Global Utilities Strong Balance Sheet Stocks

Hunan Development Group

Market Cap: CN¥6.4b

Engages in the investment, development, construction, operation, and management of hydropower generation in China.

ENN Natural GasLtd

Market Cap: CN¥62.6b

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

Shizuoka Gas

Market Cap: JP¥87.7b

Produces, supplies, and sells city gas in Japan.

Minera Valparaiso

Market Cap: CL$1.7t

An investment company, engages in the generation and sale of electric power.

Mainova

Market Cap: €2.3b

Operates as an energy service provider in Germany.

Wigton Energy

Market Cap: JA$13.6b

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

Sitara Energy

Market Cap: PK₨419.8m

Engages in the generation, distribution, and sale of electricity and steam in Pakistan.

Omnicane

Market Cap: MU₨1.2b

Generates electricity in Mauritius, Kenya, and Rwanda.

Hallador Energy

Market Cap: US$891.4m

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

Afluente Transmissão de Energia Elétrica

Market Cap: R$492.1m

Afluente Transmissão de Energia Elétrica S.A.

Cholon Water Supply

Market Cap: ₫559.0b

Operates as a water supply company in Vietnam.

Eco Wave Power Global

Market Cap: US$45.5m

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

Compañía Eléctrica del Litoral

Market Cap: CL$28.4b

Engages in the distribution and sale of electricity in Chile.

Sembcorp Salalah Power & Water Company SAOG

Market Cap: ر.ع179.5m

Develops, owns, and operates an electricity generation and seawater desalination plant in the Salalah region.

Thac Mo Hydro Power

Market Cap: ₫4.2t

Generates and supplies hydro power in Vietnam.

Fujian Funeng

Market Cap: CN¥29.1b

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

China International Holdings

Market Cap: S$3.3m

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

Hub Power

Market Cap: PK₨277.5b

Engages in the development, ownership, operation, and maintenance of power stations in Pakistan.

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.

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.

Heilongjiang Interchina Water TreatmentLtd

Market Cap: CN¥4.7b

Engages in the construction and operation of water treatment, environmental protection projects, energy saving and clean energy transformation and other related project and other related projects in China.

Nha Be Water Supply

Market Cap: ₫376.1b

Manufactures, develops, and trades in water supply systems in Vietnam.

Distribuzione Elettrica Adriatica

Market Cap: €63.3m

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

Skandia GreenPower

Market Cap: NOK 191.8m

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

Wise Energy

Market Cap: zł30.0m

Engages in the sale of electricity in Poland.

Janus Electric Holdings

Market Cap: AU$19.9m

Develops renewable and clean energy solutions in Australia.

Otter Tail

Market Cap: US$3.5b

Engages in electric utility, manufacturing, and plastic pipe businesses in the United States.

Haiphong Electricity Water Machine Assembly

Market Cap: ₫496.7b

Supplies electricity to households.

Kenya Electricity Generating

Market Cap: KSh68.6b

Operates as an electric power generating company in Kenya.

Asiatic Group (Holdings)

Market Cap: S$12.9m

An investment holding company, provides energy services and fire protection solutions in Singapore, Cambodia, and internationally.

VERBUND

Market Cap: €22.4b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Shandong Shengli

Market Cap: CN¥4.9b

Engages in the natural gas, plastic pipeline, and other industrial businesses in China.

Khulna Power

Market Cap: ৳3.8b

Operates as an independent power producer in Bangladesh.

Thu Dau Mot Water

Market Cap: ₫6.3t

Engages in exploiting, processing, and providing clean water.

Territorial Generation Company No. 14

Market Cap: ₽3.4b

Public Joint Stock Company Territorial Generation Company No.

Federal Grid Company of Unified Energy System

Market Cap: ₽113.0b

Public Joint-Stock Company Federal Grid Company of Unified Energy System develops, operates, and manages the Unified National Electric Grid in Russia.