Sector ยท Oct 2026
Utility stocks ranked by gap to the model's fair value
Faircurve's model values 56 utility stocks. 49 of them are ranked below by the gap between the model's fair value and the last close, as of 31 Oct 2026: 6 read as Undervalued, 40 as Fairly valued and 3 as Overvalued. The median gap across the ranked names is +0.4%. The widest gaps above the price are POR (+35.5%), UTL (+27.2%), AVA (+26.4%). The widest below it are ORA (-35.0%), SR (-21.5%), ETR (-15.5%).
Valuations as of . Prices are the closes of 3 Nov 2026. The gap is the model's fair value against the price: a positive gap means the fair value is above the price. It states what the model concluded, not where the price goes next.
The ranking
| Rank | Company | Last close | Model fair value | Gap | Model verdict | Quality score | Market value |
|---|---|---|---|---|---|---|---|
| 1 | POR Portland General Electric CompanyRegulated Electric | $45.06 | $61.04 | +35.5% | Undervalued | 54 | $5.2B |
| 2 | UTL Unitil CorporationDiversified Utilities | $54.84 | $69.76 | +27.2% | Undervalued | 67 | $1.0B |
| 3 | AVA Avista CorporationDiversified Utilities | $38.11 | $48.16 | +26.4% | Undervalued | 59 | $3.1B |
| 4 | PCG PG&E CorporationRegulated Electric | $13.29 | $16.71 | +25.7% | Undervalued | 28 | $35.3B |
| 5 | UGI UGI CorporationRegulated Gas | $38.16 | $45.73 | +19.8% | Undervalued | 70 | $8.3B |
| 6 | VST Vistra Corp.Independent Power Producers | $139.59 | $167.26 | +19.8% | Undervalued | 63 | $46.4B |
| 7 | HE Hawaiian Electric Industries, Inc.Regulated Electric | $8.39 | $9.62 | +14.7% | Fairly valued | 42 | $1.5B |
| 8 | NWN Northwest Natural Holding CompanyRegulated Gas | $50.20 | $56.78 | +13.1% | Fairly valued | 58 | $2.1B |
| 9 | OGE OGE Energy Corp.Regulated Electric | $49.11 | $54.96 | +11.9% | Fairly valued | 74 | $10.2B |
| 10 | OGS ONE Gas, Inc.Regulated Gas | $81.03 | $90.09 | +11.2% | Fairly valued | 66 | $4.9B |
| 11 | FE FirstEnergy Corp.Regulated Electric | $47.19 | $52.34 | +10.9% | Fairly valued | 58 | $27.1B |
| 12 | DTE DTE Energy CompanyRegulated Electric | $134.26 | $144.94 | +8.0% | Fairly valued | 51 | $28.2B |
| 13 | PPL PPL CorporationRegulated Electric | $35.71 | $38.50 | +7.8% | Fairly valued | 52 | $26.8B |
| 14 | DUK Duke Energy CorporationRegulated Electric | $126.51 | $135.21 | +6.9% | Fairly valued | 55 | $99.3B |
| 15 | D Dominion Energy, Inc.Regulated Electric | $66.78 | $69.44 | +4.0% | Fairly valued | 48 | $58.6B |
| 16 | MGEE MGE Energy, Inc.Regulated Electric | $73.93 | $76.61 | +3.6% | Fairly valued | 69 | $2.8B |
| 17 | AEE Ameren CorporationRegulated Electric | $110.37 | $114.00 | +3.3% | Fairly valued | 60 | $30.6B |
| 18 | PNW Pinnacle West Capital CorporationRegulated Electric | $107.74 | $111.18 | +3.2% | Fairly valued | 48 | $12.9B |
| 19 | AWR American States Water CompanyRegulated Water | $86.87 | $89.58 | +3.1% | Fairly valued | 83 | $3.4B |
| 20 | NJR New Jersey Resources CorporationRegulated Gas | $53.64 | $54.86 | +2.3% | Fairly valued | 67 | $5.4B |
| 21 | AEP American Electric Power Company, Inc.Regulated Electric | $129.86 | $132.02 | +1.7% | Fairly valued | 76 | $70.9B |
| 22 | BKH Black Hills CorporationRegulated Gas | $82.20 | $83.40 | +1.5% | Fairly valued | 60 | $6.3B |
| 23 | ED Consolidated Edison, Inc.Regulated Electric | $116.81 | $118.13 | +1.1% | Fairly valued | 50 | $43.0B |
| 24 | EXC Exelon CorporationRegulated Electric | $45.50 | $45.70 | +0.4% | Fairly valued | 36 | $47.6B |
| 25 | CPK Chesapeake Utilities CorporationRegulated Gas | $138.05 | $138.61 | +0.4% | Fairly valued | 62 | $3.3B |
| 26 | WTRG Essential Utilities, Inc.Regulated Water | $44.04 | $43.53 | -1.2% | Fairly valued | 40 | $12.3B |
| 27 | MDU MDU Resources Group, Inc.Regulated Gas | $19.65 | $19.32 | -1.7% | Fairly valued | 37 | $4.1B |
