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 |
|---|---|---|---|---|---|---|
| Spire Inc SR | 47 | Elevated | Utilities | United States | 4 / 6 | $4.8B |
| China Resources Gas Group Limited 1193.HK | 53 | Elevated | Utilities | Hong Kong | 5 / 6 | $4.8B |
| ONE Gas Inc OGS | 50 | Elevated | Utilities | United States | 4 / 6 | $4.7B |
| NorthWestern Energy Group Inc NWE | 48 | Elevated | Utilities | United States | 4 / 6 | $4.6B |
| Electric Power Development Co., Ltd. 9513.T | 56 | Elevated | Utilities | Japan | 4 / 6 | $4.4B |
| Cia Energetica DE Minas Gerais - Cemig CIG | 41 | Elevated | Utilities | Brazil | 4 / 6 | $4.3B |
| China Power International Development Limited 2380.HK | 50 | Elevated | Utilities | Hong Kong | 5 / 6 | $4.3B |
| AGL Energy Limited AGL.AX | 47 | Elevated | Utilities | Australia | 4 / 6 | $4.1B |
| Tohoku Electric Power Company, Incorporated 9506.T | 55 | Elevated | Utilities | Japan | 4 / 6 | $4.0B |
| MDU Resources Group Inc MDU | 56 | Elevated | Utilities | United States | 6 / 6 | $4.0B |
| Algonquin Power & Utilities Corp AQN | 53 | Elevated | Utilities | Canada | 5 / 6 | $4.0B |
| Drax Group PLC DRX | 50 | Elevated | Utilities | United Kingdom | 5 / 6 | $3.7B |
| ERG S.p.A ERG.MI | 38 | Normal | Utilities | Italy | 3 / 6 | $3.6B |
| Clearway Energy Inc - Class C CWEN | 51 | Elevated | Utilities | United States | 4 / 6 | $3.6B |
| China Gas Holdings Limited 0384.HK | 62 | Stretched | Utilities | Hong Kong | 5 / 6 | $3.6B |
| Kenon Holdings Ltd KEN | 41 | Elevated | Utilities | Singapore | 5 / 6 | $3.2B |
| American States Water Company AWR | 31 | Normal | Utilities | United States | 4 / 6 | $3.2B |
| Mainova AG MNV6.F | 60 | Stretched | Utilities | Germany | 5 / 6 | $3.2B |
| Chesapeake Utilities Corp CPK | 43 | Elevated | Utilities | United States | 5 / 6 | $3.1B |
| Avista Corp AVA | 42 | Elevated | Utilities | United States | 5 / 6 | $3.0B |
| Pennon Group Plc PNN | 63 | Stretched | Utilities | United Kingdom | 5 / 6 | $3.0B |
| California Water Service Group CWT | 46 | Elevated | Utilities | United States | 4 / 6 | $2.8B |
| Shikoku Electric Power Company, Incorporated 9507.T | 50 | Elevated | Utilities | Japan | 5 / 6 | $2.8B |
| MGE Energy Inc MGEE | 45 | Elevated | Utilities | United States | 5 / 6 | $2.7B |
| Fervo Energy Company FRVO | 83 | Acute | Utilities | United States | 5 / 6 | $2.7B |
| REN - Redes Energéticas Nacionais SGPS S.A RENE | 31 | Normal | Utilities | Portugal | 4 / 6 | $2.7B |
| Toho Gas Co., Ltd. 9533.T | 51 | Elevated | Utilities | Japan | 5 / 6 | $2.6B |
| ReNew Energy Global plc - Class A RNW | 40 | Elevated | Utilities | United Kingdom | 5 / 6 | $2.5B |
| H2O America HTO | 43 | Elevated | Utilities | United States | 4 / 6 | $2.3B |
| The Chugoku Electric Power Co., Inc. 9504.T | 56 | Elevated | Utilities | Japan | 4 / 6 | $2.3B |
| PENNON GROUP NEW LS-6105 3PN | 35 | Normal | Utilities | United Kingdom | 5 / 6 | $2.2B |
| Centuri Holdings Inc CTRI | 58 | Elevated | Utilities | United States | 6 / 6 | $2.1B |
| Northwest Natural Holding Company NWN | 41 | Elevated | Utilities | United States | 5 / 6 | $2.0B |
