Italian Utilities Potentially Undervalued Companies

Alerion Clean Power

Market Cap: €958.2m

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

AES

Market Cap: €10.1b

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

EVN

Market Cap: €5.0b

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

Edison International

Market Cap: €23.2b

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

Hera

Market Cap: €6.0b

A multi-utility company, engages in the waste management, water services, and energy businesses in Italy.

Eversource Energy

Market Cap: €26.8b

A public utility holding company, engages in the energy delivery business.

Enel

Market Cap: €91.0b

Operates as an integrated operator in electricity and gas industries worldwide.

Naturgy Energy Group

Market Cap: €24.9b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Endesa

Market Cap: €31.7b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Acciona

Market Cap: €9.9b

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

PG&E

Market Cap: €33.3b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

BKW

Market Cap: €8.3b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Ecosuntek

Market Cap: €40.8m

Engages in the photovoltaic electricity generation activities in Italy and internationally.

Exelon

Market Cap: €45.5b

A utility services holding company, engages in the energy distribution and transmission businesses.

E.ON

Market Cap: €44.4b

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

Uniper

Market Cap: €14.3b

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

Solaria Energía y Medio Ambiente

Market Cap: €2.1b

Generates solar photovoltaic energy.

Fortum Oyj

Market Cap: €17.5b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

NRG Energy

Market Cap: €28.9b

Operates as an energy and home services company in the United States and Canada.

Snam

Market Cap: €19.1b

Engages in the operation of natural gas transport and storage infrastructure.

A2A

Market Cap: €7.7b

Engages in the production, sale, and distribution of gas and electricity, and district heating in Italy and internationally.

Iren

Market Cap: €3.4b

Operates as a multi-utility company in Italy.

RWE

Market Cap: €36.5b

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

eVISO

Market Cap: €184.9m

Supplies electricity and gas in Italy and Europe.

Talen Energy

Market Cap: €17.1b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Iniziative Bresciane

Market Cap: €64.8m

Engages in the design, construction, and management of medium and small-sized hydroelectric plants in Italy.