U.S. Utilities Potentially Undervalued Companies

Engie Brasil Energia

Market Cap: US$39.5b

Engages in the generation, commercialization, trading, and transmission activities in Brazil.

Central Puerto

Market Cap: US$3.6t

Engages in the electric power generation activities in Argentina.

Origin Energy

Market Cap: US$19.1b

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.

Tenaga Nasional Berhad

Market Cap: US$84.1b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

AES

Market Cap: US$10.5b

Operates as a power generation and utility company.

Edison International

Market Cap: US$27.8b

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

Eversource Energy

Market Cap: US$25.7b

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

China Water Affairs Group

Market Cap: US$7.5b

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

ENN Energy Holdings

Market Cap: US$54.3b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.

Pampa Energía

Market Cap: US$7.1t

Operates as an integrated power company in Argentina.

NRG Energy

Market Cap: US$26.1b

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

Ørsted

Market Cap: US$206.5b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

ENN Energy Holdings

Market Cap: US$54.3b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.

AXIA Energia

Market Cap: US$143.9b

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

Enagás

Market Cap: US$4.6b

Engages in the transmission, storage, and regasification of natural gas.

Beijing Enterprises Water Group

Market Cap: US$24.9b

An investment holding company, provides water treatment services.

Companhia Paranaense de Energia - COPEL

Market Cap: US$43.1b

Engages in the research, study, planning, construction, production, transformation, transportation, distribution, and commercialization of electricity in Brazil.

Kunlun Energy

Market Cap: US$60.8b

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the Republic of Kazakhstan, the Sultanate of Oman, and the Kingdom of Thailand.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: US$97.7b

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

Interconexión Eléctrica E.S.P

Market Cap: US$33.0t

Engages in the electric power, roads, and ICT and telecommunications business activities.

AGL Energy

Market Cap: US$5.8b

Supplies energy and other essential services in Australia.

Perusahaan Gas Negara (Persero)

Market Cap: US$37.1t

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

Korea Electric Power

Market Cap: US$24.2t

Engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

Ørsted

Market Cap: US$206.5b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Light

Market Cap: US$976.1m

Engages in the generation, transmission, distribution, and sale of electric power in Brazil.

AGL Energy

Market Cap: US$5.8b

Supplies energy and other essential services in Australia.

CGN Power

Market Cap: US$208.2b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Datang International Power Generation

Market Cap: US$73.6b

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

China Resources Gas Group

Market Cap: US$39.3b

An investment holding company, engages in the sale of liquefied gas and connection of gas pipelines.

Manila Electric

Market Cap: US$647.0b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Clearway Energy

Market Cap: US$7.7b

Operates in the clean energy generation assets business in the United States.

Ferrellgas Partners

Market Cap: US$115.1m

Ferrellgas Partners, L.P. retail distribution of propane, related equipment and supplies.

Spruce Power Holding

Market Cap: US$52.9m

Owns and operates distributed solar energy assets in the United States.

Dominion Energy

Market Cap: US$58.7b

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

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.

Tianjin Development Holdings

Market Cap: US$2.8b

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