Global Utilities Potentially Undervalued Companies

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.

Synergy Grid & Development Phils

Market Cap: ₱91.8b

Provides transmission services across Luzon, Visayas, and Mindanao, the Philippines.

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.

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.

Chongqing Sanfeng Environment Group

Market Cap: CN¥14.4b

Chongqing Sanfeng Environment Group Corp., Ltd.

GEPIC Energy Development

Market Cap: CN¥21.4b

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

Luenmei QuantumLtd

Market Cap: CN¥14.5b

Engages in the generation and supply of heat, power, and steam in China.

Baraka Power

Market Cap: ৳2.7b

Generates and supplies electricity in Bangladesh.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥122.4b

China Three Gorges Renewables (Group) Co.,Ltd.

Shamal Az-Zour Al-Oula Power and Water Company KSC (Public)

Market Cap: د.ك178.2m

Develops, constructs, owns, and operates power and water plants in Kuwait.

Guangdong Chant Group

Market Cap: CN¥5.4b

Operates in the environmental thermal energy business in China.

Chongqing Sanfeng Environment Group

Market Cap: CN¥14.4b

Chongqing Sanfeng Environment Group Corp., Ltd.

National Fuel Gas

Market Cap: US$7.9b

Operates as a diversified energy company.

Black Hills

Market Cap: US$4.3b

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

RWE

Market Cap: US$25.8b

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

AGL Energy

Market Cap: US$5.8b

Supplies energy and other essential services in Australia.

Uniper

Market Cap: €14.9b

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

Dogu Aras Enerji Yatirimlari

Market Cap: ₺14.3b

Through its subsidiaries, engages in the retail sale and distribution of electricity in Turkey.

RWE

Market Cap: zł25.8b

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

China Gas Holdings

Market Cap: €43.4b

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

Naturgy Energy Group

Market Cap: US$24.7b

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

Chubu Electric Power Company

Market Cap: €1.6t

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

PG&E

Market Cap: €33.7b

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.

Skandia GreenPower

Market Cap: €195.4m

Engages in the provision of electricity and energy-saving services in Norway.

Pennon Group

Market Cap: UK£2.2b

Provides water and wastewater services in the United Kingdom.

National Grid

Market Cap: US$51.5b

Engages in the transmission and distribution of electricity and gas.

Meridian Energy

Market Cap: €14.8b

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

New Jersey Resources

Market Cap: US$4.7b

An energy services holding company, distributes natural gas.

H2O America

Market Cap: €1.7b

Through its subsidiaries, provides water utility and other related services in the United States.

Southern

Market Cap: €101.5b

Through its subsidiaries, engages in the generation, transmission, and distribution of electricity.

VERBUND

Market Cap: €21.0b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

National Grid

Market Cap: US$51.5b

Engages in the transmission and distribution of electricity and gas.

Telecom Plus

Market Cap: UK£1.5b

Provides utility services in the United Kingdom.

BKW

Market Cap: €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.