Global Utilities Potentially Undervalued Companies

WHA Utilities and Power

Market Cap: ฿12.7b

Provides utilities and water solutions in Thailand and internationally.

Admie Holding

Market Cap: US$686.1m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

Engie

Market Cap: €43.3b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Power and Water Utility Company for Jubail and Yanbu

Market Cap: ر.س11.4b

Engages in the operation, maintenance, construction, and management of power and water systems to governmental, industrial, commercial, and residential customers.

Enel Américas

Market Cap: US$9.8t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Federal Grid Company of Unified Energy System

Market Cap: ₽113.0b

Public Joint-Stock Company Federal Grid Company of Unified Energy System develops, operates, and manages the Unified National Electric Grid in Russia.

China Power International Development

Market Cap: HK$37.2b

An investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China and internationally.

CGN Power

Market Cap: CN¥175.7b

Generates and sells nuclear power in the People’s Republic of China.

China Power International Development

Market Cap: HK$37.2b

An investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China and internationally.

China Water Affairs Group

Market Cap: HK$9.5b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

China Longyuan Power Group

Market Cap: HK$110.2b

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

WHA Utilities and Power

Market Cap: ฿12.7b

Provides utilities and water solutions in Thailand and internationally.

Huaneng Power International

Market Cap: CN¥106.8b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Pampa Energía

Market Cap: US$4.8t

Operates as an integrated power company in Argentina.

naturenergie holding

Market Cap: CHF 1.1b

Through its subsidiaries, engages in the production, distribution, and sale of electricity under the naturenergie brand in Switzerland and internationally.

TTW

Market Cap: €35.1b

Engages in the production and sale of treated water in Thailand.

Brookfield Infrastructure Partners

Market Cap: CA$13.6b

Engages in the utilities, transport, midstream, and data businesses.

Centrais Elétricas Brasileiras - Eletrobrás

Market Cap: US$78.5b

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

Korea Electric Power

Market Cap: €16.5t

An integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

CLP Holdings

Market Cap: US$168.1b

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

Drax Group

Market Cap: UK£2.1b

Engages in renewable power generation in the United Kingdom.

Alerion Clean Power

Market Cap: €851.3m

Engages in electricity production from wind and solar power in Italy, Spain, Bulgaria, and Romania.

ENN Energy Holdings

Market Cap: €68.3b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.

Pampa Energía

Market Cap: €4.8t

Operates as an integrated power company in Argentina.

SSE

Market Cap: UK£18.1b

Engages in the generation, transmission, distribution, and supply of electricity.

Greencoat Renewables

Market Cap: €837.4m

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

Drax Group

Market Cap: €2.1b

Engages in renewable power generation in the United Kingdom.

Jiaze Renewables

Market Cap: CN¥9.0b

Engages in the development, construction, sale, operation, and maintenance of new energy projects.

Zhejiang Zheneng Electric Power

Market Cap: CN¥71.3b

Zhejiang Zheneng Electric Power Co., Ltd.

Korea Electric Power

Market Cap: ₩16.5t

An integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

Huaneng Power International

Market Cap: €107.2b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Northland Power

Market Cap: CA$5.0b

Operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally.

AES

Market Cap: R$7.4b

Operates as a power generation and utility company in the United States and internationally.

Kunlun Energy

Market Cap: HK$65.0b

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas.

Banpu Power

Market Cap: ฿20.9b

Engages in the generation and distribution of thermal and renewable power in Thailand, Laos, China, Japan, Vietnam, Indonesia, Australia, and the United States.

Enefit Green

Market Cap: €889.3m

Engages in the production of renewable energy.