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Alternative stocks to Hydro One (TSX:H)
These are the alternatives to Hydro One that fall within the same industry, Electric Utilities, or region, Canada.
How to read the ranks
For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
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Hydro One stock research in summary
hydroone.com
Hydro One shares have a market-typical stock price level. While they are safely financed, they are poor value, and show below average growth. We recommend evaluating whether the future of the company Hydro One is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.
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Country |
Canada |
Industry |
Electric Utilities |
Index |
|
Size class |
X-Large |
Large companies - similar industry as Hydro One
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. PPL (XL, US) Electric Utilities
|
1. PPL (XL, US) Electric Utilities
|
39
|
|
61
|
|
95
|
|
89
|
|
2. Entergy (XL, US) Electric Utilities
|
2. Entergy (XL, US) Electric Utilities
|
33
|
|
99
|
|
57
|
|
85
|
|
3. Pinnacle West (XL, US) Electric Utilities
|
3. Pinnacle West (XL, US) Electric Utilities
|
57
|
|
73
|
|
59
|
|
83
|
|
4. NRG (XXL, US) Electric Utilities
|
4. NRG (XXL, US) Electric Utilities
|
59
|
|
99
|
|
24
|
|
76
|
|
5. Fortis (XL, CA) Electric Utilities
|
5. Fortis (XL, CA) Electric Utilities
|
71
|
|
19
|
|
82
|
|
76
|
|
6. NextEra Energy (XXL, US) Electric Utilities
|
6. NextEra Energy (XXL, US) Electric Utilities
|
5
|
|
99
|
|
64
|
|
72
|
|
7. Xcel Energy (XXL, US) Electric Utilities
|
7. Xcel Energy (XXL, US) Electric Utilities
|
41
|
|
77
|
|
60
|
|
70
|
|
8. American Electric Power (XXL, US) Electric Utilities
|
8. American Electric Power (XXL, US) Electric Utilities
|
55
|
|
93
|
|
18
|
|
68
|
|
9. Edison (XXL, US) Electric Utilities
|
9. Edison (XXL, US) Electric Utilities
|
61
|
|
71
|
|
26
|
|
62
|
|
10. Duke Energy (XXL, US) Electric Utilities
|
10. Duke Energy (XXL, US) Electric Utilities
|
45
|
|
73
|
|
35
|
|
49
|
|
November 21, 2024
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as Hydro One
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. ATCO (XL, CA) Multi-Utilities
|
1. ATCO (XL, CA) Multi-Utilities
|
97
|
|
71
|
|
82
|
|
100
|
|
2. Linamar (XL, CA) Auto Parts & Equipment
|
2. Linamar (XL, CA) Auto Parts & Equipment
|
85
|
|
41
|
|
98
|
|
98
|
|
3. Suncor (XXL, CA) Oil & Gas Integrated
|
3. Suncor (XXL, CA) Oil & Gas Integrated
|
69
|
|
61
|
|
81
|
|
97
|
|
4. Fairfax (XXL, CA) Property & Casualty Insurance
|
4. Fairfax (XXL, CA) Property & Casualty Insurance
|
67
|
|
75
|
|
65
|
|
96
|
|
5. Russel Metals (XL, CA) Trading & Distribution
|
5. Russel Metals (XL, CA) Trading & Distribution
|
89
|
|
35
|
|
91
|
|
96
|
|
6. WSP Global (XL, CA) Construction & Engineering
|
6. WSP Global (XL, CA) Construction & Engineering
|
69
|
|
83
|
|
55
|
|
96
|
|
7. Barrick Gold (XL, CA) Gold Production
|
7. Barrick Gold (XL, CA) Gold Production
|
82
|
|
53
|
|
74
|
|
94
|
|
8. Restaurant Brands International (XL, CA) Restaurants
|
8. Restaurant Brands International (XL, CA) Restaurants
