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In this blog you are going to get full stocks analysis of Gas, Water & Renewable Sector Companies of Europe. Read it full.
Stocks Info of Europe’s Best Gas, Water & Renewable Companies :
| Company | Stock Price (July 2024) | Market Cap | Net Profit (2023) | Stock Index Listing |
|---|---|---|---|---|
| Water & Multi-Utility | ||||
| Acea S.p.A. | ~โฌ14.50 | ~โฌ3.5B | ~โฌ290M | FTSE MIB (Milan) |
| A2A S.p.A. | ~โฌ1.80 | ~โฌ5.6B | ~โฌ550M | FTSE MIB (Milan) |
| Veolia Environnement S.A. | ~โฌ29.50 | ~โฌ20B | ~โฌ1.1B | CAC 40 (Paris) |
| Renewable & Electric | ||||
| Iberdrola S.A. | ~โฌ12.00 | ~โฌ75B | ~โฌ4.8B | IBEX 35 (Madrid) |
| Enel S.p.A. | ~โฌ6.50 | ~โฌ65B | ~โฌ3.6B | FTSE MIB (Milan) |
| Engie S.A. | ~โฌ15.00 | ~โฌ40B | ~โฌ2.2B | CAC 40 (Paris) |
| E.ON SE | ~โฌ12.50 | ~โฌ33B | ~โฌ2.2B | DAX (Frankfurt) |
| Fortum Oyj | ~โฌ15.00 | ~โฌ13B | ~โฌ-1.9B (Loss) | OMX Helsinki |
| Gas Infrastructure | ||||
| Naturgy Energy Group S.A. | ~โฌ24.00 | ~โฌ24B | ~โฌ1.3B | IBEX 35 (Madrid) |
| Italgas S.p.A. | ~โฌ5.20 | ~โฌ5B | ~โฌ450M | FTSE MIB (Milan) |
| Snam S.p.A. | ~โฌ4.50 | ~โฌ15B | ~โฌ1.1B | FTSE MIB (Milan) |
| Grid/Transmission | ||||
| National Grid plc | ~ยฃ10.50 (~โฌ12.40) | ~ยฃ40B (~โฌ47B) | ~ยฃ3.8B (~โฌ4.5B) | FTSE 100 (London) |
Extra References :
Fundamental Analysis of Europe’s Best Gas, Water & renewable Stocks :
| Company | D/E Ratio | P/E Ratio | ROCE |
|---|---|---|---|
| Water & Multi-Utility | |||
| Acea S.p.A. | 1.2x | 12.1x | 8.5% |
| A2A S.p.A. | 0.9x | 10.2x | 9.1% |
| Veolia Environnement | 1.1x | 18.2x | 7.8% |
| Renewable & Electric | |||
| Iberdrola S.A. | 1.4x | 15.6x | 10.3% |
| Enel S.p.A. | 1.8x | 18.0x | 6.9% |
| Engie S.A. | 1.3x | 18.2x | 7.2% |
| E.ON SE | 1.5x | 15.0x | 8.0% |
| Fortum Oyj | 0.7x | N/A (Loss) | -5.2% |
| Gas Infrastructure | |||
| Naturgy Energy Group | 1.6x | 18.5x | 9.5% |
| Italgas S.p.A. | 1.9x | 11.1x | 6.3% |
| Snam S.p.A. | 2.2x | 13.6x | 5.8% |
| Grid/Transmission | |||
| National Grid plc | 1.4x | 10.5x | 12.1% |
Top Picks Summary
- Best Fundamentals: National Grid (Low P/E + High ROCE)
- Growth Potential: Iberdrola (High ROCE + Renewable Focus)
- Value Play: A2A (Low P/E + Low Debt)
Piotroski Analysis of Europe’s Best Gas, Water & Renewable Stocks
(Higher score = stronger financial health)
| Company | Piotroski Score |
|---|---|
| Water & Multi-Utility | |
| Acea S.p.A. | 7 |
| A2A S.p.A. | 8 |
| Veolia Environnement | 7 |
| Renewable & Electric | |
| Iberdrola S.A. | 8 |
| Enel S.p.A. | 6 |
| Engie S.A. | 7 |
| E.ON SE | 7 |
| Fortum Oyj | 4 |
| Gas Infrastructure | |
| Naturgy Energy Group | 6 |
| Italgas S.p.A. | 5 |
| Snam S.p.A. | 5 |
| Grid/Transmission | |
| National Grid plc | 9 |
Top Picks for 2025
1. National Grid plc (Score: 9/9)
- Why to invest ? Best-in-class financial health, stable regulated returns, and massive grid investment plans.
2. Iberdrola S.A. (Score: 8/9)
- Why to invest ? Leader in renewables expansion with strong profitability and growth.
3. A2A S.p.A. (Score: 8/9)
- Why to invest ? High cash generation, low debt, and shareholder-friendly buybacks.
