Utilities companies by risk reading
Utilities companies by risk reading: 343 companies ranked by a composite risk reading built from filed statements -- leverage, cash conversion, operating pressure, customer and supplier concentration and competitive position. Recomputed 21 October 2026.
Composite readings for 14,899 companies, recomputed 21 October 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 | 52 | Elevated | Utilities | United States | 6 / 6 | $163.1B |
| Iberdrola S.A. IBE | 36 | Normal | Utilities | Spain | 4 / 6 | $161.4B |
| Southern Company SO | 46 | Elevated | Utilities | United States | 5 / 6 | $102.7B |
| Enel SpA ENEL.MI | 45 | Elevated | Utilities | Italy | 5 / 6 | $97.4B |
| Constellation Energy Corporation CEG | 43 | Elevated | Utilities | United States | 5 / 6 | $93.4B |
| Duke Energy Corp DUK | 47 | Elevated | Utilities | United States | 5 / 6 | $93.0B |
| National Grid Plc NGG | 48 | Elevated | Utilities | United Kingdom | 5 / 6 | $78.7B |
| National Grid PLC NNGF | 49 | Elevated | Utilities | United Kingdom | 5 / 6 | $75.9B |
| American Electric Power Company Inc AEP | 43 | Elevated | Utilities | United States | 5 / 6 | $67.9B |
| Engie S.A. ENGI | 60 | Stretched | Utilities | France | 5 / 6 | $64.9B |
| Dominion Energy Inc D | 44 | Elevated | Utilities | United States | 5 / 6 | $54.7B |
| Sempra SRE | 56 | Elevated | Utilities | United States | 6 / 6 | $53.4B |
| Vistra Corp VST | 50 | Elevated | Utilities | United States | 4 / 6 | $50.3B |
| Entergy Corp ETR | 49 | Elevated | Utilities | United States | 5 / 6 | $48.4B |
| Xcel Energy Inc XEL | 57 | Elevated | Utilities | United States | 5 / 6 | $46.9B |
| Exelon Corp EXC | 47 | Elevated | Utilities | United States | 5 / 6 | $43.8B |
| SSE PLC SSE | 52 | Elevated | Utilities | United Kingdom | 5 / 6 | $39.7B |
| Consolidated Edison Inc ED | 51 | Elevated | Utilities | United States | 5 / 6 | $36.9B |
| Public Service Enterprise Group Inc PEG | 43 | Elevated | Utilities | United States | 5 / 6 | $35.0B |
| WEC Energy Group Inc WEC | 49 | Elevated | Utilities | United States | 4 / 6 | $34.9B |
| CGN Power Co., Ltd. 003816.SZ | 57 | Elevated | Utilities | China | 4 / 6 | $34.7B |
| Naturgy Energy Group SA NTGY | 52 | Elevated | Utilities | Spain | 5 / 6 | $31.5B |
| NATURGY ENERGY ADR1/5/E01 GANA | 53 | Elevated | Utilities | Spain | 5 / 6 | $30.1B |
| PG&E Corp PCG | 54 | Elevated | Utilities | United States | 5 / 6 | $28.9B |
| Ameren Corp AEE | 48 | Elevated | Utilities | United States | 5 / 6 | $28.8B |
| Fortis Inc FTS | 47 | Elevated | Utilities | Canada | 5 / 6 | $28.0B |
| Atmos Energy Corp ATO | 39 | Normal | Utilities | United States | 5 / 6 | $27.8B |
| American Water Works Co. Inc AWK | 33 | Normal | Utilities | United States | 5 / 6 | $26.5B |
| Ørsted ORSTED.CO | 68 | Stretched | Utilities | Denmark | 3 / 6 | $26.5B |
| DTE Energy Company DTE | 60 | Stretched | Utilities | United States | 5 / 6 | $26.4B |
| Firstenergy Corp FE | 49 | Elevated | Utilities | United States | 5 / 6 | $26.2B |
| Centerpoint Energy Inc CNP | 51 | Elevated | Utilities | United States | 4 / 6 | $26.1B |
| PPL Corp PPL | 45 | Elevated | Utilities | United States | 5 / 6 | $25.8B |
