Global Utilities Potentially Undervalued Companies

CLP Holdings

Market Cap: HK$167.5b

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

Fortis

Market Cap: US$33.8b

Operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.

Innergex Renewable Energy

Market Cap: CA$2.7b

Operates as an independent renewable power producer in Canada, the United States, France, and Chile.

Voltalia

Market Cap: €986.8m

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

Endesa

Market Cap: US$27.4b

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.

Voltalia

Market Cap: €962.1m

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

PGE Polska Grupa Energetyczna

Market Cap: zł17.9b

Engages in the production and distribution of electricity and heat in Poland.

Artesian Resources

Market Cap: US$352.7m

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

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 Rostov-on-Don

Market Cap: ₽4.4b

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

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.

Encavis

Market Cap: US$2.1b

An independent power producer, acquires and operates solar and onshore wind parks in Germany, Italy, Spain, France, Denmark, the Netherlands, the United Kingdom, Finland, Sweden, Ireland, and Lithuania.

Scatec

Market Cap: NOK 12.5b

Provides renewable energy solutions worldwide.

Scatec

Market Cap: €12.5b

Provides renewable energy solutions worldwide.

Polenergia

Market Cap: €5.1b

Engages in the generation, distribution, trading, and sale of electricity in Poland and internationally.

Origin Energy

Market Cap: €17.7b

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.

Telecom Plus

Market Cap: UK£1.5b

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

Solaria Energía y Medio Ambiente

Market Cap: €868.4m

Generates solar photovoltaic energy.

Chubu Electric Power Company

Market Cap: €1.3t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

PG&E

Market Cap: €37.7b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

ReNew Energy Global

Market Cap: US$2.4b

Generates power through non-conventional and renewable energy sources in India.

Brookfield Renewable

Market Cap: US$9.5b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Naturgy Energy Group

Market Cap: US$24.9b

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

Elmera Group

Market Cap: €3.9b

Engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway, Sweden, and Finland.

RWE

Market Cap: Kč24.9b

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

Electric Power Development

Market Cap: €459.8b

Operates as electric utility company in Japan.

Companhia Energética de Minas Gerais - CEMIG

Market Cap: R$35.3b

Through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil.

Iren

Market Cap: €3.1b

Operates as a multi-utility company in Italy.

Enagás

Market Cap: €3.5b

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

Beijing Jingneng Clean Energy

Market Cap: €20.3b

Generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in the People’s Republic of China.

ACME Solar Holdings

Market Cap: ₹127.4b

A solar independent power producing company, engages in developing, building, owning, operating, and maintaining utility scale renewable energy projects in India.

CEZ a. s

Market Cap: Kč607.7b

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

Aguas Andinas

Market Cap: CL$2.1t

Aguas Andinas S.A., together with its subsidiaries, constructs and operates as a water utility company in Chile.

REN - Redes Energéticas Nacionais SGPS

Market Cap: €1.9b

Engages in the transmission of electricity and natural gas in Portugal.

Edison International

Market Cap: €22.3b

Through its subsidiaries, engages in the generation and distribution of electric power.