Global Utilities Strong Balance Sheet Stocks

Dawood Lawrencepur

Market Cap: PK₨12.5b

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

Jy Gas

Market Cap: HK$160.6m

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

Veer Energy & Infrastructure

Market Cap: ₹256.2m

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

Great Taipei Gas

Market Cap: NT$15.7b

Supplies natural gas in Taiwan.

Tri-Star Power

Market Cap: PK₨83.3m

Generates, distributes, and supplies electricity in Pakistan.

Frendy Energy

Market Cap: €12.3m

Engages in the production of electricity through hydroelectric power plants in Italy.

Magnora

Market Cap: NOK 1.5b

Operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom.

Green Resources

Market Cap: ฿711.7m

Engages in the alternative energy businesses in Thailand.

S.N. Nuclearelectrica

Market Cap: RON 11.6b

Engages in the production and transmission of electricity and thermal energy in Romania.

Gujarat State Petronet

Market Cap: ₹181.4b

Gujarat State Petronet Limited transmits natural gas through pipeline on an open access basis from supply points to demand centers in India.

Aygaz

Market Cap: ₺27.9b

Aygaz A.S. purchases liquid petroleum gas (LPG) to retailers for distribution to customers in Turkey.

EC Bedzin

Market Cap: zł161.6m

Through its subsidiaries, engages in the production and sale of electricity and heat in Poland.

Oklo

Market Cap: US$3.9b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Ryazanenergosbyt

Market Cap: ₽3.2b

Joint-Stock Company Ryazanenergosbyt engages in the purchase and sale of electricity in the wholesale and retail markets in the Ryazan Region, Russia.

TNS energo Mari El

Market Cap: ₽2.0b

Public Joint-stock Company TNS energo Mari El supplies electricity in the Republic of Mari El.

Territorial Generating Company No. 1

Market Cap: ₽32.6b

Public Joint Stock Company ‘Territorial Generating Company’ No.1 produces electricity and heat in the North-West region of Russia.

Locality Planning Energy Holdings

Market Cap: AU$22.7m

Provides energy solutions throughout Queensland and Northern New South Wales.

PetroVietNam Low Pressure Gas Distribution

Market Cap: ₫2.8t

Engages in the distribution of natural gas to households and zones in Vietnam.

Song Ba

Market Cap: ₫1.8t

Invests in the construction of hydropower projects in Vietnam.

Westbridge Renewable Energy

Market Cap: CA$80.9m

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

Shaanxi Meineng Clean EnergyLtd

Market Cap: CN¥2.6b

Operates as a professional gas operating company in the People’s Republic of China.

Ninh Binh Thermal Power

Market Cap: ₫149.2b

Engages in the generation of electricity in Vietnam.

Zimmite Taiwan

Market Cap: NT$2.3b

Engages in the industrial water treatment activities in Taiwan and China.

Mega First Corporation Berhad

Market Cap: RM 3.8b

Engages in renewable energy, resources, and packaging businesses in Malaysia, Lao PDR, other ASEAN countries, Papua New Guinea, India, Bangladesh, Australia, New Zealand, and internationally.

Natural Gas Distribution

Market Cap: ر.س205.0m

Distributes natural gas through pipelines in Saudi Arabia.

Central Hydropower

Market Cap: ₫4.9t

Produces, transmits, and distributes electricity in Vietnam.

Chongqing Fuling Electric Power Industrial

Market Cap: CN¥14.8b

Chongqing Fuling Electric Power Industrial Co., Ltd.

Perusahaan Gas Negara

Market Cap: Rp38.9t

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

Thessaloniki Water Supply & Sewerage Co

Market Cap: €119.8m

Thessaloniki Water Supply & Sewerage Co S.A., doing business as EYATH S.A., provides water supply and sewerage services in Greece.

Ecogas Inversiones

Market Cap: AR$566.2b

Through its subsidiaries, engages in the distribution of natural gas to residential and commercial customers in Argentina.

Intexa

Market Cap: €2.6m

Engages in electricity generation business in Saint-André-de-Cubzac, France.

Shin Shin Natural Gas

Market Cap: NT$7.0b

Engages in the transmission of combustible natural gas by pipeline for non-industrial fuel supply in Taiwan.

Nam Mu Hydropower JSC

Market Cap: ₫609.0b

Produces and supplies electricity in Vietnam.

Eden Berhad

Market Cap: RM 75.8m

An investment holding company, operates as an independent power producer primarily in Malaysia.

Korea Electric Power Industrial Development

Market Cap: ₩355.0b

Korea Electric Power Industrial Development Co., Ltd.

Xinjiang Haoyuan Natural Gas

Market Cap: CN¥3.8b

Engages in the transmission, distribution, and sale of natural gas in China.