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 |
|---|---|---|---|---|---|---|
| REN - Redes Energéticas Nacionais SGPS S.A RENE | 32 | Normal | Utilities | Portugal | 4 / 6 | $2.7B |
| TOHO GAS CO. LTD 59W | 52 | Elevated | Utilities | Japan | 5 / 6 | $2.7B |
| H2O America HTO | 42 | Elevated | Utilities | United States | 4 / 6 | $2.7B |
| ReNew Energy Global plc - Class A RNW | 41 | Elevated | Utilities | United Kingdom | 5 / 6 | $2.5B |
| The Chugoku Electric Power Co., Inc. 9504.T | 56 | Elevated | Utilities | Japan | 4 / 6 | $2.2B |
| Northwest Natural Holding Company NWN | 43 | Elevated | Utilities | United States | 5 / 6 | $2.1B |
| Centuri Holdings Inc CTRI | 59 | Elevated | Utilities | United States | 5 / 6 | $2.1B |
| Central Puerto CEPU | 47 | Elevated | Utilities | Argentina | 5 / 6 | $2.0B |
| Hawaiian Electric Industries Inc HE | 59 | Elevated | Utilities | United States | 4 / 6 | $1.9B |
| China Suntien Green Energy Corporation Limited 9C6 | 60 | Stretched | Utilities | China | 4 / 6 | $1.8B |
| ROMANDE ENERGIE SA REHN | 47 | Elevated | Utilities | Switzerland | 5 / 6 | $1.6B |
| Fluence Energy Inc - Class A FLNC | 47 | Elevated | Utilities | United States | 5 / 6 | $1.5B |
| Athens Water Supply and Sewerage Company S.A EYDAP | 63 | Stretched | Utilities | Greece | 3 / 6 | $1.5B |
| HOKKAIDO EL. PWR 5IE | 59 | Elevated | Utilities | Japan | 4 / 6 | $1.4B |
| Hokuriku Electric Power Company 9505.T | 47 | Elevated | Utilities | Japan | 4 / 6 | $1.3B |
| NATURENERGIE NEAG | 39 | Normal | Utilities | Switzerland | 5 / 6 | $1.3B |
| Suburban Propane Partners LP SPH | 50 | Elevated | Utilities | United States | 4 / 6 | $1.2B |
| ALERION CLEANPOWER FCW3 | 51 | Elevated | Utilities | Italy | 4 / 6 | $1.2B |
| Cox ABG Group SA COXG | 42 | Elevated | Utilities | Spain | 5 / 6 | $1.2B |
| CGN New Energy Holdings Co., Ltd. 1811.HK | 52 | Elevated | Utilities | China | 5 / 6 | $1.1B |
| NextEra Energy Partners LP XIFR | 75 | Stretched | Utilities | United States | 4 / 6 | $1.1B |
| Middlesex Water Company MSEX | 41 | Elevated | Utilities | United States | 5 / 6 | $1.1B |
| EnergyVision NV ENRGY | 40 | Elevated | Utilities | Belgium | 4 / 6 | $1.1B |
| China Datang Corporation Renewable Power Co. Limited DT7 | 52 | Elevated | Utilities | China | 5 / 6 | $1.0B |
| Voltalia SA VLTSA | 70 | Stretched | Utilities | France | 5 / 6 | $1.0B |
| Unitil Corp UTL | 50 | Elevated | Utilities | United States | 5 / 6 | $976M |
| TELECOM PLUS PLC LS-05 T8T | 57 | Elevated | Utilities | United Kingdom | 5 / 6 | $911M |
| ZHONGYU ENERGY HLDGS. NEW MJVC | 67 | Stretched | Utilities | Hong Kong | 5 / 6 | $857M |
| Hallador Energy Company HNRG | 43 | Elevated | Utilities | United States | 4 / 6 | $782M |
| Audax Renovables S.A 54F | 67 | Stretched | Utilities | Spain | 4 / 6 | $622M |
| ZH.JIN.ENV.HLDG DL-00001 3UG | 41 | Elevated | Utilities | China | 5 / 6 | $622M |
