Westbridge Energy (WEB) AI Stock Analysis

23 Followers

Westbridge Energy

(TSXV:WEB)

Select Model

Rating:48Neutral

Price Target:CAD 1.00▲(0.00% Upside)

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 LeverageVery 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 ProfileThe 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.

Westbridge Energy (WEB) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 26.56M
Dividend Yield: ―
Average Volume (3M): 12.45K
Price to Earnings (P/E): -2.4
Beta (1Y): 0.86
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

Financials reflect a development-stage, pre-revenue profile with recurring losses and ongoing cash burn. Income statement strength is weak (revenue at 0; TTM net loss ~-$10.6M and negative EBITDA) and cash flow is weak (TTM operating cash flow ~-$2.6M; free cash flow ~-$10.2M). The main offset is a comparatively strong balance sheet with low current leverage (debt-to-equity ~0.01; ~$0.44M debt vs ~$34.1M equity), though losses and negative ROE (~-30%) remain a risk to equity over time.

Income Statement

18Very Negative

Balance Sheet

72Positive

Cash Flow

22Negative

Financial statement breakdown
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

Technical Analysis SentimentNegative

Last Price1.00

Price Trends

50DMA1.13Negative

100DMA1.05Negative

200DMA1.34Negative

Market Momentum

MACD-0.02Positive

RSI39.97Neutral

STOCH32.55Neutral

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 1.00 is below the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.13, and below the 200-day MA of 1.34, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.97 is Neutral, neither overbought nor oversold. The STOCH value of 32.55 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

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:WEB against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:PIF	61Neutral	CAD 282.89M	49.86	1.73%	6.10%	-1.18%	―
TSE:NPI	60Neutral	CAD 5.67B	-40.11	-3.46%	3.45%	15.39%	-180.64%
TSE:BEP.UN	56Neutral	CAD 28.67B	65.87	2.64%	5.06%	5.92%	52.60%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:AQN	53Neutral	CAD 6.04B	30.42	3.20%	4.66%	5.62%	―
TSE:WEB	48Neutral	CAD 28.66M	-2.40	-29.83%	―	―	-163.58%

* General Sector Average

Performance Comparison

TSE:WEB and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:WEB	Westbridge Energy	1.00	-1.26	-55.75%
TSE:BEP.UN	Brookfield Renewable Energy Partners	42.92	1.23	2.94%
TSE:PIF	Polaris Renewable Energy Inc.	13.75	1.91	16.12%
TSE:AQN	Algonquin Power	7.87	0.14	1.78%
TSE:NPI	Northland Power (OTC)	22.20	-2.44	-9.91%

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 paymen...

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.

Date of analysis: Oct 23, 2026

Westbridge Energy AI Stock Analysis