Utilities - Independent Power Producers stocks worldwide, ranked

As of 13 Nov 2026, PTC India (PTC.NS) ranks first in Utilities - Independent Power Producers on MoatMap, with a MoatMap Score of 90/100, among 42 companies in 13 countries worth $200M or more that trade $1M or more a day. A research ranking, not investment advice.

The score reads each company's latest yearly results, so when a whole industry is near the top of its cycle, its companies can rank high together.

Live list, follows each night's scores · scores as of ·How we score stocks

The top 25 Utilities - Independent Power Producers companies by MoatMap Score

#StockYieldP/EScoreQVMStyle · Activity
1
PTC.NS
PTC India Limited
India · $415.8M

Value 91: a high yield and cheap on free cash flow. Quality 70: strong free cash flow and ROIC in the top 15% of its sector. Momentum 32: EPS deteriorating.

Yield 22.6%P/E 8.1
90
Score
70
Q
91
V
32
M
Unloved Quality
2
ISAE4.SA
ISA Energía Brasil S.A.
Brazil · $4B

Value 80: cheap on P/E and a high yield; P/FCF excluded. Quality 62: wide operating margins and a liquid balance sheet. Momentum 44: EPS deteriorating.

Yield 7.0%P/E 5.9
86
Score
62
Q
80
V
44
M
Unloved Quality
3
POW.VN
PetroVietnam Power Corporation - JSC
Vietnam · $1.5B

Value 68: cheap on P/E and cheap on EV/EBITDA. Quality 67: ROIC in the top 5% of its sector and high return on equity. Momentum 49: quarterly earnings growing but EPS deteriorating.

Yield —P/E 5.5
85
Score
67
Q
68
V
49
M
Unloved Quality
4
BANPU.BK
Banpu Public Company Limited
Thailand · $1.3B

Value 70: cheap on EV/EBITDA and cheap on sales. Momentum 68: EPS improving and outperforming the market over 6 months. Quality 46: ROIC in the top 5% of its sector but low gross profitability.

Yield 5.4%P/E —
85
Score
46
Q
70
V
68
M
Second Wind
5
000690.SZ
Guangdong Baolihua New Energy Stock Co., Ltd.
China · $1.7B

Momentum 65: estimates revised up and outperforming the market over 6 months. Value 64: cheap on EV/EBITDA. Quality 53: a liquid balance sheet.

Yield 3.6%P/E 13.0
83
Score
53
Q
64
V
65
M
Full House
6
0836.HK
China Resources Power Holdings Company Limited
Hong Kong · $12.3B

Value 66: cheap on P/E and a high yield. Momentum 57: near its 52-week high but estimates cut. Quality 56: high gross profitability but a tight balance sheet.

Yield 5.4%P/E 8.0
81
Score
56
Q
66
V
57
M
Full House
7
AGL.AX
AGL Energy Limited
Australia · $4.3B

Quality 69: high gross profitability and high return on equity. Value 68: cheap on sales and a high yield. Momentum 39: EPS deteriorating.

Yield 5.5%P/E 8.1
78
Score
69
Q
68
V
39
M
Unloved QualityDir. buy $133K
8
1811.HK
CGN New Energy Holdings Co., Ltd.
Hong Kong · $1.1B

Value 81: cheap on EV/EBITDA and cheap on P/E. Quality 56: F-Score 7/9 but high debt. Momentum 35: quarterly earnings shrinking.

Yield 8.4%P/E 4.2
75
Score
56
Q
81
V
35
M
Unloved Quality
9
0991.HK
Datang International Power Generation Co., Ltd.
China · $6B

Value 84: a high yield and cheap on sales. Quality 46: F-Score 7/9 but a tight balance sheet. Momentum 41: above its moving averages but quarterly earnings shrinking.

Yield 7.3%P/E 7.0
74
Score
46
Q
84
V
41
M
Bargain Bin
10
GUNKUL.BK
Gunkul Engineering Public Company Limited
Thailand · $1.3B

Momentum 74: above its moving averages and outperforming the market over 6 months. Quality 69: F-Score 8/9 and ROIC in the top 15% of its sector. Value 26: expensive on EV/EBITDA.

Yield 2.8%P/E 21.7
72
Score
69
Q
26
V
74
M
Premium Grower
11
BGRIM.BK
B.Grimm Power Public Company Limited
Thailand · $1.5B

Momentum 83: quarterly earnings growing and outperforming the market over 6 months. Quality 46: strong free cash flow but high debt. Value 39: expensive on P/E.

Yield 1.8%P/E 43.9
71
Score
46
Q
39
V
83
M
Hot Air
12
0006.HK
Power Assets Holdings Limited
Hong Kong · $16.5B

Momentum 68: quarterly earnings growing and near its 52-week high. Quality 60: a liquid balance sheet and wide operating margins. Value 34: expensive on sales.

