U.S. Utilities Potentially Undervalued Companies

China Resources Gas Group

Market Cap: US$44.1b

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

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.

Kyushu Electric Power Company

Market Cap: US$637.2b

Engages in the power generation, transmission, distribution, and retail in Japan and internationally.

Perusahaan Gas Negara

Market Cap: US$40.4t

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

UGI

Market Cap: US$7.5b

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.

Caribbean Utilities Company

Market Cap: US$560.1m

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

Carnegie Clean Energy

Market Cap: US$21.2m

Engages in the development of the CETO Wave Energy Technology, a submerged point absorber type wave energy converter which converts ocean waves into zero-emission electricity internationally.

Hong Kong and China Gas

Market Cap: US$130.6b

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

Capital Power

Market Cap: US$8.8b

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

Drax Group

Market Cap: US$2.4b

Engages in renewable power generation in the United Kingdom.

Neoenergia

Market Cap: US$32.9b

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

China Gas Holdings

Market Cap: US$42.4b

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

China Resources Gas Group

Market Cap: US$44.9b

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

Admie Holding

Market Cap: US$755.6m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

naturenergie holding

Market Cap: US$1.1b

Through its subsidiaries, engages in the production, distribution, and sale of electricity under the naturenergie brand in Switzerland and internationally.

TTW

Market Cap: US$34.5b

Engages in the production and sale of treated water in Thailand.

E.ON

Market Cap: US$41.0b

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

AltaGas

Market Cap: US$12.1b

Operates as an energy infrastructure company in North America.

CLP Holdings

Market Cap: US$166.7b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

YTL Corporation Berhad

Market Cap: US$30.4b

Operates as an integrated infrastructure developer.

Tenaga Nasional Berhad

Market Cap: US$78.6b

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

Fluence

Market Cap: US$73.8m

Provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide.

Origin Energy

Market Cap: US$22.2b

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.

ReVolve Renewable Power

Market Cap: US$15.6m

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

Beijing Enterprises Water Group

Market Cap: US$23.4b

An investment holding company, provides water treatment services.

Huadian Power International

Market Cap: US$58.7b

Engages in the generation and sale of electricity, heat, and coal to power grid companies in the People’s Republic of China.

Towngas Smart Energy

Market Cap: US$15.3b

An investment holding company, sells piped gas, renewable energy, and other types of energy in the People’s Republic of China.

Aivita Group

Market Cap: US$1.2m

Owns, operates, and distributes on-site energy systems in the United Kingdom and Europe.

Rubis

Market Cap: US$2.9b

Engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.

ATCO

Market Cap: US$5.6b

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

Kenon Holdings

Market Cap: US$7.8b

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

Spire

Market Cap: US$4.5b

Engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States.

China Gas Holdings

Market Cap: US$42.4b

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

China Longyuan Power Group

Market Cap: US$114.0b

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

EVN

Market Cap: US$3.3b

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