Best Dividend Stocks in Utilities - Independent Power Producers for 2026
Reliable dividend payers with sustainable yields, screened on payout ratio and balance-sheet health.
Independent Power Producers (merchant generators plus contracted-generation operators) earn unregulated cash flows that move with power-market dynamics and fuel costs. Composite scoring uses the Health pillar (project-level leverage, refinancing capacity) and the Valuation pillar (EV/EBITDA against contracted-cash-flow visibility); Quality pillar weights margin durability.
Data as of (updated daily)
Top 20 Utilities - Independent Power Producers stocks by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | ROJNA.BK | Rojana Industrial Park Public Company Limited | 60.4 |
| 2 | ISAE4.SA | ISA ENERGIA BRASIL | 58.1 |
| 3 | GNE.AU | Genesis Energy Ltd | 61.9 |
| 4 | 0902.HK | Huaneng Power International | 47.6 |
| 5 | AGL.AU | AGL Energy Ltd | 46.6 |
| 6 | EGCO.BK | Electricity Generating Public Company Limited | 44.9 |
| 7 | ISAE3.SA | ISA ENERGIA BRASIL | 58.0 |
| 8 | 0836.HK | China Resources Power Holding | 53.7 |
| 9 | 600023.SHG | Zhejiang Zheneng Electric Power Co Ltd | 62.4 |
| 10 | 0991.HK | Datang Intl Power Gen Co-H | 49.1 |
| 11 | 0006.HK | Power Assets | 53.9 |
| 12 | 600011.SHG | Huaneng Power International Inc | 63.9 |
| 13 | 000690.SHE | Guangdong Baolihua New Energy Stock Co LTD | 75.7 |
| 14 | PTC.NSE | PTC India Limited | 68.1 |
| 15 | KEN.US | Kenon Holdings | 48.7 |
| 16 | 600863.SHG | Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd | 60.8 |
| 17 | CKP.BK | CK Power Public Company Limited | 61.0 |
| 18 | CPX.TO | Capital Power Corporation | 34.7 |
| 19 | GUNKUL.BK | Gunkul Engineering Public Company Limited | 50.5 |
| 20 | 600674.SHG | Sichuan Chuantou Energy Co Ltd | 60.0 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Utilities - Independent Power Producers industry; use the screener for the full ranked list.