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Hillcrest Energy Technologies
(HEAT)
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Rating:44Neutral
Price Target:
C$0.12
▼(-17.14% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily held down by very weak financial performance (minimal/zero revenue, sizable ongoing losses, negative equity, and continued operating/free-cash-flow burn). Technicals add additional pressure with the stock trading below major moving averages and negative momentum indicators. Valuation provides limited support because losses make the negative P/E hard to interpret and no dividend yield is available.
Positive Factors
Debt Reduction
The sharp reduction in debt lowers fixed financial obligations and removes some balance-sheet pressure. This can improve resilience and preserve more flexibility for product development, fundraising, or other capital allocation needs over the next several quarters.
Negative Factors
Minimal Revenue Base
Near-zero revenue means the company has not yet demonstrated a durable commercial engine capable of covering operating costs. This leaves future progress dependent on converting technology development into customer sales or other recurring monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt Reduction
The sharp reduction in debt lowers fixed financial obligations and removes some balance-sheet pressure. This can improve resilience and preserve more flexibility for product development, fundraising, or other capital allocation needs over the next several quarters.
Read all positive factors
Hillcrest Energy Technologies (HEAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$25.10M
Dividend YieldN/A
Average Volume (3M)49.00K
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue GrowthN/A
EPS Growth44.84%
CountryCA
Employees15
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.06
Shares Outstanding209,185,320
10 Day Avg. Volume41,080
30 Day Avg. Volume48,996
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)-2.92
Price to Sales (P/S)0.00
P/FCF Ratio-5.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hillcrest Energy Technologies Business Overview & Revenue Model
Company Description
Established in 2006 and headquartered in Vancouver, Canada, Hillcrest Energy Technologies Ltd. is a clean technology enterprise focused on creating advanced power conversion solutions and sophisticated digital control systems. These innovations ar...
How the Company Makes Money
Public, specific, and verifiable details about Hillcrest Energy Technologies’ (HEAT) current revenue model, primary revenue streams (e.g., licensing, product sales, engineering services), and material commercial partnerships are not available in t...
Hillcrest Energy Technologies Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
25
Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 624.87K |
| Gross Profit | -138.78K | -278.52K | -316.02K | -294.70K | -241.32K | 28.51K |
| EBITDA | -8.27M | -6.13M | -10.50M | -7.77M | -6.08M | -10.89M |
| Net Income | -9.26M | -7.27M | -10.96M | -8.14M | -6.36M | -13.24M |
Balance Sheet | ||||||
| Total Assets | 2.15M | 2.07M | 2.96M | 2.71M | 3.12M | 6.63M |
| Cash, Cash Equivalents and Short-Term Investments | 70.52K | 58.66K | 15.58K | 74.36K | 456.29K | 3.69M |
| Total Debt | 289.99K | 2.52M | 2.22M | 262.79K | 110.95K | 178.53K |
| Total Liabilities | 2.40M | 6.42M | 4.07M | 1.59M | 690.66K | 1.39M |
| Stockholders Equity | -252.63K | -4.35M | -1.11M | 1.12M | 2.43M | 5.25M |
Cash Flow | ||||||
| Free Cash Flow | -5.11M | -2.13M | -7.52M | -4.60M | -5.62M | -6.97M |
| Operating Cash Flow | -5.11M | -2.13M | -7.52M | -4.57M | -5.43M | -4.61M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -24.04K | -54.17K | -2.36M |
| Financing Cash Flow | 5.17M | 2.17M | 7.49M | 4.21M | 2.25M | 10.02M |
Hillcrest Energy Technologies Technical Analysis
Negative
0.14
Price Trends
0.15
Negative
0.15
Negative
0.16
Negative
Market Momentum
>-0.01
Positive
24.76
Positive
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HEAT, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.15, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 24.76 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HEAT.
Hillcrest Energy Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$14.96M | 11.16 | 21.10% | ― | -1.99% | -2.67% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | C$9.19M | -3.11 | 57.50% | ― | 25.44% | 18.90% | |
45 Neutral | C$3.14M | -0.55 | 151.80% | ― | 190.53% | -9.41% | |
44 Neutral | C$25.10M | -1.95 | 386.86% | ― | ― | 44.84% | |
42 Neutral | C$10.69M | -1.85 | -300.81% | ― | 38.43% | 25.00% |
* Technology Sector Average
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Hillcrest Energy Technologies Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Hillcrest Retires Debt Through Equity-Linked Unit Issuance
Neutral
Sep 3, 2026
Hillcrest Energy Technologies has completed a debt settlement with certain arm’s length creditors, issuing 783,870 units at a deemed price of $0.18 per unit to extinguish $141,096.64 in outstanding liabilities. Each unit comprises one common...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.