Utility stocks with the fastest revenue growth

Ranked

69

of 86 utility stocks we cover

Median

+6.8%

Highest

+60.8%

TLN

Range

−37.5% to +60.8%

#	Company	Revenue growth	Net margin	Price to sales	Market cap
1	TLNTalen Energy, Regulated Electric	+60.8%	−5.4%	4.6×	$15.7B
2	EEExcelerate Energy, Regulated Gas	+49.0%	3.2%	n/m	n/m
3	ORAOrmat Technologies, Regulated Electric	+31.1%	10.7%	4.5×	$5.4B
4	CEGConstellation Energy, Independent Power Producers	+26.0%	11.1%	2.9×	$89.8B
5	UTLUnitil, Regulated Electric	+20.8%	9.5%	1.7×	$1B
6	DDominion Energy, Regulated Electric	+19.0%	14.0%	3.2×	$57.3B
7	DTEDTE Energy, Regulated Electric	+15.9%	8.0%	1.7×	$27.4B
8	AWRAmerican States Water, Regulated Water	+13.2%	20.5%	4.9×	$3.4B
9	NRGNRG Energy, Independent Power Producers	+12.8%	2.6%	0.6×	$19.4B
10	PEGPublic Service Enterprise, Regulated Electric	+12.7%	16.0%	2.9×	$35.9B
11	FEFirstEnergy, Regulated Electric	+12.6%	6.9%	1.7×	$26.7B
12	NINiSource, Regulated Gas	+12.3%	13.2%	3.0×	$20.8B
13	GWRSGlobal Water Resources, Regulated Water	+10.8%	5.2%	3.8×	$228.3M
14	EIXEdison International, Regulated Electric	+10.7%	19.3%	1.1×	$22.1B
15	NWENorthWestern Energy, Regulated Electric	+10.7%	10.1%	2.8×	$4.8B
16	SRSpire, Regulated Gas	+10.7%	21.6%	2.0×	$5B
17	AEPAmerican Electric Power, Regulated Electric	+10.3%	13.8%	3.1×	$70.6B
18	TXNMTXNM Energy, Regulated Electric	+10.0%	8.8%	2.7×	$6B
19	SPRUSpruce Power, Regulated Electric	+10.0%	−6.8%	0.2×	$25.6M
20	GNEGenie Energy, Regulated Electric	+10.0%	4.9%	0.9×	$439.8M
21	CMSCMS Energy, Regulated Electric	+9.9%	11.6%	2.5×	$21.8B
22	CWENClearway Energy, Regulated Electric	+9.9%	5.8%	4.1×	$6.4B
23	WTRGEssential Utilities, Regulated Water	+9.9%	21.6%	4.8×	$12.2B
24	NEENextEra Energy, Regulated Electric	+9.6%	40.4%	5.9×	$171.2B
25	ETREntergy, Regulated Electric	+9.5%	13.5%	3.7×	$50.1B
26	EDConsolidated Edison, Regulated Electric	+9.5%	12.5%	2.4×	$42.8B
27	YORWYork Water, Regulated Water	+9.4%	28.5%	6.2×	$516.4M
28	WECWEC Energy, Regulated Electric	+8.9%	16.7%	3.6×	$36.2B
29	AESAES, Renewable Utilities	+8.5%	14.3%	0.8×	$10.7B
30	HNRGHallador Energy, Regulated Electric	+7.9%	−0.2%	1.2×	$520.9M
31	ESEversource Energy, Regulated Electric	+7.8%	10.4%	1.8×	$25.4B
32	CNPCenterPoint Energy, Regulated Electric	+7.1%	11.6%	2.8×	$27.1B
33	MGEEMGE Energy, Diversified Utilities	+7.1%	19.5%	3.6×	$2.8B
34	AWKAmerican Water Works, Regulated Water	+6.9%	21.3%	5.4×	$28.4B
35	LNTAlliant Energy, Regulated Electric	+6.8%	18.4%	4.1×	$18.1B
36	PPLPPL, Regulated Electric	+6.7%	13.5%	2.8×	$26.3B
37	EXCExelon, Regulated Electric	+6.6%	11.0%	1.8×	$45.9B
38	SOSouthern, Regulated Electric	+6.4%	15.4%	3.5×	$106.9B
39	NJRNew Jersey Resources, Regulated Gas	+6.4%	16.4%	2.4×	$5.4B
40	DUKDuke Energy, Regulated Electric	+6.3%	15.8%	2.9×	$97.4B
41	ARTNAArtesian Resources, Regulated Water	+5.9%	20.2%	3.0×	$352.2M
42	PNWPinnacle West Capital, Regulated Electric	+5.7%	11.5%	2.3×	$12.8B
43	PCGPG&E, Regulated Electric	+5.7%	12.3%	1.3×	$33.8B
44	MSEXMiddlesex Water, Regulated Water	+5.3%	23.3%	5.1×	$1.1B
45	CLNEClean Energy Fuels, Diversified Utilities	+5.2%	−21.3%	0.7×	$321.8M
46	HEHawaiian Electric Industries, Regulated Electric	+5.1%	6.8%	0.4×	$1.5B
47	TVETennessee Valley Authority, Regulated Electric	+5.1%	11.3%	n/m	n/m
48	HTOH2O America, Regulated Water	+5.0%	12.9%	3.0×	$2.5B
49	XELXcel Energy, Regulated Electric	+4.7%	15.3%	3.3×	$48.8B
50	NWNNorthwest Natural, Regulated Gas	+4.4%	9.7%	1.6×	$2.1B
51	MNTKMontauk Renewables, Diversified Utilities	+4.3%	4.2%	1.6×	$303.2M
52	VSTVistra, Independent Power Producers	+3.8%	11.6%	2.4×	$47B
53	AEEAmeren, Regulated Electric	+3.8%	17.9%	3.4×	$29.9B
54	EVRGEvergy, Regulated Electric	+3.6%	15.2%	3.2×	$19.5B
55	OPALOPAL Fuels, Diversified Utilities	+3.0%	5.2%	0.8×	$263.9M
56	BKHBlack Hills, Regulated Electric	+2.5%	13.0%	2.6×	$6.1B
57	SRESempra, Diversified Utilities	+1.6%	20.5%	4.1×	$55B
58	PORPortland General Electric, Regulated Electric	+1.3%	n/m	1.5×	$5.2B
59	OGEOGE Energy, Regulated Electric	+0.6%	14.4%	3.1×	$10B
60	OTTROtter Tail, Regulated Electric	+0.3%	14.8%	2.9×	$3.8B
61	IDAIdacorp, Regulated Electric	−0.4%	18.8%	4.5×	$8.1B
62	UGIUGI, Diversified Utilities	−0.5%	9.2%	1.1×	$8.3B
63	OGSONE Gas, Regulated Gas	−0.8%	12.5%	2.1×	$4.9B
64	MDUMDU Resources, Regulated Gas	−1.1%	10.7%	2.2×	$4B
65	CWCOConsolidated Water, Regulated Water	−1.2%	12.7%	3.5×	$445M
66	AVAAvista, Regulated Electric	−1.8%	11.8%	1.6×	$3.2B
67	XIFRXPLR Infrastructure, Regulated Electric	−2.8%	5.2%	0.7×	$892.8M
68	SLNGStabilis Solutions, Regulated Gas	−19.7%	−14.1%	1.5×	$82.9M
69	NFENew Fortress Energy, Regulated Gas	−37.5%	n/m	0.0×	$19.9M

Not ranked: 4 with under $50M of revenue, 2 with not a meaningful number. 11 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.