Largest Utilities - Independent Power Producers Companies by Market Cap

Largest Utilities - Independent Power Producers companies by market cap. The Utilities - Independent Power Producers sector has 81 publicly listed stocks with a combined market cap of $464.73 Billion. Constellation Energy Corp leads the sector with a market cap of $93.74 Billion. This ranking covers all Utilities - Independent Power Producers stocks globally — from large-cap industry leaders to mid-cap and small-cap companies — ranked by market capitalization and updated daily.

Total Market Cap (USD)

$464.73 Billion

Companies Listed

81

Largest Company

Constellation Energy Corp

Top Utilities - Independent Power Producers Stocks by Market Capitalization (October 2026)

Top Utilities - Independent Power Producers stocks by market capitalization as of October 2026, covering 81 publicly listed companies.

Rank Company Market Cap (USD) Market Cap (Local) Country Price 24h Change 7d Change 24h Volume
1 Constellation Energy Corp
NASDAQ:CEG 		$93.74 Billion $93.74 Billion USA $264.58 +2.52% -2.28% 96.26 Million
2 Vistra Energy Corp
NYSE:VST 		$47.76 Billion $47.76 Billion USA $140.95 -1.24% -9.73% 174.85 Million
3 Adani Power Limited
NSE:ADANIPOWER 		$39.88 Billion Rs3.69 Trillion India Rs191.20 +3.58% +2.20% 535.98 Million
4 Gulf Energy Development Public Company Limited
BK:GULF 		$28.52 Billion ฿915.07 Billion Thailand ฿61.25 -0.41% -0.81% 753.51 Million
5 CGN Power
SHE:003816 		$28.20 Billion CN¥192.74 Billion China CN¥4.90 +7.22% +7.69% 2.94 Billion
6 NRG Energy Inc.
NYSE:NRG 		$20.58 Billion $20.58 Billion USA $97.54 +0.59% -2.26% 75.44 Million
7 Adani Energy Solutions Limited
NSE:ADANIENSOL 		$17.73 Billion Rs1.64 Trillion India Rs1365.00 +5.49% +3.10% 46.73 Million
8 Talen Energy Corporation
NASDAQ:TLN 		$14.98 Billion $14.98 Billion USA $348.85 +0.32% -2.96% 27.76 Million
9 Sichuan Chuantou Energy Co Ltd
SHG:600674 		$12.84 Billion CN¥87.74 Billion China CN¥18.00 +1.52% +5.08% 770.41 Million
10 Huaneng Power International Inc
SHG:600011 		$12.20 Billion CN¥83.36 Billion China CN¥7.58 +2.43% +1.07% 2.37 Billion
11 CENTRICA ADR NEW 2004/4
F:CENN 		$11.61 Billion €9.93 Billion Germany €9.50 +0.53% +0.00% 300.00
12 Zhejiang Zheneng Electric Power Co Ltd
SHG:600023 		$10.20 Billion CN¥69.73 Billion China CN¥5.20 +0.19% -2.80% 1.12 Billion
13 JSW Energy Limited
NSE:JSWENERGY 		$10.11 Billion Rs934.51 Billion India Rs510.00 +5.59% +7.38% 62.46 Million
14 CHINA RE.PO.HO.UNS.ADR/15
F:CRP0 		$10.01 Billion €8.56 Billion Germany €31.80 +1.27% +5.30% 10.00
15 Datang International Power Generation Co Ltd Class A
SHG:601991 		$8.76 Billion CN¥59.87 Billion China CN¥4.83 -1.43% -6.58% 3.03 Billion
16 OPC Energy Ltd
TA:OPCE 		$7.95 Billion ILA2.96 Trillion Israel ILA9562.00 +2.83% +2.05% 8.10 Million
17 Capital Power Corporation
TO:CPX 		$7.21 Billion CA$9.97 Billion Canada CA$63.44 +1.28% -0.84% 10.38 Million
18 Torrent Power Limited
NSE:TORNTPOWER 		$6.42 Billion Rs593.30 Billion India Rs1177.40 +1.50% -0.38% 5.41 Million
19 Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd
SHG:600863 		$6.04 Billion CN¥41.29 Billion China CN¥5.27 +2.73% +4.15% 2.59 Billion
20 Beijing Jingneng Power Co Ltd
SHG:600578 		$4.90 Billion CN¥33.47 Billion China CN¥5.00 -0.40% -2.91% 1.01 Billion
21 Huadian Energy
SHG:600726 		$4.77 Billion CN¥32.59 Billion China CN¥4.36 -2.24% -7.43% 1.05 Billion
22 Oklo Inc.
