Global Utilities Potentially Undervalued Companies

Mordovia Energy Retail Company

Market Cap: ₽437.1m

Mordovia Energy Retail Company Public Joint-Stock Company, an energy sales company, purchases and sells electricity in the wholesale and retail markets in Russia.

Rosseti Centre

Market Cap: ₽10.4b

Public Joint Stock Company Rosseti Centre operates as a power grid company in Russia.

REN - Redes Energéticas Nacionais SGPS

Market Cap: Mex$1.5b

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

Empresa Eléctrica de Magallanes

Market Cap: CL$70.2b

Engages in the generation, transmission, distribution, and supply of electricity in the Magallanes Region and Chilean Antarctica.

Acciona

Market Cap: US$9.9b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Innovative Energy Group

Market Cap: JA$1.4b

Engages in the provision of clean, sustainable and renewable energy solutions in Jamaica.

Genesis Energy

Market Cap: AU$2.7b

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

Viet Nam Power Development

Market Cap: ₫2.8t

Engages in the operation and management of hydropower plants.

Bajel Projects

Market Cap: ₹19.4b

Engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally.

Jiangxi Hongcheng EnvironmentLtd

Market Cap: CN¥12.4b

Produces and supplies tap water in China.

JiaXing Gas Group

Market Cap: HK$1.1b

Engages in the sale of piped natural gas (PNG) in Mainland China.

VERBUND

Market Cap: US$21.3b

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.

China Resources Power Holdings

Market Cap: HK$91.3b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Drax Group

Market Cap: US$2.8b

Engages in renewable power generation in the United Kingdom.

Reliance Infrastructure

Market Cap: ₹70.8b

An infrastructure company, generates, transmits, and distributes electrical power to residential, industrial, commercial, and other consumers in India.

PTC India

Market Cap: ₹45.7b

Engages in the trading and generating of power in India, Nepal, Bhutan, and Bangladesh.

Fluence

Market Cap: AU$114.2m

Provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide.

Jiangxi Hongcheng EnvironmentLtd

Market Cap: CN¥12.4b

Produces and supplies tap water in China.

De.mem

Market Cap: AU$33.9m

Designs, builds, owns, and operates modern water treatment systems for industrial, municipal, and residential sectors in Australia, Singapore, and Germany.

AGL Energy

Market Cap: AU$6.3b

Supplies energy and other essential services in Australia.

CECEP Solar EnergyLtd

Market Cap: CN¥17.6b

Provides solar power generation solutions in China, Europe, the Asia-Pacific, and internationally.

Senton EnergyLtd

Market Cap: CN¥7.4b

Engages in the procurement, transportation, and sale of LNG in the People’s Republic of China.

Bajel Projects

Market Cap: ₹19.4b

Engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally.

Fujian Funeng

Market Cap: CN¥27.6b

Produces and sells electricity and heat in China.

Gulf Development

Market Cap: ฿620.0b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

EF-ON

Market Cap: JP¥7.5b

Operates as an energy service company in Japan.

Hunan Chendian International Developmentco.ltd

Market Cap: CN¥3.6b

Engages in the production and supply of power and heat in China and internationally.

Hanjin Heavy Industries & Construction Holdings

Market Cap: ₩128.5b

Through its subsidiaries, engages in the shipbuilding, construction, engineering, energy, and leisure businesses in South Korea.

Datang International Power Generation

Market Cap: CN¥62.0b

Engages in power generation business in the People’s Republic of China.

J&V Energy Technology

Market Cap: NT$12.7b

Engages in the development, investment, maintenance, and management of renewable energy plants in Taiwan.

Vinacomin - Power Holding

Market Cap: ₫8.2t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Oceanic Wind Energy

Market Cap: US$4.8m

Operates as a renewable energy company in Canada.

China Everbright Water

Market Cap: S$715.2m

Engages in the water environment management business in Mainland China and Germany.

Union Gas Holdings

Market Cap: S$119.1m

An investment holding company, provides fuel products in Singapore and Indonesia.

Saudi Electricity

Market Cap: ر.س57.3b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 56.2b

Produces and supplies hydro, wind, and energy electricity in Romania.