Global Utilities Potentially Undervalued Companies

Super Energy Corporation

Market Cap: ฿4.4b

Engages in generation and sale of electricity in Thailand and Vietnam.

Genesis Energy

Market Cap: AU$2.5b

Generates, trades in, and sells electricity to residential and business customers in New Zealand.

Rojana Industrial Park

Market Cap: ฿8.9b

Engages in the manufacture and sale of electricity from solar cell system in Thailand.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ136.5b

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

Fortum Oyj

Market Cap: €14.4b

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.

National Fuel Gas

Market Cap: US$7.6b

Operates as a diversified energy company.

A2A

Market Cap: €7.4b

Engages in the production, sale, and distribution of gas and electricity, and district heating in Italy and internationally.

Gelsenwasser

Market Cap: €1.9b

Engages in the water, wastewater, gas supply, and electricity businesses in Germany, the Czech Republic, and Poland.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Market Cap: US$1.5t

Engages in the distribution and sale of electricity in Argentina.

Interconexión Eléctrica E.S.P

Market Cap: US$21.3t

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

China Longyuan Power Group

Market Cap: €113.0b

Generates and sells wind, coal, and photovoltaic (PV) power in the Chinese Mainland, Canada, South Africa, and Ukraine.

National Grid

Market Cap: US$52.1b

Engages in the transmission and distribution of electricity and gas.

SDIC Power Holdings

Market Cap: US$120.9b

Engages in the electricity generation business in China.

Companhia Energética do Ceará - COELCE

Market Cap: R$2.0b

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

Black Hills

Market Cap: US$4.1b

Through its subsidiaries, operates as an electric and natural gas utility company in the United States.

EnBW Energie Baden-Württemberg

Market Cap: €18.9b

Operates as an integrated energy company in Germany, rest of Europe, and internationally.

Uniper

Market Cap: €16.3b

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

ACEA

Market Cap: €4.7b

Operates as a multi-utility company in Italy.

Exelon

Market Cap: US$43.7b

A utility services holding company, engages in the energy distribution and transmission businesses.

Centrica

Market Cap: US$8.0b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Electric Power Development

Market Cap: €432.2b

Operates as electric utility company in Japan.

Hera

Market Cap: €6.1b

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

Telecom Plus

Market Cap: UK£1.6b

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

Camuzzi Gas Pampeana

Market Cap: AR$806.5b

Distributes natural gas in Argentina.

Companhia Energética de Minas Gerais - CEMIG

Market Cap: R$34.7b

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

Shandong Shengli

Market Cap: CN¥3.0b

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

APA Group

Market Cap: AU$11.0b

Engages in the energy infrastructure business in Australia.

Vinh Son - Song Hinh Hydropower

Market Cap: ₫11.4t

Provides electricity services in Vietnam.

Litgrid

Market Cap: €418.6m

Engages in the electricity transmission and related services in Lithuania and internationally.

Greencoat Renewables

Market Cap: €846.1m

Owns and operates renewable energy infrastructure assets in the Republic of Ireland, Germany, France, Sweden, and Spain.