NYSE:OKLO 		$4.66 Billion $4.66 Billion USA $26.81 -1.14% -3.32% 214.77 Million
23 Pampa Energia SA ADR
NYSE:PAM 		$4.46 Billion $4.46 Billion USA $82.90 +0.29% +0.99% 5.60 Million
24 CGN Power Co Ltd
F:94C 		$4.33 Billion €3.71 Billion Germany €0.33 +3.75% +4.40% 1.00K
25 AGL Energy Ltd
AU:AGL 		$4.27 Billion AU$6.04 Billion Australia AU$8.98 +1.58% +2.28% 69.48 Million
26 TransAlta Corp
TO:TA 		$4.22 Billion CA$5.84 Billion Canada CA$18.45 +0.87% -1.39% 45.56 Million
27 Huaneng Power International Inc
F:HUP1 		$3.61 Billion €3.09 Billion Germany €0.66 +14.69% -3.83% 60.98K
28 Kenon Holdings
NYSE:KEN 		$3.45 Billion $3.45 Billion USA $68.01 +3.83% +3.61% 416.41K
29 Kenon Holdings
TA:KEN 		$2.98 Billion ILA1.11 Trillion Israel ILA21320.00 +3.14% +8.78% 2.07 Million
30 KENON HLDGS LTD
F:76N 		$2.95 Billion €2.52 Billion Germany €48.40 +1.26% -15.83% 177.00
31 Electricity Generating Public Company Limited
BK:EGCO 		$2.15 Billion ฿68.97 Billion Thailand ฿131.00 -0.38% +3.56% 24.49 Million
32 Datang International Power Generation Co. Ltd
F:BJI 		$2.07 Billion €1.77 Billion Germany €0.29 +9.85% +5.84% 33.12K
33 Aksa Enerji Uretim AS
IS:AKSEN 		$1.85 Billion TL82.53 Billion Turkey TL67.30 +3.38% -5.01% 143.96 Million
34 Guangdong Baolihua New Energy Stock Co LTD
SHE:000690 		$1.73 Billion CN¥11.79 Billion China CN¥5.42 +5.24% -1.09% 1.69 Billion
35 B.Grimm Power Public Company Limited
BK:BGRIM 		$1.55 Billion ฿49.79 Billion Thailand ฿19.10 -1.04% +2.14% 510.74 Million
36 Petrovietnam Power Corp
VN:POW 		$1.45 Billion ₫38.04 Trillion Vietnam ₫12400.00 -1.20% -1.98% 167.53 Million
37 Banpu Public Company Limited
BK:BANPU 		$1.36 Billion ฿43.58 Billion Thailand ฿14.30 -0.69% -1.38% 327.95 Million
38 Gunkul Engineering Public Company Limited
BK:GUNKUL 		$1.30 Billion ฿41.80 Billion Thailand ฿4.86 -1.22% -2.02% 1.65 Billion
39 Banpu Power Public Company Limited
BK:BPP 		$1.14 Billion ฿36.57 Billion Thailand ฿12.00 +0.84% +4.35% 7.27 Million
40 PolEnergia S.A.
WAR:PEP 		$1.13 Billion zł4.12 Billion Poland zł53.40 +0.95% -0.19% 148.05K
41 Jaiprakash Power Ventures Limited
NSE:JPPOWER 		$972.42 Million Rs89.92 Billion India Rs13.12 +1.16% -5.88% 1.17 Billion
42 Cikarang Listrindo Tbk PT
JK:POWR 		$844.09 Million Rp14.41 Trillion Indonesia Rp910.00 -1.09% -3.19% 169.35 Million
43 BANPU POWER
BK:BPP-R 		$821.71 Million ฿26.36 Billion Thailand ฿8.65 +0.00% +0.00% 2.56 Million
44 Admie Holding S.A
AT:ADMIE 		$696.51 Million €595.76 Million Greece €4.40 +2.33% +1.50% 7.85 Million
45 CK Power Public Company Limited
BK:CKP-R 		$689.15 Million ฿22.11 Billion Thailand ฿3.00 +0.00% +0.00% 9.30 Million
46 CK Power Public Company Limited
BK:CKP 		$587.86 Million ฿18.86 Billion Thailand ฿2.32 +0.00% +0.00% 56.49 Million
47 Hallador Energy Company
NASDAQ:HNRG 		$552.99 Million $552.99 Million USA $11.73 -1.35% +2.45% 24.54 Million
48 PTC India Limited
NSE:PTC 		$451.44 Million Rs41.74 Billion India Rs141.02 +3.16% -3.97% 33.85 Million
49 Dogu Aras Enerji Yatirimlari AS
IS:ARASE 		$406.23 Million TL18.14 Billion Turkey TL72.55 -3.01% -14.65% 6.81 Million
50 Dalian Thermal Power Co Ltd
SHG:600719 		$371.81 Million CN¥2.54 Billion China CN¥6.28 -2.48% -12.66% 608.25 Million
51 RattanIndia Power Limited
NSE:RTNPOWER 		$369.36 Million Rs34.15 Billion India Rs6.36 +1.76% +4.78% 275.51 Million
52 Rojana Industrial Park Public Company Limited
BK:ROJNA 		$358.96 Million ฿11.52 Billion Thailand ฿5.70 -0.87% -1.72% 37.55 Million
