Global Utilities Strong Balance Sheet Stocks

Kong Sun Holdings

Market Cap: HK$239.4m

An investment holding company, invests in, operates, and maintains solar power plants in the People’s Republic of China.

Fujian Funeng

Market Cap: CN¥26.4b

Engages in the production and sale of electricity and heat in China.

First Philippine Holdings

Market Cap: ₱33.3b

Engages in the power generation, real estate development, energy solutions, construction, and others business in the Philippines.

Kingfore Energy Group

Market Cap: CN¥2.3b

Manufactures and sells energy saving products in China.

ShinHsiung Natural Gas

Market Cap: NT$13.3b

Supplies natural gas in Taiwan.

Sichuan Energy Investment Development

Market Cap: HK$2.9b

A vertically integrated power supplier and service provider primarily in Mainland China.

Cholon Water Supply

Market Cap: ₫528.5b

Operates as a water supply company in Vietnam.

China International Holdings

Market Cap: S$2.8m

An investment holding company, engages in the water supply services and land development businesses in the People’s Republic of China.

GBB Power

Market Cap: ৳773.7m

Operates as an electricity generation company in Bangladesh.

Eco Wave Power Global

Market Cap: US$39.3m

A wave energy company, develops a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity.

Çan2 Termik

Market Cap: ₺11.3b

Operates a thermal power plant in Turkey.

Hallador Energy

Market Cap: US$680.7m

Through its subsidiaries, engages in the production of steam coal for the electric power generation industry in Indiana.

MVV Energie

Market Cap: €2.0b

Provides electricity, heat, gas, water, and waste treatment and disposal products primarily in Germany.

Mainova

Market Cap: €2.3b

Operates as an energy service provider in Germany.

Acinque

Market Cap: €402.6m

Operates as a multi-utility company in Italy.

Afluente Transmissão de Energia Elétrica

Market Cap: R$454.8m

Afluente Transmissão de Energia Elétrica S.A.

Compañía Eléctrica del Litoral

Market Cap: CL$28.4b

Engages in the distribution and sale of electricity in Chile.

Wigton Energy

Market Cap: JA$12.4b

Engages in the generation and sale of electricity from wind technology in Jamaica.

Territorial Generation Company No.2

Market Cap: ₽4.0b

Public Joint-Stock Company Territorial Generation Company No.2 engages in the production and sale of electricity and heat in the Northwestern and Central Federal districts of Russia.

Second Generating Company of the Electric Power Wholesale Market

Market Cap: ₽64.8b

Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market", together with its subsidiaries, generates and sells electricity and thermal energy in Russia.

Publichnoe Akcionernoe Obshestvo Kostromskaya Sbytovaya Compania

Market Cap: ₽521.4m

Publichnoe Akcionernoe Obshestvo "Kostromskaya Sbytovaya Compania" engages in the supply of electricity to consumers in Russia.

Kohinoor Energy

Market Cap: PK₨3.5b

Owns, operates, and maintains a power plant in Pakistan.

Zhejiang Xinzhonggang Thermal Power

Market Cap: CN¥3.9b

Zhejiang Xinzhonggang Thermal Power Co., LTD.

Petrovietnam Gas

Market Cap: ₫159.1t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Guangdong Investment

Market Cap: HK$43.6b

An investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses.

Janus Electric Holdings

Market Cap: AU$19.9m

Develops renewable and clean energy solutions in Australia.

Haiphong Electricity Water Machine Assembly

Market Cap: ₫553.1b

Supplies electricity to households.

Kenya Electricity Generating

Market Cap: KSh46.7b

Operates as an electric power generating company in Kenya.

Khulna Power

Market Cap: ৳4.1b

Operates as an independent power producer in Bangladesh.

VERBUND

Market Cap: €22.5b

Generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers.

Distribuzione Elettrica Adriatica

Market Cap: €59.4m

Engages in managing the electricity network in Central and Northern Italy.

Arise

Market Cap: SEK 1.4b

Operates in the renewable energy sector.

Tesgas

Market Cap: zł26.3m

Engages in the construction, renovation, and modernization of gas facilities in Poland.

Skandia GreenPower

Market Cap: NOK 209.3m

Engages in the provision of electricity and energy-saving services in Norway.

Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim

Market Cap: ₺69.7b

Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.

Montauk Renewables

Market Cap: US$323.3m

Montauk Raenewables, Inc., a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources.