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Best Utilities Independent Power Producers stocks by quality

Of the 60 stocks listed here, none currently reaches the maximum quality score. The median valuation of the group comes out at 11.5 times its free cash flow.

The Utilities Independent Power Producers stocks with the highest scores from our fundamental analysis, ranked from best to worst quality, with their valuation (P/FCF). Click a stock for its full analysis.

#StockQuality scoreP/FCF
1Adani Power Limited (ADANIPOWER.NS)8/10n.d.
2Univentures Public Company Limited (UV.BK)7/100.5x
3Thac Mo Hydro Power Joint Stock Company (TMP.VN)7/108.1x
4IZDEMIR Enerji Elektrik Uretim A.S. (IZENR.IS)7/104.0x
5Hallador Energy Co (HNRG)7/10n.d.
6CK Power Public Company Limited (CKP.BK)7/104.1x
7B.Grimm Power Public Company Limited (BGRIM.BK)7/103.6x
8Admie Holding S.A. (ADMIE.AT)7/10n.d.
9Adani Energy Solutions Limited (ADANIENSOL.NS)7/10n.d.
10Sunpower Group Ltd. (5GD.SI)7/105.1x
11Vistra Corp (VST)6/1028.4x
12Torrent Power Limited (TORNTPOWER.NS)6/10n.d.
13Talen Energy Corp (TLN)6/1018.0x
14The Tata Power Company Limited (TATAPOWER.NS)6/10n.d.
15Pha Lai Thermal Power Joint Stock Company (PPC.VN)6/109.4x
16PetroVietnam Power Corporation - JSC (POW.VN)6/10n.d.
17Nava Nakorn Public Company Limited (NNCL.BK)6/1016.3x
18Kenon Holdings Ltd (KEN)6/10n.d.
19PT Kencana Energi Lestari Tbk (KEEN.JK)6/1014.9x
20JSW Energy Limited (JSWENERGY.NS)6/10n.d.
21Jaiprakash Power Ventures Limited (JPPOWER.NS)6/1011.3x
22Gunkul Engineering Public Company Limited (GUNKUL.BK)6/1023.9x
23Gulf Development Public Company Limited (GULF.BK)6/10n.d.
24Aksa Enerji Üretim A.S. (AKSEN.IS)6/10n.d.
25KYUDEN Holdings Inc. (9508.T)6/102.3x
26Sichuan Chuantou Energy Co.Ltd (600674.SS)6/10n.d.
27Beijing Jingneng Power Co., Ltd. (600578.SS)6/106.1x
28SL Gemini Energy Co., Ltd (2481.HK)6/102.0x
29Jilin Province Chuncheng Heating Company Limited (1853.HK)6/105.4x
30Tianjin Tianbao Energy Co., Ltd. (1671.HK)6/102.0x
31Xinda Investment Holdings Limited (1281.HK)6/101.5x
32Power Assets Holdings Limited (0006.HK)6/10145.8x
33Vedanta Power Limited (VEDPOWER.NS)5/1027.6x
34Thac Ba Hydropower Joint Stock Company (TBC.VN)5/109.6x
35Rojana Industrial Park Public Company Limited (ROJNA.BK)5/104.4x
36PTC India Limited (PTC.NS)5/101.6x
37PT Cikarang Listrindo Tbk (POWR.JK)5/108.9x
38Oklo Inc (OKLO)5/10n.d.
39Maxim Power Corp. (MXG.TO)5/1015.5x
40Datang International Power Generation Co., Ltd. (601991.SS)5/1013.1x
41Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited (600863.SS)5/1011.7x
42CGN Power Co., Ltd. (1816.HK)5/10n.d.
43Datang International Power Generation Co., Ltd. (0991.HK)5/105.6x
44China Resources Power Holdings Company Limited (0836.HK)5/10n.d.
45CGN Power Co., Ltd. (003816.SZ)5/10n.d.
46Dogu Aras Enerji Yatirimlari AS (ARASE.IS)4/9n.d.
47RattanIndia Power Limited (RTNPOWER.NS)4/1013.1x
48NRG Energy Inc (NRG)4/10n.d.
49Electricity Generating Public Company Limited (EGCO.BK)4/1022.7x
50Digi Power X Inc. (DGXX)4/10n.d.
51Centrica plc (CNA.L)4/1050.8x
52Constellation Energy Corp (CEG)4/1085.2x
53Çates Elektrik Üretim Anonim Sirketi (CATES.IS)4/1016.9x
54Banpu Power PCL (BPP.BK)4/10369.2x
55AGL Energy Limited (AGL.AX)4/10n.d.
56Dalian Thermal Power Co.,Ltd. (600719.SS)4/10n.d.
57Zhejiang Zheneng Electric Power Co., Ltd. (600023.SS)4/1016.6x
58CGN New Energy Holdings Co., Ltd. (1811.HK)4/1019.6x
591414 Degrees Limited (14D.AX)4/10n.d.
60Guangdong Baolihua New Energy Stock Co., Ltd. (000690.SZ)4/1010984.5x

Our quality score judges how solid a business is across 10 objective financial criteria (profitability, free cash flow growth, share buybacks, debt, return on capital). The P/FCF (price to free cash flow) shows whether the stock is cheap or expensive. Full method: our methodology.

To place these multiples against sector averages, the reference public sector data is Aswath Damodaran's (NYU Stern).

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