Westbridge Energy AI Stock Analysis
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Westbridge Energy (WEB) AI Stock Analysis
Westbridge Energy
(TSXV:WEB)
The score is driven primarily by weak financial fundamentals: Westbridge Energy generates no revenue, posts persistent sizeable losses, and has burned cash in every period shown, leaving it dependent on external financing or asset monetization. Its main cushion is a clean, nearly debt-free balance sheet with about $34M of equity, but that base has shrunk roughly a third over two years as losses accumulate. Technicals reinforce the caution, with the stock below all key moving averages and negative MACD, though oversold RSI and Stochastic readings suggest a potential short-term bounce. Valuation adds no support given negative earnings and no dividend. This remains a high-risk, pre-commercial story whose outcome hinges entirely on converting its development pipeline into revenue-producing assets.
Westbridge Energy (WEB) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 23.67M
- Dividend Yield
- ―
- Average Volume (3M)
- 19.07K
- Price to Earnings (P/E)
- -2.2
- Beta (1Y)
- 0.81
- Revenue Growth
- ―
- EPS Growth
- -163.58%
- Country
- Canada
- Employees
- 2
- Sector
- General
- Sector Strength
- 55
- Industry
- Renewable Utilities
Westbridge Energy Business Overview & Revenue Model
Company Description
Westbridge Energy Corporation specializes in developing and acquiring solar photovoltaic (PV) energy projects across Canada and the United States. Its primary asset is known as the Georgetown project, a 278 MWp solar PV facility spanning roughly 710...
Westbridge Energy Financial Statement Overview
Summary
Westbridge Energy is a pre-revenue renewable project developer with no reported revenue in any period, including the trailing twelve months. Operating losses persist (roughly -$4.7M TTM operating loss and a -$10.6M bottom line after a -$13.1M fiscal 2025 loss), and the lone profitable year (fiscal 2024) stemmed from one-time, non-operating items rather than underlying business activity. Cash generation is the weakest link, with negative operating cash flow in all six periods shown (-$2.6M TTM) and free cash flow of about -$10.2M after development spending. The offsetting strength is a nearly debt-free balance sheet — debt cut from $37.2M in fiscal 2023 to $0.4M, with $34.1M of equity supporting $36.0M of assets — though equity has eroded by roughly a third in two years and return on equity is around -30%, implying future dilution or asset sales will likely be needed.
Income Statement
10Very NegativeBalance Sheet
55NeutralCash Flow
12Very Negative| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -156.08K | 0 | -700.41K | -147.24K | -46.90K | -8,607 |
| EBITDA | -10.69M | -12.80M | 61.45M | -4.30M | -2.29M | -3.65M |
| Net Income | -10.63M | -13.06M | 55.67M | -3.08M | -2.33M | -3.67M |
Balance Sheet | ||||||
| Total Assets | 36.02M | 40.28M | 65.54M | 57.81M | 7.68M | 4.89M |
| Cash, Cash Equivalents and Short-Term Investments | 13.49M | 17.62M | 28.39M | 2.82M | 1.65M | 3.24M |
| Total Debt | 437.21K | 1.20M | 2.58M | 37.21M | 452.91K | 6,935 |
| Total Liabilities | 1.82M | 3.04M | 13.28M | 51.81M | 1.17M | 428.97K |
| Stockholders Equity | 34.08M | 37.11M | 52.13M | 5.77M | 6.42M | 4.36M |
Cash Flow | ||||||
| Free Cash Flow | -10.17M | -17.71M | -18.15M | -38.40M | -4.92M | -1.75M |
| Operating Cash Flow | -2.61M | -8.57M | -9.12M | -2.01M | -1.54M | -426.35K |
| Investing Cash Flow | -8.73M | 4.57M | 89.64M | -31.19M | -3.38M | 2.94M |
| Financing Cash Flow | -5.29M | -6.71M | -54.92M | 34.38M | 3.32M | 732.76K |
Westbridge Energy Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WEB, the sentiment is Negative. The current price of 0.90 is below the 20-day moving average (MA) of 1.03, below the 50-day MA of 1.10, and below the 200-day MA of 1.30, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 36.50 is Neutral, neither overbought nor oversold. The STOCH value of 27.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WEB.
Westbridge Energy Peers Comparison
Overall Rating
TSE:NPI66Neutral
TSE:AQN56Neutral
TSE:PIF55.3Neutral
TSE:BEP.UN46Neutral- TSE:WEB31Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:NPI | 66Neutral | CAD 5.96B | -41.15 | -3.46% | 3.37% | 15.39% | -180.64% |
| TSE:AQN | 56Neutral | CAD 6.11B | 26.89 | 3.65% | 4.56% | 7.56% | ― |
| TSE:PIF | 55Neutral | CAD 289.15M | -73.81 | -1.17% | 6.15% | -2.72% | 75.00% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:BEP.UN | 46Neutral | CAD 29.79B | 165.12 | 1.19% | 5.07% | 6.90% | 14.18% |
| TSE:WEB | 31Underperform | CAD 23.40M | -2.16 | -29.83% | ― | ― | -163.58% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:WEB | Westbridge Energy | 0.90 | -1.23 | -57.75% | |
| TSE:BEP.UN | Brookfield Renewable Energy Partners | 42.18 | 3.44 | 8.88% | |
| TSE:PIF | Polaris Renewable Energy Inc. | 13.40 | 2.13 | 18.87% | |
| TSE:AQN | Algonquin Power | 7.90 | -0.16 | -1.95% | |
| TSE:NPI | Northland Power (OTC) | 22.57 | 4.76 | 26.73% |
Westbridge Energy Corporate Events
Westbridge Sells Alberta Solar-Plus-Storage Project as Market Tailwinds Strengthen
PositiveWestbridge Renewable Energy has agreed to sell its advanced-stage Red Willow solar-plus-storage project in Alberta through a definitive share purchase agreement, valuing total potential proceeds at about CAD $26.7 million, subject to milestone paymen...
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.
Date of analysis: Nov 07, 2026