| Energy Vault Holdings Inc NRGV | 77 | Stretched | Utilities | United States | 4 / 6 | $612M |
| SHIZUOKA GAS CO. LTD. 1KS | 49 | Elevated | Utilities | Japan | 5 / 6 | $590M |
| York Water Company YORW | 36 | Normal | Utilities | United States | 4 / 6 | $553M |
| Elmera Group ASA ELMRA | 64 | Stretched | Utilities | Norway | 4 / 6 | $534M |
| Empresa Distribuidora y Comercial Norte S.A. EDN | 43 | Elevated | Utilities | Argentina | 5 / 6 | $486M |
| Cloudberry Clean Energy As CLOUD | 13 | Contained | Utilities | Norway | 4 / 6 | $481M |
| Consolidated Water Co. Ltd CWCO | 27 | Normal | Utilities | Cayman Islands | 5 / 6 | $476M |
| EREX CO. LTD 6HF | 58 | Elevated | Utilities | Japan | 4 / 6 | $419M |
| ENERGIEKONTOR EKT | 49 | Elevated | Utilities | Germany | 5 / 6 | $401M |
| ARVERNE GROUP ARVEN | 62 | Stretched | Utilities | France | 5 / 6 | $395M |
| Genie Energy Ltd - Class B GNE | 41 | Elevated | Utilities | United States | 5 / 6 | $391M |
| Yu Group PLC YU | 33 | Normal | Utilities | United Kingdom | 5 / 6 | $390M |
| Cadiz Inc CDZI | 55 | Elevated | Utilities | United States | 5 / 6 | $334M |
| Digi Power X Inc (Sub voting) DGXX | 61 | Stretched | Utilities | United States | 5 / 6 | $326M |
| China Tian Lun Gas Holdings Limited TLJ | 59 | Elevated | Utilities | China | 5 / 6 | $317M |
| Ellomay Capital Ltd ELLO | 76 | Stretched | Utilities | Israel | 4 / 6 | $284M |
| ALTEO Energiaszolgaltato Nyrt. ALTEO | 56 | Elevated | Utilities | Hungary | 5 / 6 | $276M |
| EVISO EVISO.MI | 33 | Normal | Utilities | Italy | 4 / 6 | $270M |
| Pure Cycle Corp PCYO | 40 | Elevated | Utilities | United States | 5 / 6 | $267M |
| Global Water Resources Inc GWRS | 50 | Elevated | Utilities | United States | 4 / 6 | $265M |
| Tess Holdings Co.,Ltd. 9VI | 61 | Stretched | Utilities | Japan | 5 / 6 | $262M |
| ALTEO ENERG.NYIL M.UF125 54O | 56 | Elevated | Utilities | Hungary | 5 / 6 | $257M |
| Grupo Ecoener S.A. ENER | 54 | Elevated | Utilities | Spain | 5 / 6 | $254M |
| SICHUAN ENG.INV.DEV.H YC1 84H | 47 | Elevated | Utilities | China | 5 / 6 | $244M |
| AS Tallinna Vesi A1T | 33 | Normal | Utilities | Estonia | 3 / 6 | $244M |
| Magnora ASA 4SM | 57 | Elevated | Utilities | Norway | 3 / 6 | $230M |
| RGC Resources Inc RGCO | 44 | Elevated | Utilities | United States | 5 / 6 | $223M |
| Thessaloniki Water Supply & Sewerage Co S.A EYAPS | 38 | Normal | Utilities | Greece | 5 / 6 | $202M |
| DIGITAL GRID Corporation 6PW | 35 | Normal | Utilities | Japan | 4 / 6 | $198M |
| BINHAI INVESTM.CO. HD-10 WS7A | 56 | Elevated | Utilities | Hong Kong | 5 / 6 | $174M |
| Entech SE SAS ALESE | 27 | Normal | Utilities | France | 5 / 6 | $172M |
| LGI Limited VR4 | 44 | Elevated | Utilities | Australia | 3 / 6 | $162M |
| GGI1 GGI1 | 44 | Elevated | Utilities | Hong Kong | 5 / 6 | $158M |
| REDELFI SPA B0Z | 25 | Normal | Utilities | Italy | 4 / 6 | $154M |
| SERI INDUSTRIAL EO -18 PCHP | 46 | Elevated | Utilities | Italy | 4 / 6 | $142M |
