Global Utilities Strong Balance Sheet Stocks

Shizuoka Gas

Market Cap: JP¥84.8b

Produces, supplies, and sells city gas in Japan.

Wigton Energy

Market Cap: JA$13.4b

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

Kingfore Energy Group

Market Cap: CN¥2.5b

Manufactures and sells energy saving products in China.

Cholon Water Supply

Market Cap: ₫653.9b

Operates as a water supply company in Vietnam.

PetroVietnam Power Nhon Trach 2

Market Cap: ₫6.5t

Engages in the production, transmission, and distribution of electricity in Vietnam.

Thac Mo Hydro Power

Market Cap: ₫4.3t

Generates and supplies hydro power in Vietnam.

Kong Sun Holdings

Market Cap: HK$269.4m

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

Harbin Hatou InvestmentLtd

Market Cap: CN¥15.1b

Produces and supplies heat and thermal power in the People’s Republic of China.

Rojana Industrial Park

Market Cap: ฿10.0b

Engages in the manufacture and sale of electricity from solar cell system in Thailand.

IRM Energy

Market Cap: ₹15.5b

A city gas distribution company, engages in the laying, building, operating, and expanding of city and local natural gas distribution networks in India.

ShinHsiung Natural Gas

Market Cap: NT$12.9b

Supplies natural gas in Taiwan.

Hunan Development Group

Market Cap: CN¥5.8b

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

Fujian Funeng

Market Cap: CN¥26.9b

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

ENN Natural GasLtd

Market Cap: CN¥55.8b

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

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.

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.

Khulna Power

Market Cap: ৳4.4b

Operates as an independent power producer in Bangladesh.

Nha Be Water Supply

Market Cap: ₫381.5b

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

Lechwerke

Market Cap: €2.5b

Operates as an energy supplier in Germany.

Arise

Market Cap: SEK 1.3b

Operates in the renewable energy sector.

Fortum Oyj

Market Cap: €13.8b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Skandia GreenPower

Market Cap: NOK 208.1m

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

Distribuzione Elettrica Adriatica

Market Cap: €62.1m

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

Toplofikatsia-Ruse AD

Market Cap: лв221.1m

Produces and sells electricity and thermal energy in Bulgaria.

Shandong Shengli

Market Cap: CN¥3.2b

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

Asiatic Group (Holdings)

Market Cap: S$9.7m

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

Haiphong Electricity Water Machine Assembly

Market Cap: ₫618.1b

Supplies electricity to households.

Petrovietnam Gas

Market Cap: ₫152.0t

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

Earth Tech Environment

Market Cap: ฿1.6b

Engages in the generation and distribution of electricity from industrial waste in Thailand.

Mahanagar Gas

Market Cap: ₹132.5b

Operates as a natural gas distribution company in India.

Kenya Electricity Generating

Market Cap: KSh61.3b

Operates as an electric power generating company in Kenya.

Kohinoor Energy

Market Cap: PK₨3.4b

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

Kurgan Generation

Market Cap: ₽4.6b

Public Joint Stock Company Kurgan Generation Company produces electricity and heat in Russia.

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.