ENIC
Enel Chile
$293.96Bn
4.25
-1.16%
+10.10%
Enel Chile operates a regulated electricity distribution franchise serving 2.2 million customers in the Santiago Metropolitan Region, earning revenue through regulated tariffs. This distribution business is a core segment of the company, managing over 18,000 kilometers of medium and low voltage lines.
EQNR
2nd
Equinor Asa
$105.71Bn
42.28
+0.24%
+70.76%
The company develops and operates offshore wind farms and other renewable energy projects, selling electricity under power purchase agreements or government-subsidized schemes.
ENB
2nd
Enbridge
$102.52Bn
46.94
+0.45%
-5.59%
The company operates rate-regulated natural gas utility operations in Ontario, Quebec, Ohio, North Carolina, Utah, Wyoming, and Idaho, delivering gas to residential, commercial, and industrial customers.
SBS
Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp
$87.84Bn
5.14
-0.58%
+5.11%
Sabesp generates the bulk of its revenue from the sale of water and sewage services to residential, commercial, industrial, and governmental customers. It operates as a regulated utility under the state regulator ARSESP, managing water supply and wastewater systems across 371 municipalities.
SU
2nd
Suncor Energy
$82.08Bn
68.77
+0.79%
+63.86%
The company operates an electricity generation business using cogeneration facilities and renewable projects to sell power to the Alberta provincial grid and industrial consumers.
DUK
Duke Energy
$79.81Bn
113.36
+0.00%
-7.69%
Duke Energy operates regulated public utilities (Duke Energy Carolinas, Progress, Florida, Indiana, and Ohio) that provide retail electric service to approximately 8.7 million customers under tariffs set by state utility commissions.
NGG
National Grid
$78.23Bn
75.24
-0.28%
+4.79%
National Grid operates regulated electricity distribution franchises in the UK (serving 20 million people) and the US (New York and New England segments), earning regulated returns on rate-base assets.
TRP
2nd
Tc Energy
$61.09Bn
58.69
-0.14%
+9.78%
The company operates a material power generation business that includes nuclear power plants, selling electricity under long-term contracts or market-based pricing.
AEP
American Electric Power
$58.12Bn
118.20
-0.13%
+7.67%
American Electric Power operates as a public utility holding company with vertically integrated subsidiaries that provide electricity to residential, commercial, and industrial customers under cost-based rates approved by state utility commissions. Its core business model centers on providing electric service via regulated distribution franchises across eleven states.
D
Dominion Energy
$53.03Bn
60.26
-0.71%
-1.08%
Dominion Energy operates regulated electric distribution franchises in Virginia, North Carolina, and South Carolina, serving approximately 4.1 million retail customers. The profile explicitly states that regulated electric utility operations are expected to contribute approximately 90% of earnings.
VST
Vistra
$46.38Bn
138.05
-0.31%
-30.26%
Vistra is an integrated retail electricity and power generation company that sells electricity and natural gas to approximately 5 million customers and into wholesale markets. It operates as a competitive provider in deregulated markets like ERCOT, PJM, and CAISO, earning revenue from retail supply margins and wholesale energy sales rather than regulated tariffs.
XEL
Xcel Energy
$43.33Bn
69.39
-0.59%
-13.32%
Xcel Energy is a regulated electric delivery company serving 3.9 million electric customers through subsidiaries like NSP and PSCo, earning revenues from electric sales volume of 109,401 million kilowatt hours.
FER
2nd
Ferrovial
$40.19Bn
55.77
-0.11%
-2.62%
The Energy segment develops and operates utility-scale renewable electricity generation, specifically solar photovoltaic plants in Texas, Spain, and Poland, selling power via PPAs and wholesale markets.
SRE
Sempra
$36.90Bn
76.89
-1.35%
-14.28%
Sempra's principal businesses are regulated utilities, specifically SDG&E and its equity interest in Oncor, which provide electric distribution and transmission services to residential, commercial, and industrial customers under regulated tariffs.
ETR
Entergy
$36.66Bn
98.11
-0.48%
+4.87%
Entergy operates regulated electricity distribution and transmission franchises serving approximately 3 million residential, commercial, and industrial customers under tariffs approved by state utility commissions. Its primary revenue comes from regulated per-kilowatt-hour rates and fixed connection charges.
WEC
Wec Energy
$33.06Bn
101.46
+0.02%
-11.17%
WEC Energy Group operates several regulated electric utility subsidiaries, such as WE and WPS, providing electricity generation and distribution to retail customers in Wisconsin and Michigan under regulated tariffs.
