Utilities companies by risk reading
Utilities companies by risk reading: 232 companies ranked by a composite risk reading built from filed statements -- leverage, cash conversion, operating pressure, customer and supplier concentration and competitive position. Recomputed 1 September 2026.
Composite readings for 8,308 companies, recomputed 1 September 2026. A company appears here once at least three weighted categories cleared their inputs; the rest carry per-mechanism readings without a headline.
| Company | Reading | Band | Sector | Country | Coverage | Market cap |
|---|---|---|---|---|---|---|
| NextEra Energy Inc NEE | 39 | Normal | Utilities | United States | 5 / 6 | $171.8B |
| Iberdrola S.A. IBE | 40 | Elevated | Utilities | Spain | 3 / 6 | $150.8B |
| Enel SpA ENL | 49 | Elevated | Utilities | Italy | 4 / 6 | $108.7B |
| Southern Company SO | 47 | Elevated | Utilities | United States | 5 / 6 | $101.2B |
| Constellation Energy Corporation CEG | 47 | Elevated | Utilities | United States | 5 / 6 | $97.5B |
| Duke Energy Corp DUK | 46 | Elevated | Utilities | United States | 5 / 6 | $93.5B |
| National Grid PLC NNGF | 51 | Elevated | Utilities | United Kingdom | 5 / 6 | $79.8B |
| National Grid Plc NGG | 49 | Elevated | Utilities | United Kingdom | 5 / 6 | $78.8B |
| Engie S.A. ENGI | 63 | Stretched | Utilities | France | 5 / 6 | $72.2B |
| American Electric Power Company Inc AEP | 43 | Elevated | Utilities | United States | 5 / 6 | $66.6B |
| Dominion Energy Inc D | 41 | Elevated | Utilities | United States | 5 / 6 | $58.1B |
| Sempra SRE | 48 | Elevated | Utilities | United States | 5 / 6 | $53.4B |
| Entergy Corp ETR | 50 | Elevated | Utilities | United States | 5 / 6 | $49.6B |
| Xcel Energy Inc XEL | 55 | Elevated | Utilities | United States | 5 / 6 | $47.3B |
| Vistra Corp VST | 56 | Elevated | Utilities | United States | 4 / 6 | $46.2B |
| Exelon Corp EXC | 47 | Elevated | Utilities | United States | 5 / 6 | $45.1B |
| SSE PLC SSE | 53 | Elevated | Utilities | United Kingdom | 5 / 6 | $40.0B |
| Public Service Enterprise Group Inc PEG | 43 | Elevated | Utilities | United States | 5 / 6 | $36.5B |
| Consolidated Edison Inc ED | 51 | Elevated | Utilities | United States | 5 / 6 | $36.0B |
| WEC Energy Group Inc WEC | 54 | Elevated | Utilities | United States | 4 / 6 | $34.6B |
| Naturgy Energy Group SA NTGY | 53 | Elevated | Utilities | Spain | 5 / 6 | $31.6B |
| NATURGY ENERGY ADR1/5/E01 GANA | 54 | Elevated | Utilities | Spain | 5 / 6 | $30.1B |
| Ameren Corp AEE | 47 | Elevated | Utilities | United States | 5 / 6 | $29.3B |
| PG&E Corp PCG | 49 | Elevated | Utilities | United States | 5 / 6 | $29.2B |
| DTE Energy Company DTE | 61 | Stretched | Utilities | United States | 5 / 6 | $28.2B |
| Fortis Inc FTS | 47 | Elevated | Utilities | Canada | 5 / 6 | $28.2B |
| Atmos Energy Corp ATO | 39 | Normal | Utilities | United States | 5 / 6 | $28.1B |
| Orsted A/S D2G | 71 | Stretched | Utilities | Denmark | 3 / 6 | $27.5B |
| American Water Works Co. Inc AWK | 33 | Normal | Utilities | United States | 5 / 6 | $27.5B |
| Firstenergy Corp FE | 48 | Elevated | Utilities | United States | 5 / 6 | $26.5B |
| Eversource Energy ES | 48 | Elevated | Utilities | United States | 5 / 6 | $26.4B |
| Centerpoint Energy Inc CNP | 55 | Elevated | Utilities | United States | 4 / 6 | $26.1B |
| PPL Corp PPL | 45 | Elevated | Utilities | United States | 5 / 6 | $25.7B |