Yield 4.4%P/E 7.8
66
Score
60
Q
34
V
68
M
Premium GrowerDir. buy $15K
13
600863.SS
Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited
China · $5.9B

Quality 62: ROIC in the top 15% of its sector and interest well covered. Momentum 55: outperforming the market over 6 months but quarterly earnings shrinking. Value 46: a high yield.

Yield 4.2%P/E 19.9
66
Score
62
Q
46
V
55
M
Premium Grower
14
CNA.L
Centrica plc
United Kingdom · $9.1B

Value 65: cheap on EV/EBITDA and cheap on sales. Quality 58: high gross profitability but a weak F-Score 4/9. Momentum 35: EPS deteriorating.

Yield 3.7%P/E 10.1
62
Score
58
Q
65
V
35
M
Unloved QualityDir. buy $570KDeep dive →
15
600578.SS
Beijing Jingneng Power Co., Ltd.
China · $5.1B

Value 66: cheap on free cash flow. Quality 56: strong free cash flow but a tight balance sheet. Momentum 36: EPS deteriorating.

Yield 3.4%P/E 12.3
62
Score
56
Q
66
V
36
M
Unloved Quality
16
ADMIE.AT
Admie Holding S.A.
Greece · $1.7B

Momentum 66: above its moving averages and outperforming the market over 6 months. Quality 46: low debt but low gross profitability. Value 38: expensive on sales; P/FCF excluded.

Yield 1.5%P/E 8.6
55
Score
46
Q
38
V
66
M
Hot Air
17
600023.SS
Zhejiang Zheneng Electric Power Co., Ltd.
China · $10.5B

Momentum 61: outperforming the market over 6 months and EPS improving. Quality 44: interest well covered but low gross profitability. Value 44: a high yield but expensive on EV/EBITDA.

Yield 5.7%P/E 25.7
54
Score
44
Q
44
V
61
M
Hot Air
18
600011.SS
Huaneng Power International, Inc.
China · $17.2B

Momentum 54: outperforming the market over 6 months but quarterly earnings shrinking. Value 53: cheap on sales but expensive on P/E. Quality 41: a tight balance sheet.

Yield 5.4%P/E 23.9
53
Score
41
Q
53
V
54
M
Second Wind
19
600674.SS
Sichuan Chuantou Energy Co.Ltd
China · $12.6B

Momentum 74: outperforming the market over 6 months and above its moving averages. Quality 47: wide operating margins but a weak F-Score 3/9. Value 25: expensive on sales.

Yield 2.9%P/E 17.6
51
Score
47
Q
25
V
74
M
Hot Air
20
ADANIENSOL.NS
Adani Energy Solutions Limited
India · $15.7B

Momentum 71: estimates revised up and quarterly earnings growing. Quality 59: ROIC in the top 15% of its sector but weak free cash flow. Value 15: far above book value.

Yield —P/E 47.2
50
Score
59
Q
15
V
71
M
Premium Grower
21
CEG
Constellation Energy Corporation
United States · $89.8B

Quality 66: ROIC in the top 15% of its sector and high return on equity. Momentum 56: estimates revised up but quarterly earnings shrinking. Value 21: expensive on free cash flow.

Yield 0.7%P/E 24.4
49
Score
66
Q
21
V
56
M
Premium GrowerDir. buy $418K
22
VST
Vistra Corp.
United States · $47B

Quality 67: high return on equity and high gross profitability. Momentum 42: quarterly earnings growing but estimates cut. Value 35: far above book value.

Yield 0.2%P/E 16.8
49
Score
67
Q
35
V
42
M
Fallen FavouriteDir. buy $1.2MDir. sell $25.9M
23
GULF.BK
Gulf Development Public Company Limited
Thailand · $27.3B

Momentum 56: estimates revised up but quarterly earnings shrinking. Quality 55: high return on equity but low gross profitability. Value 32: expensive on EV/EBITDA.

Yield 5.3%P/E 12.0
49
Score
55
Q
32
V
56
M
Premium GrowerDir. buy $36.5MDir. sell $49.9M
24
JPPOWER.NS
Jaiprakash Power Ventures Limited
India · $914.6M

Quality 68: strong free cash flow and a liquid balance sheet. Value 53: cheap on free cash flow but expensive on P/E. Momentum 20: EPS deteriorating.

Yield —P/E 25.2
47
Score
68
Q
53
V
20
M
Unloved Quality
25
TA.TO
TransAlta Corporation
Canada · $3.9B

Momentum 59: EPS improving but estimates cut. Quality 47: strong free cash flow but high debt. Value 33: expensive on P/E.

Yield 1.5%P/E 167
45
Score
47
Q
33
V
59
M
Hot AirDir. buy $56K

Ranked by MoatMap Score, the 0 to 100 score of Quality, Value and Momentum, among companies worth $200M or more that trade $1M or more a day, one line per company. Director dealings are director purchases and sales filed in the last 180 days, where MoatMap carries the market's filings.