A reengineered undershot waterwheel adapted to capture unutilized hydrokinetic energy is provided. In an exemplary embodiment, the blades, partitions, and shafts of the waterwheel are composed of engineered plastics and composites for improved operation and longevity. In other embodiments, the waterwheel may be fixed, floating, partially or fully submerged, mounted vertically or horizontally, and will operate in deep and shallow flowing water sources.