Global Utilities Potentially Undervalued Companies

Oceanic Wind Energy

Market Cap: US$6.5m

Operates as a renewable energy company in Canada.

China Resources Power Holdings

Market Cap: US$94.7b

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

De.mem

Market Cap: AU$30.8m

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

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł849.3m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

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.

American Electric Power Company

Market Cap: US$58.3b

An electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States.

Acciona

Market Cap: €9.1b

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

Centrais Elétricas Brasileiras - Eletrobrás

Market Cap: €108.1b

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

Clover Power

Market Cap: ฿25.6m

Engages in the generation and sale of electricity in Thailand, Australia, and Vietnam.

Brookfield Infrastructure

Market Cap: €4.8b

Owns and operates utility investments in Brazil, the United Kingdom, and internationally.

CGN Power

Market Cap: US$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.

China Water Affairs Group

Market Cap: €9.9b

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

TTW

Market Cap: €36.1b

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

EVN

Market Cap: €4.1b

Provides energy and environmental services in Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania.

naturenergie holding

Market Cap: €1.1b

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

Veolia Environnement

Market Cap: €20.6b

Designs and provides water, waste, and energy management solutions.

Origin Energy

Market Cap: US$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.

Polaris Renewable Energy

Market Cap: US$284.2m

Engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean.

Ferrellgas Partners

Market Cap: US$71.6m

Distributes and retails propane and related equipment and supplies.

Centrica

Market Cap: UK£7.6b

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

Drax Group

Market Cap: US$2.4b

Engages in renewable power generation in the United Kingdom.

Alerion Clean Power

Market Cap: €1.1b

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

E.ON

Market Cap: €40.9b

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

Neoenergia

Market Cap: €34.7b

Generates, transmits, distributes, trades in, and commercializes electric energy in Brazil.

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.

Enel Américas

Market Cap: Col$10.9t

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

Luzhou Xinglu Water (Group)

Market Cap: €662.0m

Operates as an integrated municipal water service provider in the People’s Republic of China.

TransAlta

Market Cap: CA$5.3b

Engages in the development, production, and sale of electric energy.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$86.5b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

REN - Redes Energéticas Nacionais SGPS

Market Cap: €2.0b

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

Datang International Power Generation

Market Cap: US$63.1b

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

Huaneng Power International

Market Cap: HK$118.7b

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

Duxton Water

Market Cap: AU$233.3m

Provides water supply solutions to Australian irrigators.

AGL Energy

Market Cap: AU$5.8b

Supplies energy and other essential services in Australia.

Acciona

Market Cap: US$9.1b

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

Nuoc Trong Hydro - Power

Market Cap: ₫594.1b

Engages in the production, transmission, and distribution of hydro-electricity in Vietnam.