Global Utilities Strong Balance Sheet Stocks

Aivita Group

Market Cap: US$1.2m

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

K&O Energy Group

Market Cap: JP¥83.9b

Engages in the development, production, supply, and sale of natural gas and iodine in Japan.

Kohinoor Power

Market Cap: PK₨163.9m

Engages in the generation and sale of electric power in Pakistan.

Charisma Energy Services

Market Cap: S$19.9m

An investment holding company, engages in the generation and sale of energy and power generation services in Singapore and Sri Lanka.

Hangzhou Cogeneration Group

Market Cap: CN¥9.1b

Engages in the production of thermoelectricity in China.

SPCG

Market Cap: ฿9.0b

Produces and distributes electricity from solar energy in Thailand and internationally.

National Gas and Industrialization

Market Cap: ر.س5.3b

Engages in exploits, manufactures, and markets various kinds of gas and its derivatives, and industrial gases in the Kingdom of Saudi Arabia and internationally.

Indraprastha Gas

Market Cap: ₹301.8b

Distributes and sells natural gas in India.

Hydro Power - Power No. 3

Market Cap: ₫506.4b

Hydro Power Joint Stock Company - Power No.

Umeme

Market Cap: USh657.7b

Engages in the distribution and supply of electricity in Uganda.

ZE PAK

Market Cap: zł1.3b

Produces and sells electricity and heat in Poland.

Nordic Financials

Market Cap: NOK 40.7m

Does not have significant operations.

Central Costanera

Market Cap: AR$236.9b

Generates, produces, transports, distributes, and commercializes of electrical energy and its marketing in bulk from conventional sources in Argentina.

E4U

Market Cap: Kč837.1m

Invests in and operates plants that generate energy from renewable sources in the Czech Republic.

Copperbelt Energy

Market Cap: K41.9b

Engages in the generation, distribution, transmission, sale, and trade of electricity to mining customers in Zambia and the Democratic Republic of Congo (DRC).

Distribuidora de Gas del Centro

Market Cap: AR$206.2b

Distributes natural gas in the provinces of Córdoba, Catamarca, and La Rioja, Argentina.

Maxim Power

Market Cap: CA$287.7m

An independent power producer, develops, owns, and operates power and power related projects in Canada.

Park Elektrik Üretim Madencilik Sanayi ve Ticaret

Market Cap: ₺3.2b

Through its subsidiary, Konya Ilgin Elektrik Üretim Sanayi ve Ticaret A.S., generates and sells electricity in Turkey.

eVISO

Market Cap: €196.2m

Develops an artificial intelligence platform for the commodities market in Italy.

Shougang Generación EléctricaA

Market Cap: S/29.2m

Engages in the generation, transmission, and distribution of electrical energy in Peru.

Etrion

Market Cap: US$100.2k

Does not have significant operations.

Tianjin Jinran Public Utilities

Market Cap: HK$410.2m

Engages in the sale of piped natural gas in Mainland China.

Nishat Chunian Power

Market Cap: PK₨10.4b

Nishat Chunian Power Limited builds, owns, operates, and maintains a fuel fired power station in Pakistan.

Jy Gas

Market Cap: HK$290.4m

An investment holding company, engages in the sale of natural gas in the People’s Republic of China.

China Renewable Energy Investment

Market Cap: HK$370.9m

An investment holding company, engages in the renewable energy business in the People’s Republic of China and Hong Kong.

Ningbo Shimao EnergyLtd

Market Cap: CN¥4.3b

Operates in the heat and power industry.

Cikarang Listrindo

Market Cap: Rp11.2t

Operates power generating facilities in Indonesia.

Green Resources

Market Cap: ฿687.1m

Engages in the alternative energy businesses in Thailand.

Tri-Star Power

Market Cap: PK₨168.9m

Generates, distributes, and supplies electricity in Pakistan.

Dawood Lawrencepur

Market Cap: PK₨18.2b

Through its subsidiaries, engages in the trading and marketing of renewable energy solutions to commercial and industrial consumers in Pakistan.

Tonking New Energy Group Holdings

Market Cap: HK$197.5m

An investment holding company, engages in the renewable energy business in the People’s Republic of China.

Veer Energy & Infrastructure

Market Cap: ₹247.9m

Engages in the development, construction, implementation, and operation of renewable energy and other infrastructure projects in India.

Xinda Investment Holdings

Market Cap: HK$155.9m

Owns and operates solar power plants and public infrastructure construction business in the People’s Republic of China.

Jiangxi Bestoo EnergyLtd

Market Cap: CN¥5.6b

Provides centralized heating services for industrial parks and downstream industrial customers in China.

SPC Power

Market Cap: ₱11.8b

Generates, distributes, and sells electricity in the Philippines.

Foran Energy Group

Market Cap: CN¥14.6b

Foran Energy Group Co., Ltd. transports and sells natural gas in China.