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Westbridge Energy
(WEB)
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Rating:48Neutral
Price Target:
C$1.00
▼(-6.54% Downside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by weak financial performance (pre-revenue status, recurring losses, and negative free cash flow), which increases funding and execution risk. A relatively strong balance sheet with low current leverage provides some support, while technicals are mixed/neutral and valuation remains challenging due to negative earnings and no indicated dividend yield.
Positive Factors
Low Current Leverage
Very low current leverage gives Westbridge meaningful balance-sheet capacity relative to its debt burden. This can provide flexibility to fund development and absorb operating volatility without the immediate interest and refinancing pressure associated with a heavily indebted capital structure.
Negative Factors
Pre-Revenue Operating Profile
The absence of reported revenue means Westbridge has not yet demonstrated operating scale, customer monetization, or unit economics. Until projects generate sales, the company cannot rely on internally produced revenue to support development, making execution of its renewable asset strategy especially important.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Current Leverage
Very low current leverage gives Westbridge meaningful balance-sheet capacity relative to its debt burden. This can provide flexibility to fund development and absorb operating volatility without the immediate interest and refinancing pressure associated with a heavily indebted capital structure.
Read all positive factors
Westbridge Energy (WEB) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$29.45M
Dividend Yield6.49%
Average Volume (3M)9.55K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue GrowthN/A
EPS Growth-163.58%
CountryCA
Employees2
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-0.42
Shares Outstanding26,297,462
10 Day Avg. Volume7,495
30 Day Avg. Volume9,555
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.42
Price to Sales (P/S)0.00
P/FCF Ratio-2.97
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)5.21
Revenue Forecast (FY)N/A
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 7...
Westbridge Energy Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -156.08K | 0.00 | -700.41K | -147.24K | -46.90K | -8.61K |
| 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 | 6.93K |
| 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
Negative
1.07
Price Trends
1.11
Positive
1.06
Positive
1.39
Negative
Market Momentum
<0.01
Positive
47.49
Neutral
42.86
Neutral
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 1.07 is below the 20-day moving average (MA) of 1.19, below the 50-day MA of 1.11, and below the 200-day MA of 1.39, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.49 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | C$278.92M | 49.33 | 1.73% | 6.13% | -1.18% | ― | |
60 Neutral | C$5.73B | -40.40 | -3.46% | 3.52% | 15.39% | -180.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$28.00B | 63.41 | 2.64% | 5.22% | 5.92% | 52.60% | |
49 Neutral | C$5.66B | 29.09 | 3.20% | 4.84% | 5.62% | ― | |
48 Neutral | C$29.45M | -2.66 | -29.83% | 6.49% | ― | -163.58% |
* General Sector Average
TSE:WEB
Westbridge Energy
1.13
-1.57
-58.15%
TSE:BEP.UN
Brookfield Renewable Partners
40.43
2.29
6.00%
TSE:PIF
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13.85
0.76
5.81%
TSE:AQN
Algonquin Power & Utilities
7.62
-0.13
-1.69%
TSE:NPI
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21.92
-2.29
-9.45%
Westbridge Energy Corporate Events
Business Operations and StrategyM&A Transactions
Westbridge Sells Alberta Solar-Plus-Storage Project as Market Tailwinds Strengthen
Positive
Aug 28, 2026
Westbridge 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 pay...
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.