AXIAY
AXIA Energia
$29.36Bn
10.34
-1.05%
—
AXIA Energia is primarily a power generator with 100% of its capacity from low-emission sources, specifically hydroelectric (97.1% of output), wind, and solar. It sells this electricity through bilateral contracts, auctions, and to Free Market clients.
AEE
Ameren
$27.51Bn
99.40
+0.00%
-4.01%
Ameren operates regulated electric distribution franchises in Missouri and Illinois, delivering power to residential, commercial, and industrial customers under tariffs set by the Missouri Public Service Commission and the Illinois Commerce Commission.
FTS
Fortis
$26.94Bn
53.11
+0.06%
+5.99%
Fortis is a diversified regulated electric utility holding company serving 3.5 million customers through subsidiaries like FortisAlberta, FortisBC Electric, and Newfoundland Power. It earns a regulated return on rate-base assets for delivering electricity to residential, commercial, and industrial users.
ATO
Atmos Energy
$26.53Bn
156.97
-0.24%
-7.42%
Atmos Energy is a natural gas distributor serving approximately 3,400,000 residential, commercial, and industrial customers under rates set by state regulatory authorities. Its Distribution segment is its core business, providing regulated natural gas sales and delivery.
AWK
American Water Works Company
$25.62Bn
128.93
-1.58%
-5.92%
American Water is a water and wastewater utility that provides drinking water and sewage services to approximately 14 million people. Its primary revenue comes from regulated per-kilowatt-hour rates and fixed connection charges through its Regulated Businesses segment, which accounts for 92% of total operating revenues.
DTE
Dte Energy
$25.14Bn
120.82
-0.51%
-14.23%
DTE Energy's primary business is the operation of DTE Electric, a regulated electric utility that generates, transmits, and distributes electricity to residential, commercial, and industrial customers in Michigan under regulated tariffs.
FE
Firstenergy
$24.90Bn
43.04
-0.62%
-5.22%
FirstEnergy operates one of the nation's largest investor-owned electric systems, serving over 6 million residential, commercial, and industrial customers through a regulated retail franchise. Its Distribution segment earns revenues from delivering power to end-use customers under regulated tariffs.
HRNNF
Hydro One
$21.52Bn
35.88
-0.44%
—
Hydro One operates a regulated electricity distribution franchise serving approximately 1.5 million customers in Ontario under tariffs approved by the Ontario Energy Board. Its Distribution Business segment delivers electricity to residential, commercial, and industrial end users through 126,000 circuit kilometres of low-voltage lines.
NRG
Nrg Energy
$20.40Bn
96.99
-3.37%
-41.34%
NRG Energy operates as a retail energy provider selling electricity and natural gas to residential, commercial, and industrial customers in competitive markets. Its revenue is derived from the sale of energy to retail and wholesale customers and capacity market payments, rather than a regulated rate base.
YPF
2nd
Ypf Sociedad Anonima
$20.20Bn
51.35
-1.48%
+102.56%
The company operates a regulated natural gas distribution business through its subsidiary Metrogas, providing distribution services to residential, commercial, and industrial customers.
EIX
Edison International
$19.81Bn
51.47
-2.24%
-6.81%
Southern California Edison (SCE) operates as a regulated public utility delivering electricity to approximately five million residential, commercial, and industrial customers. Its revenue is derived from rates established by the California Public Utilities Commission (CPUC) and the Federal Energy Regulatory Commission (FERC).
CMS
Cms Energy
$19.63Bn
62.61
-0.54%
-13.96%
CMS Energy's primary revenue driver is its Consumers subsidiary, which operates a regulated electric utility franchise in Michigan's Lower Peninsula, generating $5.6 billion in operating revenue from the sale of electricity to residential, commercial, and industrial customers.
CNTHP
Connecticut Light & Power
$19.55Bn
51.99
-0.06%
-2.93%
Connecticut Light & Power is a regulated electric utility that delivers electricity to residential, commercial, and industrial customers under tariffs set by the Connecticut Public Utilities Regulatory Authority (PURA). It earns a regulated return on its invested capital for owning and maintaining the distribution infrastructure within its franchised service area.
NI
Nisource
$18.75Bn
39.10
-0.81%
-9.51%
NiSource operates extensive regulated natural gas distribution networks through its Columbia Operations and NIPSCO Gas segments, serving approximately 3.3 million customers across six states. Its revenue is derived from the sale of natural gas to residential, commercial, and industrial customers under a regulated rate-base model.
