Global Utilities Potentially Undervalued Companies

Acciona

Market Cap: US$9.2b

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

Alerion Clean Power

Market Cap: €1.0b

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

Drax Group

Market Cap: US$2.3b

Engages in renewable power generation in the United Kingdom.

E.ON

Market Cap: €40.4b

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

China Water Affairs Group

Market Cap: €10.0b

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

Brookfield Infrastructure

Market Cap: €4.8b

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

Ferrellgas Partners

Market Cap: US$72.4m

Distributes and retails propane and related equipment and supplies.

Centrica

Market Cap: UK£7.8b

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

Origin Energy

Market Cap: US$21.3b

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.

ISA Energía Brasil

Market Cap: R$17.5b

ISA Energía Brasil S.A engages in the electric transmission business in Brazil.

TransAlta

Market Cap: CA$5.4b

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

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.

Luzhou Xinglu Water (Group)

Market Cap: €679.2m

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

RWE

Market Cap: €25.5b

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

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł852.3m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

China Resources Power Holdings

Market Cap: US$104.6b

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

Ratch Group

Market Cap: ฿56.5b

An energy and infrastructure company, engages in the generation and sale of electricity and steam in Thailand, Australia, Singapore, Indonesia, and internationally.

Pennon Group

Market Cap: €1.4b

Provides water and wastewater services in the United Kingdom.

Drax Group

Market Cap: Mex$2.5b

Engages in renewable power generation in the United Kingdom.

Enel Américas

Market Cap: CL$10.6t

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

Minera Valparaiso

Market Cap: CL$1.8t

An investment company, engages in the generation and sale of electric power.

Tianjin Development Holdings

Market Cap: US$2.9b

Through its subsidiaries, supplies water, heat, thermal power, and electricity to industrial, commercial, and residential customers in the People’s Republic of China.

Alerion Clean Power

Market Cap: €1.0b

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

Energía de Casablanca

Market Cap: CL$3.0b

Engages in the distribution of electricity in Chile.

Neoenergia

Market Cap: US$34.9b

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

Perusahaan Gas Negara

Market Cap: US$42.7t

Engages in the transmission and distribution of natural gas in Indonesia.

Caribbean Utilities Company

Market Cap: US$563.9m

Engages in the generation, transmission, and distribution of electricity in Grand Cayman.

Gas Natural del Oriente ESP

Market Cap: Col$163.1b

Gas Natural del Oriente S.A., ESP commercializes, transports, and distributes fuel gas in Colombia.

Luz del SurA

Market Cap: S/5.8b

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

Compania de Electricidad de Tulua E.S.P

Market Cap: Col$166.0b

Compania de Electricidad de Tulua S.A. E.S.P.

Barka Desalination Company SAOG

Market Cap: ر.ع10.0m

Owns, designs, develops, finances, constructs, operates, and maintains a reverse osmosis desalination plant at Barka in the Sultanate of Oman.

Tianjin Development Holdings

Market Cap: HK$2.9b

Through its subsidiaries, supplies water, heat, thermal power, and electricity to industrial, commercial, and residential customers in the People’s Republic of China.

PetroVietnam Power Nhon Trach 2

Market Cap: ₫6.5t

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

Petrovietnam Gas

Market Cap: ฿152.0t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Contact Energy

Market Cap: AU$9.1b

Generates and sells electricity and natural gas in New Zealand.

First Philippine Holdings

Market Cap: ₱32.2b

Engages in the power generation, real estate development, energy solutions, construction, and others business in the Philippines.