| CLP Holdings Limited 0002.HK | 48 | Elevated | Utilities | Hong Kong | 5 / 6 | $24.8B |
| VERBUND AG OEWA | 44 | Elevated | Utilities | Austria | 3 / 6 | $24.6B |
| Eversource Energy ES | 48 | Elevated | Utilities | United States | 5 / 6 | $24.3B |
| Fortum Oyj FORTUM | 65 | Stretched | Utilities | Finland | 3 / 6 | $23.7B |
| Companhia de Saneamento Basico do Estado de Sao Paulo. SBS | 37 | Normal | Utilities | Brazil | 4 / 6 | $22.2B |
| Axia Energia AXIA | 35 | Normal | Utilities | Brazil | 5 / 6 | $21.4B |
| Edison International EIX | 32 | Normal | Utilities | United States | 5 / 6 | $21.4B |
| CGN Power Co., Ltd. 1816.HK | 57 | Elevated | Utilities | China | 4 / 6 | $21.4B |
| CMS Energy Corporation CMS | 55 | Elevated | Utilities | United States | 5 / 6 | $21.1B |
| Ck Infra Holdings Ltd CKI | 75 | Stretched | Utilities | Hong Kong | 4 / 6 | $21.0B |
| NRG Energy Inc NRG | 61 | Stretched | Utilities | United States | 5 / 6 | $20.9B |
| Terna Rete Elettrica Nazionale SpA TRN.MI | 25 | Normal | Utilities | Italy | 3 / 6 | $20.5B |
| NiSource Inc NI | 43 | Elevated | Utilities | United States | 5 / 6 | $20.1B |
| Evergy Inc EVRG | 50 | Elevated | Utilities | United States | 5 / 6 | $18.8B |
| The Kansai Electric Power Company, Incorporated 9503.T | 46 | Elevated | Utilities | Japan | 4 / 6 | $18.7B |
| CGN Power Co Ltd 94C | 58 | Elevated | Utilities | China | 4 / 6 | $18.0B |
| Alliant Energy Corp LNT | 41 | Elevated | Utilities | United States | 4 / 6 | $17.3B |
| The Hong Kong and China Gas Company Limited 0003.HK | 54 | Elevated | Utilities | Hong Kong | 5 / 6 | $17.2B |
| Brookfield Infrastructure Partners L.P BIP | 41 | Elevated | Utilities | Bermuda | 5 / 6 | $17.0B |
| Talen Energy Corporation TLN | 66 | Stretched | Utilities | United States | 5 / 6 | $16.8B |
| Power Assets Holdings Limited 0006.HK | 24 | Normal | Utilities | Hong Kong | 5 / 6 | $16.4B |
| PUBLIC POWER CORPORATION SA PPC.AT | 53 | Elevated | Utilities | Greece | 5 / 6 | $15.0B |
| EDP Renovaveis EDPR | 36 | Normal | Utilities | Spain | 3 / 6 | $14.5B |
| ELIA GROUP ELI.BR | 44 | Elevated | Utilities | Belgium | 5 / 6 | $14.4B |
| Emera Incorporated EMA | 48 | Elevated | Utilities | Canada | 5 / 6 | $14.3B |
| United Utilities Group PLC UU | 23 | Normal | Utilities | United Kingdom | 5 / 6 | $14.0B |
| Korea Electric Power KEP | 46 | Elevated | Utilities | South Korea | 5 / 6 | $13.7B |
| Osaka Gas Co., Ltd. 9532.T | 52 | Elevated | Utilities | Japan | 5 / 6 | $13.3B |
| China Resources Power Holdings Company Limited CRP | 49 | Elevated | Utilities | Hong Kong | 5 / 6 | $13.2B |
| Origin Energy Limited ORG.AX | 51 | Elevated | Utilities | Australia | 4 / 6 | $13.1B |
| Tokyo Gas Co.,Ltd. 9531.T | 56 | Elevated | Utilities | Japan | 5 / 6 | $12.4B |
| Pinnacle West Capital Corp PNW | 48 | Elevated | Utilities | United States | 5 / 6 | $12.3B |
| Essential Utilities Inc WTRG | 27 | Normal | Utilities | United States | 4 / 6 | $11.5B |
| AES Corp AES | 55 | Elevated | Utilities | United States | 6 / 6 | $10.7B |
| Companhia Paranaense de Energia ELPC | 38 | Normal | Utilities | Brazil | 5 / 6 | $10.4B |