PPL
Ppl
$18.54Bn
32.11
+0.19%
-13.40%
PPL operates regulated electricity distribution franchises in Pennsylvania, Kentucky, Virginia, and Rhode Island, delivering power to residential, commercial, and industrial customers under tariffs approved by state public utility commissions.
EVRG
Evergy
$18.35Bn
77.91
-0.17%
+3.80%
Evergy operates as an integrated, regulated electric utility serving residential, commercial, and industrial customers in Kansas and Missouri under regulated rate frameworks. Its core revenue is derived from retail electricity sales within exclusive service territories granted by state regulatory commissions.
LNT
Alliant Energy
$16.25Bn
63.21
-0.61%
-5.35%
Alliant Energy operates as a regulated monopoly providing electric distribution to approximately 1,010,000 retail customers through its subsidiaries IPL and WPL. It earns revenue from regulated per-kilowatt-hour rates and fixed connection charges for residential, commercial, and industrial customers.
CNP
Centerpoint Energy
$15.80Bn
36.62
-0.62%
-6.41%
CenterPoint Energy operates regulated electricity distribution franchises through subsidiaries like Houston Electric and CERC, serving approximately 3,006,945 metered electric customers. Its revenue is derived from regulated per-kilowatt-hour rates and fixed charges established by the Public Utility Commission of Texas.
CIG
Energy Co Of Minas Gerais
$15.03Bn
2.03
-1.93%
-3.79%
CEMIG operates a dominant electricity distribution franchise in Minas Gerais, serving approximately 9.6 million residential, commercial, and industrial customers under regulated tariffs. This distribution activity is a core segment of its business and defines its role as a regulated utility.
TLN
Talen Energy
$14.54Bn
303.50
-0.30%
-27.86%
Talen Energy is explicitly described as an independent power producer that sells electricity, capacity, and ancillary services into competitive wholesale markets at market-based rates. Its revenue comes from energy sales and capacity contracts with regional transmission organizations like PJM and MISO rather than regulated tariffs.
KEP
Korea Electric Power
$14.21Bn
11.07
+0.54%
-16.52%
Korea Electric Power Corporation is an integrated electric utility that owns and operates the transmission and distribution of substantially all electricity in South Korea, selling to residential, commercial, and industrial end users. It functions under government-sanctioned monopoly conditions, delivering power to retail customers across various sectors.
BEP
Brookfield Renewable Partners
$13.01Bn
27.86
-1.73%
+6.30%
The company owns and operates a massive portfolio of utility-scale renewable electricity generation, including hydroelectric, wind, and solar assets. It generates revenue primarily through long-term power purchase agreements (PPAs) with customers like Amazon, Microsoft, and Google.
AA
2nd
Alcoa
$11.15Bn
42.26
-1.42%
+24.84%
The company owns energy assets that generate electricity not only for internal smelting use but also for sale to third parties, contributing to its total revenue.
WTRG
Essential Utilities
$11.05Bn
38.95
-1.49%
-0.43%
The company operates a substantial Regulated Water segment under the Aqua brand, providing water and wastewater services to millions of people. Revenue is generated from metered consumption and rate structures approved by state utility commissions.
AES
Aes
$10.60Bn
14.86
-0.13%
+12.92%
AES operates regulated electric utilities in Indiana, Ohio, and El Salvador, serving approximately 2.7 million residential, commercial, and industrial customers under state-approved tariffs.
OGE
Oge Energy
$9.23Bn
44.68
-0.29%
-2.66%
OGE Energy operates as a vertically integrated electric utility providing electricity to over 913,000 residential, commercial, and industrial customers in Oklahoma and Arkansas. Its rates are regulated by the Oklahoma Corporation Commission and the Arkansas Public Service Commission, earning revenue from regulated retail sales.
ENLT
Enlight Renewable Energy
$9.08Bn
68.75
-1.04%
+133.05%
Enlight Renewable Energy owns and operates utility-scale renewable energy projects across wind and solar, generating revenue from the sale of electricity under long-term power purchase agreements (PPAs). Specific examples include the Crimson Orchard solar and storage facility in Idaho and the CO Bar complex in Arizona.
EAI
Entergy Arkansas
$8.80Bn
18.85
+0.59%
—
Entergy Arkansas operates as a regulated electric utility providing generation, transmission, and distribution to retail customers in Arkansas under tariffs set by the Arkansas Public Service Commission. Its revenue is derived from regulated per-kilowatt-hour rates and fixed charges from residential, commercial, and industrial customers.
