and telecommunications business activities.

Meridian Energy

Market Cap: AU$14.8b

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

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ137.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Baraka Power

Market Cap: ৳2.7b

Generates and supplies electricity in Bangladesh.

CGN Power

Market Cap: HK$191.2b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

NLC India

Market Cap: ₹363.4b

Engages in the mining and power generation business in India.

Grandtop Yongxing GroupLtd

Market Cap: CN¥14.4b

Engages in the waste incineration power generation business in China.