Global Utilities Potentially Undervalued Companies

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.

A2A

Market Cap: €6.7b

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

Rubis

Market Cap: €3.2b

Engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.

CEZ a. s

Market Cap: €677.5b

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

Electric Power Development

Market Cap: €530.8b

Operates as electric utility company in Japan.

RWE

Market Cap: Kč25.8b

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

Fortum Oyj

Market Cap: €13.8b

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.

Origin Energy

Market Cap: €21.6b

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.

Ayen Enerji

Market Cap: ₺8.5b

Engages in the production, distribution, and trading of electricity in Turkey and internationally.

Avista

Market Cap: €2.9b

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

Exelon

Market Cap: US$43.9b

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

SDIC Power Holdings

Market Cap: US$108.2b

Engages in the electricity generation business in China.

Hera

Market Cap: €5.4b

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

RWE

Market Cap: €25.8b

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Market Cap: US$1.1t

Engages in the distribution and sale of electricity in Argentina.

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.

AGL Energy

Market Cap: US$5.8b

Supplies energy and other essential services in Australia.

Equatorial

Market Cap: R$45.4b

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

Eneva

Market Cap: R$30.8b

Operates as an integrated power generation company in Brazil.

Companhia de Saneamento de Minas Gerais

Market Cap: R$12.5b

Plans, designs, performs, expands, remodels, manages, and provides water supply and sewage treatment services in Brazil and internationally.

Puncak Niaga Holdings Berhad

Market Cap: RM 93.9m

An investment holding company, provides integrated water, wastewater, and environmental solutions in Malaysia.

Manila Water Company

Market Cap: US$97.5b

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