|
55
|
|
89
|
|
68
|
|
94
|
|
9. CCL (XL, CA) Metal & Glass Containers
|
9. CCL (XL, CA) Metal & Glass Containers
|
43
|
|
71
|
|
86
|
|
94
|
|
10. Canadian Tire (XXL, CA) General Merchandise Stores
|
10. Canadian Tire (XXL, CA) General Merchandise Stores
|
83
|
|
93
|
|
48
|
|
93
|
|
November 21, 2024
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Mid sized companies - similar industry as Hydro One
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. ALLETE (L, US) Electric Utilities
|
1. ALLETE (L, US) Electric Utilities
|
75
|
|
67
|
|
96
|
|
100
|
|
2. National Fuel Gas (L, US) Gas Utilities
|
2. National Fuel Gas (L, US) Gas Utilities
|
73
|
|
75
|
|
92
|
|
100
|
|
3. Portland General Electric (L, US) Electric Utilities
|
3. Portland General Electric (L, US) Electric Utilities
|
87
|
|
69
|
|
69
|
|
97
|
|
4. Canadian Utilities (L, CA) Multi-Utilities
|
4. Canadian Utilities (L, CA) Multi-Utilities
|
93
|
|
43
|
|
80
|
|
94
|
|
5. IDACORP (L, US) Electric Utilities
|
5. IDACORP (L, US) Electric Utilities
|
29
|
|
83
|
|
88
|
|
94
|
|
6. Hawaiian Electric Industries (L, US) Electric Utilities
|
6. Hawaiian Electric Industries (L, US) Electric Utilities
|
81
|
|
3
|
|
90
|
|
90
|
|
7. NextEra Energy Partners (L, US) Renewable Electricity
|
7. NextEra Energy Partners (L, US) Renewable Electricity
|
100
|
|
19
|
|
80
|
|
90
|
|
8. Northland (L, CA) Renewable Electricity
|
8. Northland (L, CA) Renewable Electricity
|
97
|
|
41
|
|
55
|
|
89
|
|
9. Aqua America (L, US) Water Utilities
|
9. Aqua America (L, US) Water Utilities
|
31
|
|
91
|
|
71
|
|
89
|
|
10. ONE Gas (L, US) Gas Utilities
|
10. ONE Gas (L, US) Gas Utilities
|
67
|
|
55
|
|
68
|
|
86
|
|
November 21, 2024
Mid sized companies - similar region as Hydro One
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Onex (L, CA) Asset Management & Custody
|
1. Onex (L, CA) Asset Management & Custody
|
47
|
|
97
|
|
85
|
|
100
|
|
2. Magellan Aerospace (M, CA) Aerospace & Defense
|
2. Magellan Aerospace (M, CA) Aerospace & Defense
|
95
|
|
73
|
|
98
|
|
100
|
|
3. Dundee Precious Metals (M, CA) Gold Production
|
3. Dundee Precious Metals (M, CA) Gold Production
|
82
|
|
69
|
|
94
|
|
100
|
|
4. Lassonde (L, CA) Packaged Foods & Meats
|
4. Lassonde (L, CA) Packaged Foods & Meats
|
89
|
|
97
|
|
84
|
|
100
|
|
5. Whitecap Resources (L, CA) Oil & Gas Production
|
5. Whitecap Resources (L, CA) Oil & Gas Production
|
93
|
|
89
|
|
65
|
|
100
|
|
6. Western Forest Products (L, CA) Forest Products
|
6. Western Forest Products (L, CA) Forest Products
|
65
|
|
83
|
|
69
|
|
99
|
|
7. Enghouse Systems (M, CA) Application Software
|
7. Enghouse Systems (M, CA) Application Software
|
94
|
|
34
|
|
98
|
|
98
|
|
8. Paramount (L, CA) Oil & Gas Production
|
8. Paramount (L, CA) Oil & Gas Production
|
71
|
|
87
|
|
86
|
|
98
|
|
9. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
9. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
97
|
|
43
|
|
76
|
|
96
|
|
10. Mullen (L, CA) Trucking
|
10. Mullen (L, CA) Trucking
|
99
|
|
55
|
|
81
|
|
96
|
|
November 21, 2024
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