PNMXO
Public Service Co Of New Mexico
$8.19Bn
73.75
+1.03%
-6.94%
The company owns and operates two regulated electric utilities, PNM and TNMP, which deliver power to approximately 839,000 residential, commercial, and industrial customers under regulated tariffs. Its revenue is derived from electric operating revenues, including transmission and distribution rates and rate recovery mechanisms approved by regulators.
UGI
Ugi
$7.77Bn
36.24
-0.77%
+9.22%
The company operates a Utilities segment that provides regulated electric and natural gas distribution services to residential, commercial, and industrial customers in Pennsylvania and neighboring states, earning revenue through rates set by public utility commissions.
IDA
Idacorp
$7.45Bn
128.82
-0.74%
-1.44%
Idaho Power operates as a regulated electric utility serving approximately 664,000 retail customers in southern Idaho and eastern Oregon under tariffs set by the Idaho and Oregon Public Utility Commissions. Its revenue is primarily derived from residential, commercial, industrial, and irrigation customer classes.
NFG
2nd
National Fuel Gas
$7.39Bn
77.75
-1.58%
-16.41%
The Utility segment, consisting of National Fuel Gas Distribution Corporation, delivers natural gas to approximately 756,000 residential, commercial, and industrial customers under a regulated cost of service model.
ELPC
Energy Co Of Parana
$7.38Bn
12.05
-1.47%
+34.49%
Copel operates a massive regulated electricity distribution franchise under concessions from ANEEL, serving residential, industrial, commercial, and rural customers across 394 municipalities in Paraná.
BIPH
2nd
Brookfield Infrastructure Partners
$7.02Bn
15.24
-1.23%
-10.41%
The company operates regulated electricity and natural gas transmission and distribution franchises in Brazil, India, and South Korea, earning a return on a regulated rate base.
OKLO
Oklo
$6.87Bn
37.11
-2.47%
-68.15%
Oklo owns and operates advanced fission power plants (powerhouses) to generate electricity and heat, selling this output under long-term power purchase agreements to customers like Meta Platforms and Switch Ltd. Its core business is defined by its fleet of small modular fast fission reactors.
CWEN
Clearway Energy
$6.32Bn
29.21
-1.95%
+2.96%
Clearway Energy owns and operates a large portfolio of utility-scale renewable assets, including the Alta I-V wind facilities and Luna Valley solar, selling output via power purchase agreements to utilities and corporations.
ORA
Ormat Technologies
$5.56Bn
90.37
-3.47%
-5.43%
Ormat owns and operates utility-scale geothermal and solar PV power plants, selling electricity under long-term power purchase agreements (PPAs) to utilities like NV Energy and Kenya Power and Lighting Co. Ltd.
BEPC
Brookfield Renewable
$5.44Bn
27.95
-1.86%
-19.64%
The company's core business is owning and operating a diversified portfolio of utility-scale hydroelectric, wind, and solar power facilities. It generates revenue primarily from the sale of electricity produced by these renewable assets through long-term power purchase agreements with utilities and corporate customers like Google.
SCE-PG
Southern California Edison
$5.34Bn
16.37
-0.43%
—
Southern California Edison operates as an investor-owned public utility delivering electricity to homes, businesses, and public facilities under rates set by the California Public Utilities Commission. Its revenue is derived from regulated per-kilowatt-hour rates and fixed charges, earning a regulated return on its rate-base assets.
BKH
Black Hills
$5.32Bn
69.74
-1.09%
+14.10%
The company's core business involves the generation, transmission, and distribution of electricity to residential, commercial, and industrial customers under regulated tariffs approved by state utility commissions. This is explicitly described as its Electric Utilities segment, which serves customers in Colorado, Montana, South Dakota, and Wyoming.
TXNM
Txnm Energy
$5.25Bn
58.23
-0.51%
+2.93%
TXNM operates two regulated electric utilities, PNM and TNMP, providing electricity services to approximately 844,000 residential, commercial, and industrial customers. It earns revenue through regulated per-kilowatt-hour rates and tariffs approved by the New Mexico Public Regulation Commission and the Public Utility Commission of Texas.
POR
Portland General Electric
$5.12Bn
44.18
-5.70%
+1.87%
Portland General Electric is a vertically integrated electric utility that sells electricity to residential, commercial, and industrial customers under regulated rates approved by the Oregon Public Utility Commission. Its core revenue is derived from these retail sales within its regulated service territory.
NJR
New Jersey Resources
$5.11Bn
50.41
-0.47%
+5.04%
The company's principal business is the distribution of natural gas through a regulated utility serving residential and commercial customers in several New Jersey counties, regulated by the New Jersey Board of Public Utilities.
