Best Utilities - Independent Power Producers Stocks in Utilities for 2026
Top-ranked Utilities - Independent Power Producers stocks within the Utilities sector. Merchant and contracted-generation operators earn unregulated cash flows exposed to power-market swings and fuel costs, so project-level leverage is the key Health check.
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 in Utilities by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | NNCL.BK | Nava Nakorn Public Company Limited | 74.9 |
| 2 | 000690.SHE | Guangdong Baolihua New Energy Stock Co LTD | 72.3 |
| 3 | 600578.SHG | Beijing Jingneng Power Co Ltd | 66.8 |
| 4 | ISAE3.SA | ISA ENERGIA BRASIL | 64.2 |
| 5 | ROJNA.BK | Rojana Industrial Park Public Company Limited | 64.1 |
| 6 | 2481.HK | Wise Living Technology Co Ltd | 63.7 |
| 7 | 0836.HK | China Resources Power Holding | 62.9 |
| 8 | 0006.HK | Power Assets | 62.3 |
| 9 | 600011.SHG | Huaneng Power International Inc | 62.0 |
| 10 | ISAE4.SA | ISA ENERGIA BRASIL | 61.4 |
| 11 | 1811.HK | CGN Meiya Power Hldg Co Ltd | 61.4 |
| 12 | 600863.SHG | Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd | 60.8 |
| 13 | 600674.SHG | Sichuan Chuantou Energy Co Ltd | 59.2 |
| 14 | 600023.SHG | Zhejiang Zheneng Electric Power Co Ltd | 58.8 |
| 15 | 601991.SHG | Datang International Power Generation Co Ltd Class A | 58.3 |
| 16 | CKP.BK | CK Power Public Company Limited | 58.2 |
| 17 | MXG.TO | Maxim Power Corp. | 57.1 |
| 18 | PTC.NSE | PTC India Limited | 56.6 |
| 19 | GREENPOWER.NSE | Orient Green Power Company Limited | 56.5 |
| 20 | 0902.HK | Huaneng Power International | 56.4 |
Customise the Utilities + Utilities - Independent Power Producers screen
The full screener applies both filters and lets you stack 30+ more on top: market cap, country, dividend yield, and the four pillar scores.
Open in screener →Explore related pages
Other industries in Utilities
Browse the hub pages
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 under Utilities. Use the screener for the full ranked list.