Italian Utilities Potentially Undervalued Companies

Hera

Market Cap: €5.5b

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

Solaria Energía y Medio Ambiente

Market Cap: €2.2b

Generates solar photovoltaic energy.

AES

Market Cap: €10.6b

Operates as a power generation and utility company.

NRG Energy

Market Cap: €26.2b

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

Edison International

Market Cap: €30.3b

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

Constellation Energy

Market Cap: €92.1b

Produces and sells energy products and services in the United States.

Vistra

Market Cap: €48.2b

Operates as an integrated retail electricity and power generation company in the United States.

Naturgy Energy Group

Market Cap: €26.8b

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

A2A

Market Cap: €7.1b

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

Ascopiave

Market Cap: €588.7m

Engages in the distribution of natural gas in Italy.

ACEA

Market Cap: €4.5b

Operates as a multi-utility company in Italy.

PG&E

Market Cap: €39.0b

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.

Italgas

Market Cap: €9.2b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Alerion Clean Power

Market Cap: €1.1b

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

Eversource Energy

Market Cap: €28.1b

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

Atmos Energy

Market Cap: €29.7b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Public Service Enterprise Group

Market Cap: €38.7b

Through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States.

Fortum Oyj

Market Cap: €17.3b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Dominion Energy

Market Cap: €62.0b

Provides regulated electricity and natural gas services in the United States.

Endesa

Market Cap: €42.7b

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.

Iren

Market Cap: €3.3b

Operates as a multi-utility company in Italy.

Snam

Market Cap: €20.1b

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

RWE

Market Cap: €39.7b

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

EVN

Market Cap: €5.2b

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

Talen Energy

Market Cap: €15.1b

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

VERBUND

Market Cap: €19.9b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

Ecosuntek

Market Cap: €56.5m

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