RNW
ReNew Energy Global
$4.99Bn
6.84
+0.00%
-11.86%
ReNew Energy Global owns and operates utility-scale wind, solar, and hydro power plants, selling electricity through long-term power purchase agreements to government agencies and commercial consumers. Its core business is defined by its commissioned capacity across these renewable energy assets.
PCG
Pg&E
$4.75Bn
11.94
-3.16%
-20.72%
PG&E operates a regulated electric distribution franchise in Northern and Central California, serving 5.5 million accounts under rates approved by the California Public Utilities Commission. Its Electric segment encompasses the full integrated chain of generation, transmission, and distribution.
HASI
2nd
HA Sustainable Infrastructure Capital
$4.64Bn
36.25
-0.58%
+17.35%
The company owns and operates utility-scale renewable energy projects, including solar, solar-plus-storage, and wind, selling output via power purchase agreements (PPAs) to utilities and wholesale markets.
OGS
ONE Gas
$4.50Bn
71.67
-0.21%
-11.29%
ONE Gas operates as a regulated public utility delivering natural gas to residential, commercial, and transportation customers in Oklahoma, Kansas, and Texas. Its revenue is derived from natural gas sales and delivery charges under rate-regulated frameworks overseen by state commissions.
NWE
NorthWestern Energy
$4.19Bn
68.06
-1.13%
+17.12%
NorthWestern Energy operates as a regulated electric utility delivering power to approximately 850,300 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park under regulated tariffs. Its electric utility operations segment involves the generation, purchase, transmission, and distribution of electricity to retail customers.
PAM
2nd
Pampa Energy
$4.16Bn
76.56
-1.57%
+26.75%
The company operates power generation activities and sells capacity and energy to wholesale and retail customers, with financial performance tied to market prices for electricity.
MDU
Mdu Resources
$3.90Bn
18.53
-1.23%
+4.34%
The company operates an Electric segment that generates, transmits, and distributes electricity to retail, commercial, and industrial customers under a regulated rate base. This is presented as a core part of its identity as a regulated energy delivery company.
AQN
Algonquin Power & Utilities
$3.84Bn
5.00
+0.20%
-7.41%
The company operates a diversified portfolio of regulated electricity distribution franchises serving 310,000 electric connections across the US, Canada, Bermuda, and Chile. It earns revenue from regulated per-kilowatt-hour rates and fixed connection charges approved by authorities like the CPUC and NHPUC.
OTTR
Otter Tail
$3.72Bn
88.51
-0.93%
+8.41%
Otter Tail operates a regulated electric utility providing generation, transmission, and distribution services to approximately 134,000 customers in Minnesota, North Dakota, and South Dakota. Revenue is generated from the sale of electricity to residential, commercial, and industrial customers under a regulated rate base.
TAC
Transalta
$3.51Bn
11.82
+2.52%
-13.53%
TransAlta is a power generator that sells electricity to wholesale markets, utilities, and commercial customers, with a significant portion of its revenue coming from merchant assets and energy marketing. Its Gas segment operates 4,834 megawatts of capacity and its Energy Transition segment includes a merchant contract with Puget Sound Energy, fitting the profile of an Independent Power Producer.
KEN
Kenon Holdings
$3.36Bn
64.46
+0.77%
+44.56%
Kenon Holdings operates as a global independent power producer through OPC, owning natural gas-fired plants like Rotem and Fairview and selling electricity into wholesale markets (PJM, NYISO, ISO-NE) and via retail supply to commercial and industrial customers. Its revenue is driven by market prices, bilateral power purchase agreements, and retail supply margins rather than a regulated rate base.
AWR
American States Water
$3.23Bn
81.41
-1.73%
+13.32%
The company's primary business is providing regulated water purchase, production, distribution, and sale, as well as wastewater collection and treatment services through Golden State Water Company.
CPK
Chesapeake Utilities
$3.07Bn
127.17
-1.27%
-5.98%
The company's primary business is the delivery of electricity and natural gas to residential, commercial, and industrial customers under regulated rates set by state public service commissions. This is evidenced by its Regulated Energy segment, which includes subsidiaries like Florida Public Utilities and Delmarva Natural Gas.
AVA
Avista
$2.91Bn
34.80
-0.91%
-7.32%
Avista operates regulated electric distribution and transmission franchises in Washington, Idaho, Oregon, Montana, and Alaska, serving residential, commercial, and industrial customers under regulatory frameworks.
CWT
California Water Service
$2.82Bn
45.65
-1.19%
+0.64%
The company's principal operation is the ownership and regulation of water utility services, specifically the purchase, treatment, storage, and distribution of potable water. Revenue is derived from the sale of water to residential, commercial, industrial, and public authority customers under rate schedules approved by state public utility commissions.
