U.S. Utilities Potentially Undervalued Companies

Polaris Renewable Energy

Market Cap: US$255.4m

Engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean.

Engie Brasil Energia

Market Cap: US$38.1b

Engages in the generation, commercialization, trading, and transmission of electricity in Brazil.

China Longyuan Power Group

Market Cap: US$111.6b

Generates and sells wind, coal, and photovoltaic (PV) power in the Chinese Mainland, Canada, South Africa, and Ukraine.

AES

Market Cap: US$10.4b

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

China Water Affairs Group

Market Cap: US$8.8b

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

UGI

Market Cap: US$8.5b

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

Capital Power

Market Cap: US$9.3b

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

Edison International

Market Cap: US$23.7b

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

ENN Energy Holdings

Market Cap: US$75.4b

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

Enel

Market Cap: US$92.8b

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

Enel

Market Cap: US$92.8b

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

ATCO

Market Cap: US$6.6b

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

Endesa

Market Cap: US$32.3b

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.

Light

Market Cap: US$1.7b

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

Engie

Market Cap: US$59.9b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Westbridge Renewable Energy

Market Cap: US$50.1m

Engages in the acquisition and development of solar photovoltaic (PV) projects in Canada, the United States, the United Kingdom, and Italy.

Veolia Environnement

Market Cap: US$22.8b

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

Engie

Market Cap: US$59.9b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Korea Electric Power

Market Cap: US$38.8t

An integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

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.

Acciona

Market Cap: US$9.9b

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

Datang International Power Generation

Market Cap: US$69.8b

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

Origin Energy

Market Cap: US$20.1b

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.

Ferrellgas Partners

Market Cap: US$95.7m

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

Clearway Energy

Market Cap: US$7.2b

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

Tenaga Nasional Berhad

Market Cap: US$82.3b

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

Essential Utilities

Market Cap: US$11.1b

Through its subsidiaries, operates regulated utilities that provide water, wastewater, and natural gas services in the United States.

Portland General Electric

Market Cap: US$5.6b

An integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.

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.

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener

Market Cap: US$1.5t

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.

Perusahaan Gas Negara

Market Cap: US$54.8t

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

Caribbean Utilities Company

Market Cap: US$575.8m

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

Tokyo GasLtd

Market Cap: US$2.3t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Neoenergia

Market Cap: US$39.2b

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

Southern

Market Cap: US$97.1b

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