| CLP Holdings Limited CLP | 32 | Normal | Utilities | Hong Kong | 3 / 6 | $25.2B |
| VERBUND AG OEWA | 48 | Elevated | Utilities | Austria | 3 / 6 | $24.0B |
| NRG Energy Inc NRG | 60 | Stretched | Utilities | United States | 5 / 6 | $23.2B |
| Axia Energia AXIA | 36 | Normal | Utilities | Brazil | 5 / 6 | $21.4B |
| CMS Energy Corporation CMS | 54 | Elevated | Utilities | United States | 5 / 6 | $21.3B |
| Edison International EIX | 33 | Normal | Utilities | United States | 5 / 6 | $20.8B |
| NiSource Inc NI | 40 | Elevated | Utilities | United States | 5 / 6 | $19.6B |
| Evergy Inc EVRG | 49 | Elevated | Utilities | United States | 5 / 6 | $18.7B |
| Alliant Energy Corp LNT | 46 | Elevated | Utilities | United States | 4 / 6 | $17.6B |
| Brookfield Infrastructure Partners L.P BIP | 41 | Elevated | Utilities | Bermuda | 5 / 6 | $17.3B |
| Companhia de Saneamento Basico do Estado de Sao Paulo. SBS | 41 | Elevated | Utilities | Brazil | 5 / 6 | $17.1B |
| CGN Power Co Ltd 94C | 54 | Elevated | Utilities | China | 4 / 6 | $16.4B |
| Emera Incorporated EMA | 47 | Elevated | Utilities | Canada | 5 / 6 | $15.4B |
| Korea Electric Power KEP | 45 | Elevated | Utilities | South Korea | 5 / 6 | $14.9B |
| Origin Energy Limited ORL | 48 | Elevated | Utilities | Australia | 4 / 6 | $14.4B |
| United Utilities Group PLC UU | 23 | Normal | Utilities | United Kingdom | 5 / 6 | $14.3B |
| Pinnacle West Capital Corp PNW | 48 | Elevated | Utilities | United States | 5 / 6 | $11.8B |
| China Resources Power Holdings Company Limited CRP | 50 | Elevated | Utilities | Hong Kong | 5 / 6 | $11.8B |
| Essential Utilities Inc WTRG | 26 | Normal | Utilities | United States | 4 / 6 | $11.7B |
| Enlight Renewable Energy Ltd ENLT | 42 | Elevated | Utilities | Israel | 5 / 6 | $10.9B |
| AES Corp AES | 62 | Stretched | Utilities | United States | 5 / 6 | $10.5B |
| Redeia Corporacion S.A. RED | 36 | Normal | Utilities | Spain | 3 / 6 | $9.5B |
| Brookfield Renewable Partners LP BEP | 63 | Stretched | Utilities | Canada | 5 / 6 | $9.5B |
| Oge Energy Corp OGE | 45 | Elevated | Utilities | United States | 4 / 6 | $9.4B |
| Meridian Energy Ltd MEZ | 49 | Elevated | Utilities | New Zealand | 4 / 6 | $9.1B |
| Sembcorp Industries Ltd U96.SI | 58 | Elevated | Utilities | Singapore | 5 / 6 | $8.4B |
| Sembcorp Industries Ltd SBOA | 59 | Elevated | Utilities | Singapore | 5 / 6 | $8.3B |
| UGI Corp UGI | 59 | Elevated | Utilities | United States | 5 / 6 | $8.3B |
| BKW AG BKW | 55 | Elevated | Utilities | Switzerland | 5 / 6 | $8.2B |
| Metlen Energy & Metals PLC MTLN | 65 | Stretched | Utilities | Greece | 5 / 6 | $8.2B |
| Corporacion Acciona Energias Renovables SA ANE | 44 | Elevated | Utilities | Spain | 5 / 6 | $7.9B |
| Idacorp Inc IDA | 51 | Elevated | Utilities | United States | 5 / 6 | $7.6B |
| ENN Energy Holdings Limited XGH | 57 | Elevated | Utilities | China | 5 / 6 | $6.9B |
| Hera S.p.A HE9 | 65 | Stretched | Utilities | Italy | 3 / 6 | $6.4B |
| Southwest Gas Holdings Inc SWX | 50 | Elevated | Utilities | United States | 5 / 6 | $6.4B |
| PNM Resources Inc TXNM | 54 | Elevated | Utilities | United States | 4 / 6 | $6.4B |
| Ormat Technologies Inc ORA | 51 | Elevated | Utilities | United States | 5 / 6 | $6.3B |
| Enel Chile S.A. ENIC | 43 | Elevated | Utilities | Chile | 4 / 6 | $6.0B |
| Brookfield Renewable Corporation (Exchangeable Shares) - Class A BEPC | 62 | Stretched | Utilities | United States | 5 / 6 | $6.0B |