FRMI
2nd
Fermi
$2.72Bn
4.26
-5.75%
-86.90%
The company provides grid-independent energy generation via on-site natural gas-fired generation and battery storage to its tenants. This power is sold as part of the lease structure based on reserved power capacity (dollars per kilowatt per month) outside of a regulated utility rate base.
MGEE
Mge Energy
$2.60Bn
68.93
-1.61%
-17.61%
MGE Energy operates a regulated electric utility through its subsidiary Madison Gas and Electric Company, serving approximately 170,000 customers in Dane County. This segment accounts for about 72% of total regulated revenues, delivering power under a regulated framework.
HTO
H2O America
$2.57Bn
61.37
-1.45%
+27.85%
H2O America owns and operates regulated water and wastewater utilities, including San Jose Water Company and Connecticut Water Company. Its primary revenue is derived from the sale of water and wastewater services to residential, commercial, and industrial customers under regulated tariffs.
SR
Spire
$2.52Bn
76.87
-0.44%
-5.55%
Spire operates regulated natural gas distribution franchises through subsidiaries like Spire Missouri and Spire Alabama, delivering gas to residential, commercial, and industrial customers under regulated tariffs.
BKV
2nd
Bkv
$2.40Bn
21.90
+0.32%
-7.75%
The company operates a Power Generation segment via a joint venture with two combined cycle plants in the ERCOT North Zone, selling electricity to wholesale markets and retail customers.
WELPP
Wisconsin Electric Power
$2.10Bn
63.00
+0.00%
-5.55%
The company is a regulated utility providing electric service to approximately 1.18 million retail and wholesale customers in Wisconsin under a regulated monopoly position. Its revenue is primarily derived from the sale of electricity to these retail customers.
RUN
2nd
Sunrun
$1.84Bn
7.67
-5.43%
-56.86%
Sunrun owns and operates a fleet of deployed solar systems and generates recurring revenue by selling solar electricity to customers via power purchase agreements.
CEPU
Central Puerto
$1.83Bn
12.08
-8.62%
+45.72%
Central Puerto is a private electricity generation company that sells power to the wholesale market administered by CAMMESA and through long-term agreements with utilities. Its thermal segment, including combined cycle plants like the Brigadier López expansion, fits the profile of an independent power producer selling electricity outside a regulated retail rate base.
FCEL
2nd
Fuelcell Energy
$1.29Bn
16.14
-2.12%
+107.45%
The company's Generation segment owns and operates fuel cell power plants that sell electricity to utilities and off-takers under power purchase agreements, such as those with Southern California Edison and the New York Power Authority.
AMRC
2nd
Ameresco
$1.07Bn
20.31
-5.53%
-40.54%
The company owns and operates small-scale renewable energy assets, including solar and biogas plants, and sells the resulting electricity and renewable natural gas under long-term agreements.
MSEX
Middlesex Water
$988.32Mn
52.45
-1.91%
-1.69%
Middlesex Water Company owns and operates regulated water and wastewater systems, providing services to approximately 131,000 retail and wholesale customers. Its revenue is generated through the sale of water and wastewater services to residential, commercial, and industrial customers, as well as through municipal contracts for system management.
XIFR
XPLR Infrastructure
$976.67Mn
10.36
-1.71%
+0.58%
XPLR Infrastructure owns and operates a portfolio of wind and solar projects with ten gigawatts of capacity. It generates revenue by selling electricity and renewable energy attributes to utilities and wholesale customers via long-term power purchase agreements.
UTL
Unitil
$917.68Mn
50.35
-1.24%
+6.22%
Unitil operates regulated electricity distribution franchises through Unitil Energy and Fitchburg Gas and Electric Light Company, serving approximately 110,100 customers in New Hampshire and Massachusetts. This segment contributed 44% of the company's total operating revenue.
NRGV
2nd
Energy Vault Holdings
$728.76Mn
4.05
-8.16%
+34.11%
Through its Asset Vault platform, the company develops, owns, and operates energy storage assets, generating revenue from the operation of these assets under power purchase agreements and market participation.
CSIQ
2nd
Canadian Solar
$706.58Mn
10.42
-3.52%
-19.29%
Through its Recurrent Energy segment, the company owns and operates solar and battery storage projects to generate recurring revenue from electricity sales.