| Oge Energy Corp OGE | 48 | Elevated | Utilities | United States | 4 / 6 | $9.7B |
| Enlight Renewable Energy Ltd ENLT | 42 | Elevated | Utilities | Israel | 5 / 6 | $9.5B |
| Redeia Corporacion S.A. RED | 34 | Normal | Utilities | Spain | 3 / 6 | $9.0B |
| Brookfield Renewable Partners LP BEP | 72 | Stretched | Utilities | Canada | 5 / 6 | $8.4B |
| Sembcorp Industries Ltd U96.SI | 57 | Elevated | Utilities | Singapore | 5 / 6 | $8.2B |
| UGI Corp UGI | 53 | Elevated | Utilities | United States | 5 / 6 | $8.2B |
| Meridian Energy Ltd MEZ | 49 | Elevated | Utilities | New Zealand | 4 / 6 | $8.2B |
| Sembcorp Industries Ltd SBOA | 58 | Elevated | Utilities | Singapore | 5 / 6 | $8.1B |
| Corporacion Acciona Energias Renovables SA ANE | 41 | Elevated | Utilities | Spain | 5 / 6 | $7.9B |
| Metlen Energy & Metals PLC MTLN | 64 | Stretched | Utilities | Greece | 5 / 6 | $7.8B |
| BKW AG BKW | 54 | Elevated | Utilities | Switzerland | 5 / 6 | $7.7B |
| Idacorp Inc IDA | 50 | Elevated | Utilities | United States | 5 / 6 | $7.6B |
| Guangdong Investment Limited 0270.HK | 29 | Normal | Utilities | Hong Kong | 5 / 6 | $7.5B |
| ENN Energy Holdings Limited 2688.HK | 54 | Elevated | Utilities | China | 5 / 6 | $7.1B |
| HK Electric Investments and HK Electric Investments Limited 2638.HK | 34 | Normal | Utilities | Hong Kong | 5 / 6 | $7.0B |
| SulNOx Group PLC SNOX.AQ | 50 | Elevated | Utilities | United Kingdom | 4 / 6 | $6.6B |
| PNM Resources Inc TXNM | 53 | Elevated | Utilities | United States | 4 / 6 | $6.5B |
| Southwest Gas Holdings Inc SWX | 59 | Elevated | Utilities | United States | 6 / 6 | $6.3B |
| Enel Chile S.A. ENIC | 39 | Normal | Utilities | Chile | 4 / 6 | $6.2B |
| KYUSHU EL. PWR 2CJ | 49 | Elevated | Utilities | Japan | 4 / 6 | $6.1B |
| Black Hills Corporation BKH | 51 | Elevated | Utilities | United States | 5 / 6 | $5.8B |
| Hera S.p.A HER.MI | 64 | Stretched | Utilities | Italy | 3 / 6 | $5.8B |
| Mercury NZ Limited MCY.AX | 34 | Normal | Utilities | New Zealand | 4 / 6 | $5.5B |
| Ormat Technologies Inc ORA | 51 | Elevated | Utilities | United States | 6 / 6 | $5.3B |
| Contact Energy Limited CEN.AX | 31 | Normal | Utilities | New Zealand | 4 / 6 | $5.3B |
| Brookfield Renewable Corporation (Exchangeable Shares) - Class A BEPC | 62 | Stretched | Utilities | United States | 5 / 6 | $5.3B |
| New Jersey Resources Corporation NJR | 41 | Elevated | Utilities | United States | 5 / 6 | $5.2B |
| Brookfield Infrastructure Corp - Class A (Subordinate Share) BIPC | 31 | Normal | Utilities | United States | 4 / 6 | $5.1B |
| Mercury NZ Limited MRY | 50 | Elevated | Utilities | New Zealand | 4 / 6 | $5.1B |
| Portland General Electric Company POR | 45 | Elevated | Utilities | United States | 4 / 6 | $5.0B |
| Contact Energy Limited BZB | 30 | Normal | Utilities | New Zealand | 4 / 6 | $4.9B |
| SOLV Energy Inc - Class A MWH | 42 | Elevated | Utilities | United States | 5 / 6 | $4.8B |
By sector
Industrials 3,117Technology 2,425Consumer Cyclical 2,231Healthcare 1,695Consumer Defensive 1,055Basic Materials 1,055Real Estate 1,011Communication Services 956Energy 487Utilities 343Financial Services 90
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.