Westbridge Energy (WEB) AI Stock Analysis

• Market Cap: C$80.84M
• Dividend Yield: N/A
• Average Volume (3M): 37.92K
• Price to Earnings (P/E): 4.1
• Beta (1Y): 1.08
• Revenue Growth: N/A
• EPS Growth: -37.73%
• Country: CA
• Employees: 2
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): 0.20
• Shares Outstanding: 101,044,850
• 10 Day Avg. Volume: 54,782
• 30 Day Avg. Volume: 37,924
• PEG Ratio: -0.06
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Westbridge Energy's overall score is driven by its undervalued stock price and positive corporate events, such as significant sales and portfolio expansion. However, the company's financial performance is weak, with no revenue generation and high liabilities, which poses risks. Technical indicators suggest short-term bullish momentum but caution due to overbought conditions.

Westbridge Energy Business Overview & Revenue Model

Company Description

Westbridge Energy Corporation engages in the acquisition and development of solar photovoltaic (PV) projects in Canada and the United States. The company's flagship asset is the Georgetown project, a 278MWp solar PV plant covering an area of approximately 710 acres located in Vulcan County, Alberta. It also holds 100% interest in the Accalia project, a 221MWp solar PV plant covering an area of approximately 1,120 acres located in Cameron County, Texas; and 75% interest in the Sunnynook Project, a 236MWp solar PV plant with a 100MW battery energy storage system covering an area of approximately 940 acres located in Sunnynook, Alberta, Canada. The company is headquartered in Vancouver, Canada.

How the Company Makes Money

Westbridge Energy makes money through the development, management, and sale of renewable energy projects. The company generates revenue by selling electricity generated from its solar and wind farms to utility companies and other large-scale energy buyers through power purchase agreements (PPAs). Additionally, Westbridge Energy may receive government incentives and tax credits for its contributions to renewable energy production. The company also forms strategic partnerships with other energy firms to leverage technology and expertise, enhancing project efficiency and profitability.

Westbridge Energy Financial Statement Overview

Summary

Westbridge Energy is navigating a challenging financial landscape with no revenue and fluctuating profitability metrics. The balance sheet and cash flow statements show some positive trends, such as improved equity and investment cash flow, but operational inefficiencies and high liabilities remain critical risks.

Income Statement

Westbridge Energy shows no revenue generation in the TTM or past years, which is concerning for business sustainability. The company reported significant improvements in Net Income in the TTM, moving from a loss to a profit. However, negative EBIT and fluctuating EBITDA margins over the years indicate unstable operational efficiency.

Balance Sheet

The balance sheet reflects strong asset growth and a positive equity position in the TTM. The debt-to-equity ratio has improved considerably, indicating better financial leverage and reduced risk. Despite increased equity, the company has high liabilities, which could pose long-term risks if not managed well.

Cash Flow

Despite the negative free cash flow in the TTM, the company has shown significant positive cash flow from investing activities. The operating cash flow has been consistently negative, which is a concern for liquidity and operational sustainability. Improvements in free cash flow compared to the previous year are a positive sign, but the overall cash flow situation remains challenging.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-574.25K	-700.41K	-147.24K	-46.90K	-8.61K	0.00
	EBIT
-6.48M	-13.93M	-3.48M	-1.43M	-645.46K	-64.67K
	EBITDA
25.67M	61.45M	-4.30M	-2.29M	-3.65M	623.57K
	Net Income Common Stockholders
19.78M	55.67M	-3.08M	-2.33M	-3.67M	623.56K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
25.93M	28.39M	2.82M	1.65M	3.24M	390.82K
	Total Assets
60.08M	65.54M	57.81M	7.68M	4.89M	655.56K
	Total Debt
2.50M	2.58M	37.21M	452.91K	6.93K	―
	Net Debt
-23.42M	-25.81M	34.39M	-1.19M	-3.24M	―
	Total Liabilities
9.48M	13.28M	51.81M	1.17M	428.97K	84.36K
	Stockholders Equity
50.46M	52.13M	5.77M	6.42M	4.36M	571.20K
Cash Flow		Free Cash Flow
-19.68M	-18.15M	-38.40M	-4.92M	-1.75M	-200.17K
	Operating Cash Flow
-11.51M	-9.12M	-2.01M	-1.54M	-426.35K	-200.17K
	Investing Cash Flow
52.33M	89.64M	-31.19M	-3.38M	2.94M	0.00
	Financing Cash Flow
-45.75M	-54.92M	34.38M	3.32M	732.76K	582.47K

Westbridge Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WEB, the sentiment is Positive. The current price of 0.8 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.71, and above the 200-day MA of 0.79, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 66.78 is Neutral, neither overbought nor oversold. The STOCH value of 78.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WEB.

Westbridge Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REVV	57 Neutral	C$13.40M	42.59	-0.83%	―	184.70%	―
Sector *	56 Neutral	$7.17B	3.84	-4.86%	5.83%	0.24%	-51.87%
WEB	54 Neutral	C$80.84M	4.09	43.72%	―	―	-37.73%
LCFS	51 Neutral	C$99.35M	―	-107.29%	―	97.32%	-2916.07%
GIP	50 Neutral	C$60.54M	―	-23.39%	―	-13.68%	-1548.28%
GRB	35 Underperform	C$19.48M	―	-78.49%	―	-100.00%	-14.57%

Westbridge Energy Corporate Events

Westbridge Renewable Energy Strengthens Portfolio with Strategic Sales and Expansion

Westbridge Renewable Energy announced a significant update on its international solar and battery storage portfolio, highlighting the successful sale of two Alberta projects generating over $62 million in non-dilutive cash. The company has achieved a 30-fold growth in its portfolio to over 9GW under development and is making strides with its remaining projects in Alberta, Canada. Westbridge continues to expand its battery energy storage projects and explores further opportunities in Ontario and British Columbia, reinforcing its market position in Canada.