| 28 | CWT California Water Service GroupRegulated Water | $49.11 | $48.12 | -2.0% | Fairly valued | 34 | $3.0B |
| 29 | ATO Atmos Energy CorporationRegulated Gas | $173.77 | $169.20 | -2.6% | Fairly valued | 61 | $29.1B |
| 30 | AWK American Water Works Company, Inc.Regulated Water | $146.42 | $142.31 | -2.8% | Fairly valued | 44 | $28.7B |
| 31 | SO The Southern CompanyRegulated Electric | $93.75 | $90.42 | -3.6% | Fairly valued | 58 | $107.8B |
| 32 | WEC WEC Energy Group, Inc.Regulated Electric | $115.40 | $110.16 | -4.5% | Fairly valued | 69 | $37.8B |
| 33 | SRE SempraDiversified Utilities | $85.36 | $81.00 | -5.1% | Fairly valued | 18 | $56.3B |
| 34 | NI NiSource IncRegulated Gas | $44.62 | $42.20 | -5.4% | Fairly valued | 50 | $21.4B |
| 35 | EVRG Evergy, Inc.Regulated Electric | $85.45 | $80.44 | -5.9% | Fairly valued | 49 | $19.8B |
| 36 | MSEX Middlesex Water CompanyRegulated Water | $57.64 | $54.08 | -6.2% | Fairly valued | 54 | $1.1B |
| 37 | NWE Northwestern Energy Group IncRegulated Electric | $79.95 | $74.06 | -7.4% | Fairly valued | 39 | $4.9B |
| 38 | CMS CMS Energy CorporationRegulated Electric | $70.00 | $64.16 | -8.3% | Fairly valued | 32 | $22.0B |
| 39 | CEG Constellation Energy CorporationIndependent Power Producers | $263.40 | $241.09 | -8.5% | Fairly valued | 52 | $93.0B |
| 40 | XEL Xcel Energy Inc.Regulated Electric | $78.76 | $71.87 | -8.7% | Fairly valued | 30 | $49.9B |
| 41 | CNP CenterPoint Energy, Inc.Regulated Electric | $42.53 | $38.58 | -9.3% | Fairly valued | 39 | $28.1B |
| 42 | IDA IDACORP, Inc.Regulated Electric | $145.12 | $131.61 | -9.3% | Fairly valued | 47 | $8.4B |
| 43 | SWX Southwest Gas Holdings, Inc.Regulated Gas | $93.13 | $83.74 | -10.1% | Fairly valued | 21 | $6.7B |
| 44 | HTO H2O AmericaRegulated Water | $60.64 | $54.31 | -10.4% | Fairly valued | 34 | $2.9B |
| 45 | NEE NextEra Energy, Inc.Regulated Electric | $84.33 | $73.52 | -12.8% | Fairly valued | 39 | $175.6B |
| 46 | LNT Alliant Energy CorporationRegulated Electric | $72.12 | $61.89 | -14.2% | Fairly valued | 33 | $18.6B |
| 47 | ETR Entergy CorporationRegulated Electric | $108.92 | $92.02 | -15.5% | Overvalued | 28 | $52.6B |
| 48 | SR Spire Inc.Regulated Gas | $88.01 | $69.07 | -21.5% | Overvalued | 35 | $5.2B |
| 49 | ORA Ormat Technologies, Inc.Renewable Utilities | $94.19 | $61.26 | -35.0% | Overvalued | 47 | $5.5B |
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Valued but not ranked
These 7 names are valued but not ranked, for one of four reasons: the model grades the evidence as low or has not graded it yet, the inputs are under review, the gap is wider than 60%, or the valuation is more than three weeks old. The numbers are shown for reference.
| Company | Last close | Model fair value | Gap | Why it is not ranked | Quality score | Market value |
|---|---|---|---|---|---|---|
| AES The AES CorporationDiversified Utilities | $14.92 | $18.70 | +25.3% | Low evidence grade | 35 | $10.6B |
| CWEN Clearway Energy, Inc.Renewable Utilities | $34.43 | $29.19 | -15.2% | Low evidence grade | 47 | $6.6B |
| EIX Edison InternationalRegulated Electric | $59.62 | $75.68 | +26.9% | Low evidence grade | 45 | $22.6B |
| ES Eversource EnergyRegulated Electric | $69.03 | $90.60 | +31.2% | Low evidence grade | 73 | $25.8B |
| NRG NRG Energy, Inc.Independent Power Producers | $96.26 | $94.75 | -1.6% | Low evidence grade | 55 | $20.2B |
| PEG Public Service Enterprise Group IncorporatedRegulated Electric | $72.81 | $75.18 | +3.3% | Low evidence grade | 67 | $37.0B |
| TLN Talen Energy CorporationIndependent Power Producers | $357.28 | $332.12 | -7.0% | Low evidence grade | 52 | $16.2B |
Utilities industries
Other sectors
- Basic Materials 77
- Communication Services 41
- Consumer Cyclical 186
- Consumer Defensive 80
- Energy 72
- Financial Services 226
- Healthcare 159
- Industrials 216
- Real Estate 109
- Technology 223