Global Utilities Potentially Undervalued Companies

China International Holdings

Market Cap: S$2.7m

An investment holding company, engages in the water supply services and land development businesses in the People’s Republic of China.

Hub Power

Market Cap: PK₨256.4b

Operates as an independent power producer in Pakistan.

Tohoku Electric Power Company

Market Cap: JP¥558.3b

Operates as an energy service conglomerate in Japan and internationally.

Genesis Energy

Market Cap: NZ$2.6b

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

Bestsun Energy

Market Cap: CN¥3.8b

Engages in the city gas business.

Sembcorp Salalah Power & Water Company SAOG

Market Cap: ر.ع173.7m

Develops, owns, and operates an electricity generation and seawater desalination plant in the Salalah region.

Barka Water and Power Company SAOG

Market Cap: ر.ع27.8m

Owns, designs, develops, constructs, finances, operates, maintains, and insures power generating stations, water desalination plants, associated gas interconnection facilities, and other related infrastructure facilities in the Sultanate of Oman.

PTC India

Market Cap: ₹51.6b

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

Clover Power

Market Cap: ฿25.6m

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

Veolia Environnement

Market Cap: Mex$20.5b

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

Cholon Water Supply

Market Cap: ₫653.9b

Operates as a water supply company in Vietnam.

Tohoku Electric Power Company

Market Cap: €558.3b

Operates as an energy service conglomerate in Japan and internationally.

AS Infortar

Market Cap: €897.5m

Together with its subsidiaries operates in the maritime transportation, energy, and real estate sectors in Estonia, Finland, Lithuania, Latvia, rest of European Union, and internationally.

Edison International

Market Cap: US$21.4b

Through its subsidiaries, engages in the generation and distribution of electric power.

Kenon Holdings

Market Cap: €7.5b

Through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel and the United States.

Datang International Power Generation

Market Cap: €61.3b

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

GAIL (India)

Market Cap: US$1.2t

Operates as a natural gas processing and distribution company in India and internationally.

De.mem

Market Cap: €32.3m

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

Capital Power

Market Cap: US$9.5b

Develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States.

China Gas Holdings

Market Cap: €42.7b

An investment holding company, operates as an energy supplier and service provider in the People’s Republic of China.

eREXLtd

Market Cap: €57.0b

Engages in the generation and supply of power in Japan.

Duxton Water

Market Cap: €233.3m

Provides water supply solutions to Australian irrigators.

Hallador Energy

Market Cap: US$801.3m

Through its subsidiaries, engages in the production of steam coal for the electric power generation industry in Indiana.

Consolidated Edison

Market Cap: US$34.8b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

ReVolve Renewable Power

Market Cap: €13.6m

Owns, operates, and develops of renewable energy electricity generation projects in the United States, Mexico, and Canada.

Mon Courtier Energie Groupe

Market Cap: €20.9m

Operates energy brokerage network in France.

Consolidated Edison

Market Cap: US$34.8b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Ørsted

Market Cap: DKK 44.1b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Hong Kong and China Gas

Market Cap: US$130.4b

Produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China.

MPC Energy Solutions

Market Cap: €196.7m

An independent power producer, develops, builds, owns, and operates renewable energy assets in Latin America and the Caribbean.

Centrica

Market Cap: €7.8b

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

ACEA

Market Cap: €4.1b

Operates as a multi-utility company in Italy.

ATCO

Market Cap: €5.4b

Engages in the energy, logistics and transportation, shelter, and real estate services in Canada, Australia, and internationally.

Acciona

Market Cap: €9.2b

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

UGI

Market Cap: €7.1b

Engages in the distribution, storage, transportation, and marketing of energy products and related services in the United States and internationally.

Brookfield Infrastructure

Market Cap: US$4.8b

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