| XCF Global Inc SAFX | 70 | Stretched | Utilities | United States | 3 / 6 | $140M |
| Energoaqua a.s. ENRGA | 44 | Elevated | Utilities | Czech Republic | 5 / 6 | $129M |
| Eolus Vind AB (publ) EOLU-B | 45 | Elevated | Utilities | Sweden | 4 / 6 | $116M |
| GCL NEW ENERGY HD-0832 TJI | 60 | Stretched | Utilities | Hong Kong | 5 / 6 | $112M |
| The Alumasc Group plc ALU | 37 | Normal | Utilities | United Kingdom | 5 / 6 | $112M |
| Haffner Energy SA ALHAF | 94 | Acute | Utilities | France | 4 / 6 | $107M |
| Edisun Power Europe AG ESUN | 61 | Stretched | Utilities | Switzerland | 5 / 6 | $97M |
| Ekopak BV EKOP | 69 | Stretched | Utilities | Belgium | 5 / 6 | $81M |
| ECOSUNTEK ECK.MI | 45 | Elevated | Utilities | Italy | 5 / 6 | $74M |
| OPAL Fuels Inc - Class A OPAL | 57 | Elevated | Utilities | United States | 5 / 6 | $60M |
| Stem Inc - Class A STEM | 83 | Acute | Utilities | United States | 4 / 6 | $55M |
| Luzhou Xinglu Water (Group) Co., Ltd. 2LX | 48 | Elevated | Utilities | China | 4 / 6 | $55M |
| Janus Electric Holdings Ltd JNS | 65 | Stretched | Utilities | Australia | 3 / 6 | $51M |
| Fernheizwerk Neukölln Aktiengesellschaft FHW | 45 | Elevated | Utilities | Germany | 4 / 6 | $51M |
| INIZIAT BRESCIANE IB.MI | 37 | Normal | Utilities | Italy | 5 / 6 | $50M |
| Hydrogene De France SA HDF | 64 | Stretched | Utilities | France | 5 / 6 | $49M |
| Houston American Energy Corp AGIG | 87 | Acute | Utilities | United States | 4 / 6 | $47M |
| CLEAN TEQ WATER LTD 9NK | 54 | Elevated | Utilities | Australia | 4 / 6 | $47M |
| BEIJ.GAS BLUESKY HKD-055 KO32 | 61 | Stretched | Utilities | Hong Kong | 5 / 6 | $40M |
| Chinese People Holdings Company Limited KEH | 57 | Elevated | Utilities | China | 5 / 6 | $39M |
| NextNRG Inc NXXT | 63 | Stretched | Utilities | United States | 4 / 6 | $39M |
| Eco Wave Power Global AB WAVE | 55 | Elevated | Utilities | Israel | 5 / 6 | $38M |
| MINT Société anonyme ALMIN | 52 | Elevated | Utilities | France | 4 / 6 | $36M |
| Energía Innovación y Desarrollo Fotovoltaico S.A. EIDF | 55 | Elevated | Utilities | Spain | 5 / 6 | $34M |
| ENERGIA IN.Y DES. EO 025 F63 | 56 | Elevated | Utilities | Spain | 5 / 6 | $34M |
| TPC CONSOLIDATED LTD. T7P | 45 | Elevated | Utilities | Australia | 4 / 6 | $33M |
| Holaluz-Clidom S.A HLZ | 79 | Stretched | Utilities | Spain | 5 / 6 | $31M |
| Eqva ASA EQVA | 35 | Normal | Utilities | Norway | 5 / 6 | $28M |
| TIANJIN JIN.PUB.U.H YC-10 TL6 | 62 | Stretched | Utilities | China | 3 / 6 | $26M |
| Charwood Energy SA ALCWE | 57 | Elevated | Utilities | France | 5 / 6 | $21M |
| INNOVATEC S.P.A. 5JT | 87 | Acute | Utilities | Italy | 5 / 6 | $21M |
| CHARWOOD ENERGY EO -01 L5Q | 57 | Elevated | Utilities | France | 5 / 6 | $20M |
| Cavendish Hydrogen ASA CAVEN | 69 | Stretched | Utilities | Norway | 3 / 6 | $20M |
| Skandia Greenpower AS SKAND | 28 | Normal | Utilities | Norway | 4 / 6 | $17M |
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.