53 Zespol Elektrowni Patnow Adamow Konin SA
WAR:ZEP 		$260.44 Million zł946.33 Million Poland zł18.62 -2.72% -5.00% 685.81K
54 Turcas Petrol AS
IS:TRCAS 		$241.90 Million TL10.80 Billion Turkey TL43.70 +0.00% +5.86% 11.60 Million
55 Henan BCCY Environmental Energy Co. Ltd
SHE:300614 		$209.89 Million CN¥1.43 Billion China CN¥8.94 -2.08% -6.39% 66.99 Million
56 Maxim Power Corp.
TO:MXG 		$196.81 Million CA$272.07 Million Canada CA$4.28 +1.42% +1.18% 324.93K
57 Digi Power X Inc.
V:DGX 		$179.06 Million CA$247.53 Million Canada CA$3.79 +5.28% +15.55% 819.68K
58 Kencana Energi Lestari
JK:KEEN 		$176.16 Million Rp3.01 Trillion Indonesia Rp820.00 +0.00% +3.80% 104.47 Million
59 Can2 Termik AS
IS:CANTE 		$148.94 Million TL6.65 Billion Turkey TL0.95 -1.04% -5.94% 5.28 Billion
60 Thac Mo Hydropower JSC
VN:TMP 		$137.50 Million ₫3.62 Trillion Vietnam ₫51700.00 -0.19% +2.99% 9.00K
61 Energy World Corporation Ltd
AU:EWC 		$127.11 Million AU$179.65 Million Australia AU$0.07 -4.29% -2.90% 35.10 Million
62 Nava Nakorn Public Company Limited
BK:NNCL 		$114.28 Million ฿3.67 Billion Thailand ฿1.79 -0.56% +0.00% 3.36 Million
63 Pha Lai Thermal Power JSC
VN:PPC 		$106.46 Million ₫2.80 Trillion Vietnam ₫8740.00 -0.11% +0.58% 2.48 Million
64 Orient Green Power Company Limited
NSE:GREENPOWER 		$105.80 Million Rs9.78 Billion India Rs8.34 -2.11% +3.60% 51.39 Million
65 Centrica PLC
LSE:CNA 		$87.51 Million GBX719.25 Billion UK GBX155.70 -0.32% +4.46% 315.20 Million
66 Thac Ba Hydropower JSC
VN:TBC 		$76.60 Million ₫2.02 Trillion Vietnam ₫31750.00 +2.42% +0.79% 96.10K
67 Huadian Ener-B
SHG:900937 		$72.58 Million $72.58 Million China $0.17 -4.00% -10.64% 23.35 Million
68 INTER RAO Lietuva AB
WAR:IRL 		$53.94 Million zł196.00 Million Poland zł9.80 +0.00% +0.00% 0.00
69 Energia Latina SA
SN:ENLASA 		$51.88 Million CL$46.39 Billion Chile CL$1060.00 +0.00% +0.00% 39.30K
70 Univentures Public Company Limited
BK:UV 		$51.85 Million ฿1.66 Billion Thailand ฿0.87 -1.14% -1.14% 5.73 Million
71 Fernheizwerk Neukölln Aktiengesellschaft
F:FHW 		$44.16 Million €37.77 Million Germany €24.40 -1.61% +0.83% 4.21K
72 Shanghai Lingyun Industries Development Co Ltd
SHG:900957 		$30.01 Million $30.01 Million China $0.09 +0.00% +0.00% 640.90K
73 MDI Energia S.A.
WAR:MDI 		$22.60 Million zł82.11 Million Poland zł1.95 +2.36% -0.26% 1.31 Million
74 OPG POWER VENTURES PLC
F:OPB 		$22.25 Million €19.03 Million Germany €0.05 +1.06% +31.94% 160.00K
75 1414 Degrees Ltd
AU:14D 		$10.82 Million AU$15.29 Million Australia AU$0.03 -3.23% -9.09% 158.34 Million
76 AHT Syngas Technology NV
F:3SQ1 		$4.45 Million €3.81 Million Germany €1.54 +0.00% -8.88% 6.85K
77 Megapower Makmur TBK PT
JK:MPOW 		$3.88 Million Rp66.18 Billion Indonesia Rp81.00 -2.41% -3.57% 107.49 Million
78 OPG Power Venture Plc
LSE:OPG 		$162.26K GBX1.33 Billion UK GBX5.40 -0.74% +23.01% 81.54 Million
79 Vergnet
PA:ALVER 		$147.53K €126.19K France €0.12 +0.00% +0.00% 0.00
80 Eneraqua Technologies PLC
LSE:ETP 		$76.80K GBX631.22 Million UK GBX19.00 +0.00% +0.00% 69.94K
81 Electricity Generating Public Company Limited
F:ECGF 		$37.34K €31.94K Germany €3.30 +0.00% +1.23% 0.00

How Utilities - Independent Power Producers Companies Are Ranked by Market Cap

Utilities - Independent Power Producers companies are ranked by market cap, the latest share price multiplied by shares outstanding, with each company counted once at its primary listing.

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