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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.

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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.

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Hydro One stock research in summary

hydroone.com


Hydro One shares are more expensive than other comparable stocks. While they are safely financed, they show below average growth, and are poor value. We recommend evaluating whether the future of the company Hydro One is really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.


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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. Hawaiian Electric Industries (XL, US)  Electric Utilities
1. Hawaiian Electric Industries (XL, US)   Electric Utilities 71 59 90 90
2. Evergy (XL, US)  Electric Utilities
2. Evergy (XL, US)   Electric Utilities 67 85 44 86
3. NRG (XXL, US)  Electric Utilities
3. NRG (XXL, US)   Electric Utilities 33 93 57 77
4. PPL (XL, US)  Electric Utilities
4. PPL (XL, US)   Electric Utilities 43 65 73 75
5. Exelon (XXL, US)  Electric Utilities
5. Exelon (XXL, US)   Electric Utilities 73 43 55 73
6. Emera (XL, CA)  Electric Utilities
6. Emera (XL, CA)   Electric Utilities 79 65 26 64
7. Edison (XXL, US)  Electric Utilities
7. Edison (XXL, US)   Electric Utilities 99 42 28 64
8. Fortis (XL, CA)  Electric Utilities
8. Fortis (XL, CA)   Electric Utilities 71 9 82 60
9. Pinnacle West (XL, US)  Electric Utilities
9. Pinnacle West (XL, US)   Electric Utilities 65 47 51 55
10. NextEra Energy (XXL, US)  Electric Utilities
10. NextEra Energy (XXL, US)   Electric Utilities 9 73 68 48

June 12, 2025

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. Methanex (XL, CA)  Commodity Chemicals
1. Methanex (XL, CA)   Commodity Chemicals 98 51 75 100
2. West Fraser (XL, CA)  Forest Products
2. West Fraser (XL, CA)   Forest Products 66 98 92 100
3. Russel Metals (XL, CA)  Trading & Distribution
3. Russel Metals (XL, CA)   Trading & Distribution 85 61 96 98
4. Canadian Tire (XXL, CA)  General Merchandise Stores
4. Canadian Tire (XXL, CA)   General Merchandise Stores 85 51 62 96
5. Fairfax (XXL, CA)  Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 71 63 65 96
6. Barrick Gold (XL, CA)  Gold Production
6. Barrick Gold (XL, CA)   Gold Production 92 70 67 96
7. Manulife Financial (XXL, CA)  Life & Health Insurance
7. Manulife Financial (XXL, CA)   Life & Health Insurance 59 35 100 91
8. Capital Power (XL, CA)  Power Producers & Traders
8. Capital Power (XL, CA)   Power Producers & Traders 59 49 99 91
9. CGI (XL, CA)  IT Consulting & oth. Services
9. CGI (XL, CA)   IT Consulting & oth. Services 92 56 70 90
10. Martinrea (XL, CA)  Auto Parts & Equipment
10. Martinrea (XL, CA)   Auto Parts & Equipment 99 71 37 90

June 12, 2025


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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 73 91 82 100
2. Portland General Electric (L, US)  Electric Utilities
2. Portland General Electric (L, US)   Electric Utilities 100 35 91 99
3. NW Natural (L, US)  Gas Utilities
3. NW Natural (L, US)   Gas Utilities 93 89 63 99
4. National Fuel Gas (L, US)  Gas Utilities
4. National Fuel Gas (L, US)   Gas Utilities 41 100 83 99
5. IDACORP (L, US)  Electric Utilities
5. IDACORP (L, US)   Electric Utilities 33 100 90 96
6. Avista (L, US)  Multi-Utilities
6. Avista (L, US)   Multi-Utilities 97 53 62 92
7. NorthWestern (L, US)  Multi-Utilities
7. NorthWestern (L, US)   Multi-Utilities 93 29 88 90
8. ONE Gas (L, US)  Gas Utilities
8. ONE Gas (L, US)   Gas Utilities 63 77 65 87
9. Clearway Energy (L, US)  Renewable Electricity
9. Clearway Energy (L, US)   Renewable Electricity 53 85 62 84
10. Canadian Utilities (L, CA)  Multi-Utilities
10. Canadian Utilities (L, CA)   Multi-Utilities 83 62 47 81

June 12, 2025


Mid sized companies - similar region as Hydro One

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Sundial Growers (M, CA)  Pharmaceuticals
1. Sundial Growers (M, CA)   Pharmaceuticals 88 57 68 100
2. SSR Mining (L, CA)  Gold Production
2. SSR Mining (L, CA)   Gold Production 86 100 86 100
3. Magellan Aerospace (M, CA)  Aerospace & Defense
3. Magellan Aerospace (M, CA)   Aerospace & Defense 89 74 98 100
4. Mullen (L, CA)  Trucking
4. Mullen (L, CA)   Trucking 96 81 77 100
5. Paramount (L, CA)  Oil & Gas Production
5. Paramount (L, CA)   Oil & Gas Production 71 73 100 99
6. Enghouse Systems (M, CA)  Application Software
6. Enghouse Systems (M, CA)   Application Software 99 13 95 98
7. Winpak (L, CA)  Metal & Glass Containers
7. Winpak (L, CA)   Metal & Glass Containers 40 72 100 98
8. BlackBerry (L, CA)  Systems Software
8. BlackBerry (L, CA)   Systems Software 53 75 87 98
9. Whitecap Resources (L, CA)  Oil & Gas Production
9. Whitecap Resources (L, CA)   Oil & Gas Production 77 99 65 97
10. Parex Resources (L, CA)  Oil & Gas Production
10. Parex Resources (L, CA)   Oil & Gas Production 87 49 100 97

June 12, 2025



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