
Utility companies worldwide are considered a low-risk investment option as they provide indispensable services such as heating, water, electricity, gas, etc. Utility companies worldwide are well-positioned for long-term growth as the world transitions to cleaner energy sources.
Therefore, it could be wise to buy fundamentally strong foreign utilities stocks Enel SpA (ENLAY), Capital Power Corporation (CPXWF), TransAlta Corporation (TAC), and Central Puerto S.A. (CEPU).