European utilities stocks are having their best year since 2006, with an almost 8% increase in value since September. UK energy regulator approves a significant spending increase on electricity transmission grids. Eight out of 19 utilities stocks are undervalued. Ofgem’s decision in the UK and CNMC’s in Spain impact the sector. Recommended buys include SSE and National Grid for UK grid investment growth, EDP and Veolia are seen as undervalued.

Read more at Morningstar: Top Stock Picks Among European Utilities