8 Electric Power Stocks with the Highest Payouts - Selected for Investors in 2024

Understanding the Structure of Electric Power Stocks

The electric power sector is a top-tier investment product because the demand for electricity is continuous and increasing every year. The electric power business is governed by the (Power Development Plan )PDP( and the )Alternative Energy Development Plan (AEDP), which set the long-term investment directions.

These stocks are recognized as “Defensive Stocks,” suitable for investors seeking stability and consistent returns. Stock prices are correlated with economic conditions and the country’s energy demand.

Classification and Power Purchase Agreements

Private power plants can be divided into three groups based on capacity:

• IPP (Independent Power Producers): Large power plants over 90 MW
• SPP (Small Power Producers): Capacity of 10-90 MW
• VSPP ###Very Small Power Producers(: Less than 10 MW

Investment success depends on the power purchase agreement, contract duration, and rate of return. These variables directly impact the company’s cash flow.

Types of Energy Sources

Currently, electric power stocks are categorized by energy source:

• Solar Power: Represents clean energy
• Hydropower: Utilizes natural water sources, suitable for areas with water resources
• Natural Gas: Stable and highly efficient energy source
• Nuclear: Has potential but requires risk considerations
• Other Renewable Energies: Wind, biomass, and ocean waves

8 Electric Power Stocks Dominating the Market

)Comparison of First Half Results

1. BANPU - Global Energy Producer

Banpu Power operates under the vision “Powering Society with Quality Megawatts.” It has 41 power plants across eight Asia-Pacific countries. The first half of the year reported revenue of 90,673.73 million Baht and net profit of 2,488.71 million Baht, with a proportional capacity of 3,656 MW, of which 11.20% comes from renewable energy.

Price 111.50 Baht | YTD -5.88%

2. GULF - Integrated Energy Leader

Gulf Energy invests in electricity, gas, renewable energy, and infrastructure. It announced investments in renewable energy projects aligned with the new national energy development plan and supports environmental management. The first half of the year showed revenue of 64,896.44 million Baht and net profit of 8,239.79 million Baht.

Price 66.50 Baht | YTD +54.49%

3. GPSC - Innovation for Sustainability

Global Power Synergy operates under the 4S strategic plan for excellence and sustainable development. Recently, it received approval for a long-term loan of 7,000 million Baht from financial institutions to accelerate clean energy projects. Revenue for the first half was 48,426.98 million Baht, with a net profit of 2,292.55 million Baht.

Price 46.25 Baht | YTD -3.09%

4. BGRIM - Business Diversification

B.Grimm Power specializes in combined-cycle power plants and renewable energy. It recently signed a solar power purchase agreement with the government. It has expanded into health, lifestyle, real estate, and digital technology. Revenue was 28,344.78 million Baht, with a net profit of 607.17 million Baht.

Price 23.40 Baht | YTD -12.66%

5. EA - Pioneer of Clean Energy

Pure Energy leverages innovations in renewable energy, batteries, and electric vehicles. This year, it focuses on developing Thai-made electric pickup trucks. Revenue was 10,368.81 million Baht, with a net profit of 1,430.44 million Baht. Despite a sharp decline in stock price, its future business potential remains.

Price 7.80 Baht | YTD -81.36%

6. SSP - Leader in Renewable Energy

Siam Solar Power focuses on solar farms, hotel solar, and renewable energy projects. It plans to expand assets exceeding 30,000 million Baht across Asia and maintains a “BBB+” credit rating from rating agencies. Revenue was 1,709.90 million Baht, with a net profit of 326.89 million Baht.

Price 5.90 Baht | YTD -25.62%

7. CKP - Construction Company Entering Energy

CK Power started as a construction contractor and now has a diverse portfolio including hydropower, cogeneration, and solar projects. It invests through six subsidiaries and associates. Revenue was 5,111.09 million Baht, with negative profit, showing efforts to adapt.

Price 3.70 Baht | YTD +19.02%

8. GUNKUL - Energy Platform Builder

Gunkul grew from a registered capital of 1 million Baht to a 30,000 million Baht enterprise. It specializes in renewable energy and plans to launch a Peer-to-Peer energy trading platform via Gunkul Spectrum. It will expand B2C to a marketplace with 9-10 products. Revenue was 5,002.69 million Baht, with a net profit of 761.43 million Baht.

Price 2.80 Baht | YTD +2.86%

Reasons to Consider Investing in Electric Power Stocks

Return versus Risk: These stocks offer higher returns than traditional deposits, but risks cannot be avoided.

Valuable Profits: The electricity business tends to generate steady profits because societal demand for power continually increases. Growth opportunities depend on economic conditions.

Expansion Potential: Companies can increase capacity or launch new power plants to meet rising demand.

Support from Government Policies: The government promotes renewable energy, creating investment opportunities and special incentives.

How to Enter the Electric Power Stock Market

Through the Thai Stock Market: Open a trading account with major securities firms, such as Bualuang Securities or Kasikorn Securities. The minimum trading volume is 100 shares. For example: Buying 100 GULF shares at 50 Baht costs 5,000 Baht. If the price rises to 55 Baht, profit is 500 Baht.

Popular trading programs include STREAMING PRO and ASPEN, which provide real-time data and comprehensive analysis tools.

Factors to Consider: Study the company’s expansion strategy, industry trends, power purchase agreements, and government policies for accurate evaluation.

Summary

Electric power stocks are truly “Defensive Stocks” with high importance to the local economy because electricity is essential for production and consumption. Energy stability is key to national development. Investors seeking diversification or with limited risk appetite should seriously consider these stocks as a long-term portfolio option.