HNRG
Hallador Energy
$678.40Mn
14.39
-2.24%
-25.67%
Hallador operates the Merom Power Plant, a 1080 megawatt coal-fired facility, selling wholesale electricity and accredited capacity to utilities and market participants in the MISO region. It operates as an independent power producer selling at market prices and via bilateral contracts rather than under a regulated retail tariff.
YORW
York Water
$496.89Mn
30.62
-1.16%
+0.66%
The company's core business is the impounding, purifying, and distributing of water, as well as operating wastewater collection and treatment facilities. It generates revenue from the sale of water and wastewater services to residential, commercial, and industrial customers under a regulatory framework overseen by the Pennsylvania Public Utility Commission.
BIPC
Brookfield Infrastructure
$453.24Mn
34.83
-0.40%
-15.85%
The company operates a regulated distribution operation in the United Kingdom providing last-mile electricity connections to residential and commercial customers under regulated tariffs. This activity is a core component of its revenue and operational structure.
CWCO
Consolidated Water
$440.49Mn
27.53
-1.18%
-21.30%
The company operates as a water utility, producing potable water from seawater via reverse osmosis and selling it to residential, commercial, and government customers under an exclusive retail license in the Cayman Islands. It also supplies bulk water to government-owned utilities in The Bahamas and the British Virgin Islands.
DGXX
2nd
Digi Power X
$415.85Mn
4.22
-8.06%
+76.57%
The company owns and operates a 60 MW gas-fired peaker plant in North Tonawanda that provides electrical power to the grid during times of peak demand.
MNTK
2nd
Montauk Renewables
$401.08Mn
2.80
-4.44%
+37.25%
The company operates a Renewable Electricity Generation segment that produces electricity from biogas using engines or turbines. This electricity is sold under long-term power purchase agreements to municipal and investor-owned utilities, such as the City of Anaheim.
NPWR
Net Power
$350.73Mn
1.56
-5.45%
-50.63%
Net Power owns and operates power generation facilities, such as its 50 megawatt thermal facility, and intends to sell electricity via wholesale markets, merchant sales, and long-term power purchase agreements. Its revenue model is based on selling electricity and capacity outside of a regulated rate base, which aligns with the Independent Power Producer classification.
FIP
2nd
FTAI Infrastructure
$341.55Mn
2.89
-7.37%
-35.20%
The Power and Gas segment operates a 485-megawatt power plant at the Long Ridge terminal, selling electricity to local electricity markets and traders.
FISN
2nd
Deep Fission
$323.82Mn
5.42
-13.28%
—
The company intends to maintain project-level equity ownership of its Gravity Reactor facilities to receive cash flows from electricity sales under long-term power purchase agreements, effectively operating as a nuclear power producer.
EDN
Edenor
$313.80Mn
20.18
-5.39%
+24.88%
Edenor holds an exclusive concession to distribute electricity to residential, commercial, and industrial customers in the Buenos Aires area. Its revenue is generated from the sale of electricity under regulated tariffs approved by the national energy regulator.
ARTNA
Artesian Resources
$310.68Mn
32.89
-1.08%
+2.14%
Artesian Resources is a public water utility that distributes and sells water and provides wastewater collection, treatment, and disposal services to residential, commercial, and industrial customers. Its primary revenue is generated from the sale of these water and wastewater services under regulated franchises.
ELLO
Ellomay Capital
$302.91Mn
21.98
+0.00%
+24.39%
The company's primary revenue is generated from the sale of electricity produced by its operating solar power plants in Spain, Italy, and the USA, as well as its development of a pumped storage hydro power plant in Israel.
WAVE
Eco Wave Power Global AB (publ)
$297.12Mn
6.36
+5.12%
-24.11%
The company develops wave energy converter technology to produce clean electricity and intends to operate power stations under a 'Build Own Operate' model, selling electricity via long-term power purchase agreements to utilities like the Israeli Electric Corporation.
PCYO
Pure Cycle
$263.38Mn
10.93
+0.55%
-0.46%
Pure Cycle operates as a water and wastewater service provider, supplying wholesale potable and non-potable water and wastewater treatment to municipal, commercial, and industrial customers. Revenue is generated from metered water usage fees, wastewater treatment charges, and tap fees.
GWRS
Global Water Resources
$228.92Mn
7.95
-1.85%
-22.06%
Global Water Resources owns and operates 39 water, wastewater, and recycled water public utility systems. It generates revenue from water sales and wastewater treatment for residential, commercial, and industrial customers under the regulatory authority of the Arizona Corporation Commission.
RGCO
Rgc Resources
$225.03Mn
21.60
+1.50%
-3.01%
The company's primary operations involve the regulated distribution and sale of natural gas to residential, commercial, and industrial customers through its subsidiary, Roanoke Gas. It operates under exclusive franchises and CPCNs with rates overseen by the State Corporation Commission (SCC).