Avoid: Fortum (Score: 4/9) due to lingering Russia-related risks, and Italgas/Snam (Score: 5/9) for high leverage.
Credit Ratings Analysis of Europe’s Best Gas, Water & Renewable Stocks :
| Company | Moody’s | S&P | Fitch | Outlook |
|---|---|---|---|---|
| Water & Utilities | ||||
| Acea S.p.A. | Baa2 | BBB | BBB- | Stable |
| A2A S.p.A. | Baa1 | BBB+ | BBB+ | Positive |
| Veolia Environnement | Baa1 | BBB+ | BBB+ | Stable |
| Power & Renewables | ||||
| Iberdrola S.A. | A3 | A- | A- | Stable |
| Enel S.p.A. | Baa1 | BBB+ | BBB+ | Negative |
| Engie S.A. | A2 | A | A- | Stable |
| E.ON SE | Baa1 | BBB+ | BBB+ | Stable |
| Fortum Oyj | Baa2 | BBB | BBB | Negative |
| Gas Infrastructure | ||||
| Naturgy Energy Group | Baa3 | BBB- | BBB- | Stable |
| Italgas S.p.A. | Baa2 | BBB | BBB | Negative |
| Snam S.p.A. | Baa1 | BBB+ | BBB+ | Stable |
| Transmission | ||||
| National Grid plc | A3 | A- | A- | Stable |
Key Takeaways:
- Strongest Ratings: Engie (A2/A/A-)
- Weakest Ratings: Naturgy (Baa3/BBB-/BBB-)
- Negative Outlooks: Enel, Italgas, Fortum
Final Words : Future Investment Analysis & Outlook for Gas, Water & Renewable Energy Stocks of Europe
| Company | Future Prospects & Financial Strength |
|---|---|
| Acea S.p.A. | Moderate growth, stable due to regulated services. Moderate financial strength (Baa2/BBB/BBB-) |
| A2A S.p.A. | Stronger growth focus on green transition. Strong financials (Baa1/BBB+/BBB+) |
| Veolia Environnement | Stable, international growth in waste/water. Strong financials (Baa1/BBB+/BBB+) |
| Iberdrola S.A. | Excellent in renewables & global presence. Very strong financials (A3/A-/A-) |
| Enel S.p.A. | Solid but under pressure in LatAm. Strong financials (Baa1/BBB+/BBB+) but negative outlook |
| Engie S.A. | Diversified, renewables rising. Very strong financials (A2/A/A-) |
| E.ON SE | Stable regulated business. Strong financials (Baa1/BBB+/BBB+) |
| Fortum Oyj | Under pressure post-Uniper, high volatility. Moderate financials (Baa2/BBB/BBB) with negative outlook |
| Naturgy Energy Group | Stable but limited growth. Moderate financials (Baa3/BBB-/BBB-) |
| Italgas S.p.A. | Stable gas grid business. Moderate financials (Baa2/BBB/BBB) with negative outlook |
| Snam S.p.A. | Stable infrastructure play. Strong financials (Baa1/BBB+/BBB+) |
| National Grid plc | Strong UK/US regulated exposure. Very strong financials (A3/A-/A-) |
Long Term & Short Term Investment Analysis :
| Company | Long-term Investment | Short-term Investment |
| Acea S.p.A. | Good (defensive utility) | Moderate (low volatility) |
| A2A S.p.A. | Good (expanding renewables) | Good (positive outlook) |
| Veolia Environnement | Good (global exposure) | Moderate (sector-sensitive) |
| Iberdrola S.A. | Excellent (clean energy leader) | Good (renewable momentum) |
| Enel S.p.A. | Moderate (watch debt, LatAm risk) | Weak (negative outlook) |
| Engie S.A. | Good (transition leader) | Good (stable performance) |
| E.ON SE | Good (grid operator) | Moderate (low growth) |
| Fortum Oyj | Weak (strategic uncertainty) | Weak (negative outlook) |
| Naturgy Energy Group | Moderate (regulated income) | Weak (low upside) |
| Italgas S.p.A. | Moderate (regulatory dependence) | Weak (negative outlook) |
| Snam S.p.A. | Good (green gas potential) | Moderate (low volatility) |
| National Grid plc | Good (essential services) | Moderate (rate-sensitive) |
Top Picks:
- Iberdrola S.A. โ Strongest long-term renewable growth, solid financials
- Engie S.A. โ Diversified, strong credit, renewables transformation
- A2A S.p.A. โ Green growth, improving credit, good short-term upside
Avoid/Watch Closely:
- Fortum Oyj โ Strategic volatility post-Uniper
- Enel S.p.A. โ Negative credit outlook and LatAm exposure risk
- Italgas/Naturgy โ Conservative income but limited growth
So, that’s it for Europe’s best Gas, Water & Renewable companies stocks. You can read from many fundamentals given here and make sure that which stocks suits you the best.
Happy Investing