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The latest announcement is out from Westbridge Energy ( (TSE:WEB) ).
Westbridge Renewable Energy has secured key regulatory approvals from the Alberta Utilities Commission for its Red Willow Solar and Battery Storage Project, including power plant and battery energy storage system approval and a substation permit and licence. The decision allows its Red Willow subsidiary to construct and operate a 225 MWac solar facility and 200 MWh battery storage system in Stettler County, Alberta, marking the fourth of the company’s five Alberta projects to clear this regulatory hurdle and moving Red Willow close to ready-to-build status, with interconnection applications expected later this year; management framed the approval as confirmation of its ability to advance large-scale greenfield solar and storage projects from concept to construction readiness, strengthening its positioning in Alberta’s utility-scale renewables 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 clean energy assets to meet growing electricity demand and support grid reliability, drawing on management’s track record of more than 40 development projects worldwide.
Average Trading Volume: 31,014
Technical Sentiment Signal: Sell
Current Market Cap: C$50.05M
See more insights into WEB stock on TipRanks’ Stock Analysis page.