ANNA
2nd
AleAnna
$174.03Mn
2.60
-4.06%
-38.24%
The company currently generates and sells electricity from its anaerobic digester sites to the state-owned utility Gestore dei Servizi Energetici SpA while those assets are being upgraded to biomethane production.
ACRG
2nd
American Clean Resources
$98.71Mn
7.00
+0.00%
+250.00%
The company plans to develop the ACRG Greenway to Power Renewable Energy Industrial Park, which includes a 2 GW solar farm intended to generate revenue through energy sales.
TGEN
2nd
Tecogen
$95.37Mn
3.16
+4.98%
-61.51%
Through its Energy Production segment, the company owns and operates distributed generation systems at customer sites and sells electricity, heat, and cooling under long-term contracts at competitive market-based prices.
NFE
2nd
New Fortress Energy
$37.01Mn
6.48
-4.99%
+222.39%
The company provides power generation services under long-term power purchase agreements and manages thermal generation assets, such as those operated for the Puerto Rico Electric Power Authority.
SPRU
Spruce Power Holding
$34.84Mn
1.81
-7.18%
-19.56%
Spruce Power owns and operates a portfolio of distributed solar energy assets with a combined capacity of 509 MWdc. It generates revenue through the sale of electricity to homeowners via power purchase agreements (PPAs) and the sale of solar renewable energy credits (SRECs).
BGDE
2nd
Big Digital Energy
$29.71Mn
5.26
-8.68%
-46.33%
The company operates an energy management business that participates in demand response and grid stability programs in the PJM market, earning payments from grid operators for adjusting power usage.
VIP
2nd
Vulcan Infrastructure & Power
$29.01Mn
1.61
-1.23%
-5.29%
The company owns and operates a 106 megawatt natural gas power generation facility that sells electricity, capacity, and ancillary services into the wholesale market via the New York Independent System Operator (NYISO).
BESS
Bimergen Energy
$18.74Mn
2.64
-3.65%
-34.33%
Bimergen Energy is a developer of utility-scale solar energy projects and battery energy storage systems. It intends to generate revenue through power purchase agreements and the sale of stored energy to utilities and commercial customers.
GEBRF
2nd
Greenbriar Sustainable Living
$15.11Mn
0.37
+0.00%
+5.71%
The company develops and operates solar and battery photovoltaic facilities, such as the Montalva Solar Project. It generates revenue by selling electricity under long-term power purchase agreements with the Puerto Rico Electric Power Authority.
NXXT
Nextnrg
$14.77Mn
0.88
+3.53%
-53.93%
NextNRG owns and operates solar plus battery storage microgrids and sells the produced electricity through power purchase agreements to commercial, institutional, and government customers, such as Sunnyside Nursing and Post-Acute Care Center.
PBK
Powerbank
$12.40Mn
0.26
+0.00%
-83.54%
PowerBank operates as an independent power producer that owns and operates solar power plants, generating revenue from electricity sales under power purchase agreements and other offtake arrangements.
QWTR
2nd
Quest Water Global
$6.60Mn
0.05
+0.00%
+0.00%
The company operates under a 'build own operate' model where it retains ownership of installed AQUAtap™ systems and sells the purified water directly to end users and community programs, functioning as a water utility provider.
BRNX
2nd
Brenx
$31.34K
2.30
-7.63%
-99.36%
The company operates an 'Energy as a Service' model where it installs, operates, and maintains systems to sell produced energy, such as steam or hot air, under long-term contracts to users like power utilities.
ASRE
Astra Energy
$0.00
0.00
—
-100.00%
Astra Energy develops and operates utility-scale renewable projects, specifically a 42.5MW solar farm on Zanzibar and waste-to-energy systems, selling electricity to the local grid under power purchase agreements.
CBDW
2nd
1606
$0.00
0.00
—
—
The company is pursuing the acquisition of a 55 megawatt power generation facility in Texas and anticipates future income from electricity sales.
CPWR
Ocean Thermal Energy
$0.00
0.00
—
—
The company develops utility-scale renewable energy systems (OTEC) to generate clean baseload electricity for sale via long-term power purchase agreements. Its core business is the generation of electricity from a renewable ocean thermal source.
MMEX
2nd
MMEX Resources
$0.00
0.00
—
—
The Trans Permian H2Hub segment involves a natural gas to power project that will sell electricity to data centers and the ERCOT wholesale market, operating as a merchant power producer.