| KYUSHU EL. PWR 2CJ | 56 | Elevated | Utilities | Japan | 4 / 6 | $5.7B |
| Portland General Electric Company POR | 43 | Elevated | Utilities | United States | 4 / 6 | $5.7B |
| Mercury NZ Limited MRY | 50 | Elevated | Utilities | New Zealand | 4 / 6 | $5.6B |
| Black Hills Corporation BKH | 51 | Elevated | Utilities | United States | 5 / 6 | $5.5B |
| Contact Energy Limited BZB | 31 | Normal | Utilities | New Zealand | 4 / 6 | $5.5B |
| New Jersey Resources Corporation NJR | 44 | Elevated | Utilities | United States | 5 / 6 | $5.4B |
| Brookfield Infrastructure Corp - Class A (Subordinate Share) BIPC | 31 | Normal | Utilities | United States | 4 / 6 | $5.2B |
| SOLV Energy Inc - Class A MWH | 43 | Elevated | Utilities | United States | 5 / 6 | $5.2B |
| ONE Gas Inc OGS | 53 | Elevated | Utilities | United States | 4 / 6 | $5.0B |
| Spire Inc SR | 50 | Elevated | Utilities | United States | 4 / 6 | $4.8B |
| China Power International Development Limited HPD | 54 | Elevated | Utilities | Hong Kong | 5 / 6 | $4.7B |
| Fervo Energy Company FRVO | 70 | Stretched | Utilities | United States | 4 / 6 | $4.5B |
| Electric Power Development Co. Ltd FJG | 63 | Stretched | Utilities | Japan | 4 / 6 | $4.4B |
| Algonquin Power & Utilities Corp AQN | 55 | Elevated | Utilities | Canada | 5 / 6 | $4.4B |
| NorthWestern Energy Group Inc NWE | 51 | Elevated | Utilities | United States | 4 / 6 | $4.3B |
| MDU Resources Group Inc MDU | 54 | Elevated | Utilities | United States | 5 / 6 | $4.2B |
| TOHOKU EL. PWR CO. TKT | 62 | Stretched | Utilities | Japan | 4 / 6 | $4.1B |
| Clearway Energy Inc - Class C CWEN | 51 | Elevated | Utilities | United States | 4 / 6 | $3.8B |
| Cia Energetica DE Minas Gerais - Cemig CIG | 42 | Elevated | Utilities | Brazil | 4 / 6 | $3.8B |
| ERG S.p.A ER9 | 40 | Elevated | Utilities | Italy | 3 / 6 | $3.6B |
| Kenon Holdings Ltd KEN | 41 | Elevated | Utilities | Singapore | 5 / 6 | $3.6B |
| American States Water Company AWR | 31 | Normal | Utilities | United States | 4 / 6 | $3.5B |
| Drax Group PLC DRX | 50 | Elevated | Utilities | United Kingdom | 5 / 6 | $3.5B |
| Chesapeake Utilities Corp CPK | 43 | Elevated | Utilities | United States | 5 / 6 | $3.2B |
| Avista Corp AVA | 42 | Elevated | Utilities | United States | 5 / 6 | $3.1B |
| California Water Service Group CWT | 46 | Elevated | Utilities | United States | 4 / 6 | $3.1B |
| PENNON GROUP NEW LS-6105 3PN | 33 | Normal | Utilities | United Kingdom | 5 / 6 | $3.0B |
| MGE Energy Inc MGEE | 45 | Elevated | Utilities | United States | 5 / 6 | $2.9B |
By sector
Industrials 1,536Technology 1,292Healthcare 1,214Consumer Cyclical 1,116Basic Materials 577Communication Services 565Real Estate 552Consumer Defensive 536Energy 356Utilities 232
How the reading is built
Each company is scored on six mechanisms -- market expectation, operating pressure, cash conversion, leverage, concentration and competitive position -- from its own filed statements. A mechanism whose inputs do not clear its coverage floor is left unread rather than scored zero, and a reading built on thin coverage is pulled toward a neutral prior rather than claiming safety from what nobody looked at.
Descriptive, not advisory. These bands describe measured mechanisms; they are not investment advice, not a forecast, and not a statement about whether a share is worth owning.