| Beijing Enterprises Water Group Limited 0371.HK | 44 | Elevated | Utilities | Hong Kong | 5 / 6 | $1.9B |
| China Suntien Green Energy Corporation Limited 0956.HK | 56 | Elevated | Utilities | China | 4 / 6 | $1.9B |
| China Suntien Green Energy Corporation Limited 9C6 | 58 | Elevated | Utilities | China | 4 / 6 | $1.9B |
| Central Puerto CEPU | 45 | Elevated | Utilities | Argentina | 5 / 6 | $1.9B |
| Nippon Gas Co., Ltd. 8174.T | 45 | Elevated | Utilities | Japan | 5 / 6 | $1.8B |
| Genesis Energy Limited GNE.AX | 48 | Elevated | Utilities | New Zealand | 4 / 6 | $1.8B |
| Beijing Jingneng Clean Energy Co., Limited 0579.HK | 46 | Elevated | Utilities | China | 5 / 6 | $1.7B |
| Athens Water Supply and Sewerage Company S.A EYDAP | 60 | Stretched | Utilities | Greece | 3 / 6 | $1.6B |
| ROMANDE ENERGIE SA REHN | 46 | Elevated | Utilities | Switzerland | 5 / 6 | $1.5B |
| Hawaiian Electric Industries Inc HE | 58 | Elevated | Utilities | United States | 4 / 6 | $1.5B |
| Towngas Smart Energy Company Limited 1083.HK | 60 | Stretched | Utilities | Hong Kong | 5 / 6 | $1.5B |
| Hokuriku Electric Power Company 9505.T | 45 | Elevated | Utilities | Japan | 4 / 6 | $1.4B |
| Hokkaido Electric Power Company, Incorporated 9509.T | 52 | Elevated | Utilities | Japan | 4 / 6 | $1.4B |
| ELEC.STRASBOURG ELEC.PA | 33 | Normal | Utilities | France | 5 / 6 | $1.3B |
| NATURENERGIE NEAG | 38 | Normal | Utilities | Switzerland | 5 / 6 | $1.2B |
| EnergyVision NV ENRGY | 40 | Elevated | Utilities | Belgium | 5 / 6 | $1.2B |
| Suburban Propane Partners LP SPH | 50 | Elevated | Utilities | United States | 4 / 6 | $1.1B |
| CGN New Energy Holdings Co., Ltd. 1811.HK | 51 | Elevated | Utilities | China | 5 / 6 | $1.1B |
| ALERION ARN.MI | 51 | Elevated | Utilities | Italy | 4 / 6 | $1.0B |
| Cox ABG Group SA COXG | 44 | Elevated | Utilities | Spain | 5 / 6 | $1.0B |
| Middlesex Water Company MSEX | 40 | Elevated | Utilities | United States | 5 / 6 | $1.0B |
| Unitil Corp UTL | 49 | Elevated | Utilities | United States | 5 / 6 | $965M |
| NextEra Energy Partners LP XIFR | 80 | Acute | Utilities | United States | 5 / 6 | $920M |
| Zhongyu Energy Holdings Limited 3633.HK | 63 | Stretched | Utilities | Hong Kong | 5 / 6 | $914M |
| Telecom Plus PLC TEP | 39 | Normal | Utilities | United Kingdom | 5 / 6 | $883M |
| China Water Affairs Group Limited 0855.HK | 53 | Elevated | Utilities | Hong Kong | 5 / 6 | $867M |
| China Datang Corporation Renewable Power Co. Limited DT7 | 51 | Elevated | Utilities | China | 5 / 6 | $846M |
| Xinyi Energy Holdings Limited 3868.HK | 39 | Normal | Utilities | China | 3 / 6 | $843M |
| Fluence Energy Inc - Class A FLNC | 48 | Elevated | Utilities | United States | 6 / 6 | $839M |
| TELECOM PLUS PLC LS-05 T8T | 54 | Elevated | Utilities | United Kingdom | 5 / 6 | $814M |
| Guoxia Technology Co., Ltd. 2655.HK | 44 | Elevated | Utilities | China | 5 / 6 | $792M |
| ZH.JIN.ENV.HLDG DL-00001 3UG | 39 | Normal | Utilities | China | 5 / 6 | $692M |
| Voltalia SA VLTSA | 70 | Stretched | Utilities | France | 5 / 6 | $653M |
