Global Utilities Strong Balance Sheet Stocks

China International Holdings

Market Cap: S$2.3m

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

Sichuan Energy Investment Development

Market Cap: HK$2.9b

A vertically integrated power supplier and service provider, generates, distributes, and sells electricity primarily in Mainland China.

Kong Sun Holdings

Market Cap: HK$224.5m

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

Kingfore Energy Group

Market Cap: CN¥2.0b

Manufactures and sells energy saving products in China.

Çan2 Termik

Market Cap: ₺11.3b

Operates a thermal power plant in Turkey.

ShinHsiung Natural Gas

Market Cap: NT$12.8b

Supplies natural gas in Taiwan.

Thac Mo Hydro Power

Market Cap: ₫4.7t

Generates and supplies hydro power in Vietnam.

GBB Power

Market Cap: ৳753.3m

Operates as an electricity generation company in Bangladesh.

First Philippine Holdings

Market Cap: ₱27.8b

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

Positron Energy

Market Cap: ₹2.8b

Engages in the distribution and sale of coal bed methane/natural gas, and other allied services and activities in India and internationally.

Shizuoka Gas

Market Cap: JP¥81.4b

Produces, supplies, and sells city gas in Japan.

Acinque

Market Cap: €414.4m

Operates as a multi-utility company in Italy.

Fujian Funeng

Market Cap: CN¥27.2b

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

MVV Energie

Market Cap: €2.0b

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

ENN Natural GasLtd

Market Cap: CN¥59.6b

Engages in natural gas distribution, trading, storage, transportation, production, and engineering in China.

Eco Wave Power Global

Market Cap: US$38.0m

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

Mainova

Market Cap: €2.3b

Operates as an energy service provider in Germany.

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.

Lechwerke

Market Cap: €2.6b

Operates as an energy supplier in Germany.

Montauk Renewables

Market Cap: US$327.6m

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

Enel Generacion Piura

Market Cap: S/1.5b

An energy company, engages in the production and sale of electricity in Peru.

GreenTech Environmental

Market Cap: CN¥2.0b

Engages in the water treatment and waste-to-resources projects in the People’s Republic of China.

Haiphong Electricity Water Machine Assembly

Market Cap: ₫553.9b

Supplies electricity to households.

Zhejiang Xinzhonggang Thermal Power

Market Cap: CN¥3.1b

Zhejiang Xinzhonggang Thermal Power Co., LTD.

Gujarat Gas

Market Cap: ₹326.1b

Engages in the distribution of natural gas in India.

Kenya Electricity Generating

Market Cap: KSh32.2b

Operates as an electric power generating company in Kenya.

Guangdong Investment

Market Cap: HK$40.5b

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.

Tesgas

Market Cap: zł27.8m

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

Distribuzione Elettrica Adriatica

Market Cap: €60.2m

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

Arise

Market Cap: SEK 1.4b

Operates in the renewable energy sector.

Reliance Infrastructure

Market Cap: ₹107.5b

An infrastructure company, generates, transmits, and distributes electrical power to residential, industrial, commercial, and other consumers in India.

Khulna Power

Market Cap: ৳4.0b

Operates as an independent power producer in Bangladesh.

Petrovietnam Gas

Market Cap: ₫145.2t

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

Pampa Energía

Market Cap: AR$5.3t

Operates as an integrated power company in Argentina.