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Westbridge Energy ( (TSE:WEB) ) has issued an update.
Westbridge Renewable Energy has secured key regulatory approvals from the Alberta Utilities Commission for its Red Willow Solar and Battery Energy Storage Project, including power plant and BESS authorization and a substation permit, enabling construction and operation of a 225 MWac solar facility with 200 MWh of storage in Stettler County, Alberta. The decision means Westbridge now has approvals for four of its five Alberta projects, marking the final major regulatory milestone for Red Willow and moving it close to ready-to-build status, underscoring the company’s execution capabilities in developing utility-scale renewable assets and strengthening its position in the fast-growing Canadian solar and storage market.
The most recent analyst rating on (TSE:WEB) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Westbridge Energy stock, see the TSE:WEB Stock Forecast page.
Spark’s Take on TSE:WEB Stock
According to Spark, TipRanks’ AI Analyst, TSE:WEB is a Neutral.
The score is held back primarily by weak financial quality—zero revenue reported, persistent EBIT losses, and consistently negative operating/free cash flow—despite a stronger recent balance sheet. Technicals are also soft with the stock below key moving averages. Offsetting factors include an optically low P/E and positive project/strategy milestones that could improve fundamentals if they translate into recurring revenue and cash generation.
To see Spark’s full report on TSE:WEB stock, click here.
More about Westbridge Energy
Westbridge Renewable Energy is a pure-play international developer of utility-scale solar photovoltaic and stand-alone battery energy storage projects, with a portfolio across Canada, the U.S., the U.K. and Italy. The company focuses on originating, developing, operating and monetizing greenfield renewable energy assets that help meet growing power demand and improve grid reliability, offering investors exposure to early-stage solar and storage projects through a management team with experience across more than 40 developments worldwide.
Average Trading Volume: 31,014
Technical Sentiment Signal: Sell
Current Market Cap: C$50.05M
Find detailed analytics on WEB stock on TipRanks’ Stock Analysis page.