| K&O Energy Group Inc. 1663.T | 44 | Elevated | Utilities | Japan | 5 / 6 | $624M |
| Shizuoka Gas Co., Ltd. 9543.T | 46 | Elevated | Utilities | Japan | 5 / 6 | $623M |
| Cloudberry Clean Energy As CLOUD | 14 | Contained | Utilities | Norway | 4 / 6 | $576M |
| West Holdings Corporation 1407.T | 52 | Elevated | Utilities | Japan | 5 / 6 | $569M |
| Hallador Energy Company HNRG | 41 | Elevated | Utilities | United States | 4 / 6 | $550M |
| Elmera Group ASA ELMRA | 62 | Stretched | Utilities | Norway | 4 / 6 | $544M |
| Premium Water Holdings,Inc. 2588.T | 33 | Normal | Utilities | Japan | 5 / 6 | $506M |
| Energy Vault Holdings Inc NRGV | 74 | Stretched | Utilities | United States | 5 / 6 | $498M |
| York Water Company YORW | 35 | Normal | Utilities | United States | 4 / 6 | $493M |
| China Everbright Water Limited U9E.SI | 41 | Elevated | Utilities | China | 5 / 6 | $470M |
| Hokkaido Gas Co., Ltd. 9534.T | 46 | Elevated | Utilities | Japan | 5 / 6 | $470M |
| RENOVA, Inc. 9519.T | 42 | Elevated | Utilities | Japan | 5 / 6 | $460M |
| Consolidated Water Co. Ltd CWCO | 31 | Normal | Utilities | Cayman Islands | 6 / 6 | $442M |
| Genie Energy Ltd - Class B GNE | 47 | Elevated | Utilities | United States | 6 / 6 | $438M |
| Empresa Distribuidora y Comercial Norte S.A. EDN | 44 | Elevated | Utilities | Argentina | 5 / 6 | $399M |
| The Okinawa Electric Power Company, Incorporated 9511.T | 51 | Elevated | Utilities | Japan | 4 / 6 | $393M |
| Yu Group PLC YU | 35 | Normal | Utilities | United Kingdom | 5 / 6 | $388M |
| ENERGIEKONTOR EKT | 48 | Elevated | Utilities | Germany | 5 / 6 | $382M |
| eREX Co.,Ltd. 9517.T | 58 | Elevated | Utilities | Japan | 4 / 6 | $379M |
| grems,Inc. 3150.T | 33 | Normal | Utilities | Japan | 5 / 6 | $348M |
| Artesian Resources Corporation ARTNA | 37 | Normal | Utilities | United States | 5 / 6 | $341M |
| ARVERNE GROUP ARVEN | 62 | Stretched | Utilities | France | 5 / 6 | $331M |
| Tian Lun Gas Holdings Limited 1600.HK | 55 | Elevated | Utilities | China | 5 / 6 | $330M |
| SIIC Environment Holdings Ltd. 0807.HK | 43 | Elevated | Utilities | Singapore | 5 / 6 | $313M |
| SIIC Environment Holdings Ltd. BHK.SI | 44 | Elevated | Utilities | Singapore | 5 / 6 | $302M |
| Concord New Energy Group Limited 0182.HK | 44 | Elevated | Utilities | Singapore | 4 / 6 | $298M |
| Ellomay Capital Ltd ELLO | 75 | Stretched | Utilities | Israel | 4 / 6 | $292M |
| Kogeneracja SA KGN | 60 | Stretched | Utilities | Poland | 4 / 6 | $290M |
| ARVERNE GROUP ARVEN.PA | 62 | Stretched | Utilities | France | 5 / 6 | $272M |
| Edisun Power Europe AG ESUN | 62 | Stretched | Utilities | Switzerland | 5 / 6 | $270M |
| Pure Cycle Corp PCYO | 39 | Normal | Utilities | United States | 6 / 6 | $261M |
| Digi Power X Inc (Sub voting) DGXX | 59 | Elevated | Utilities | United States | 5 / 6 | $260M |
| Keiyo Gas Co., Ltd. 9539.T | 48 | Elevated | Utilities | Japan | 5 / 6 | $258M |
| Shandong Hi-Speed New Energy Group Limited 1250.HK | 43 | Elevated | Utilities | Hong Kong | 5 / 6 | $258M |
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.