Eguana Technologies Inc (TSE:EGT)
:EGT
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Eguana Technologies
(EGT)
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Rating:40Underperform
Price Target:
C$0.09
▼(-22.50% Downside)
Action:N/ADate:01/04/26
The score is driven primarily by weak financial performance, highlighted by negative equity, high leverage, and large ongoing losses versus a very small revenue base. Technical indicators also lean negative with price below key moving averages and a negative MACD. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Product-market fit in residential storage
Eguana’s core business targets residential and small commercial energy storage and VPP participation, a structural market driven by solar adoption, backup needs, and grid services. This alignment provides durable demand tailwinds if the company can scale distribution and execution over the next 2–6 months.
Negative Factors
Severely stressed balance sheet
Negative shareholders' equity and debt far exceeding assets represent structural solvency and financing risks. This extreme leverage limits strategic flexibility, increases refinancing/default risk, and constrains investment in growth or product development without dilutive or costly financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Product-market fit in residential storage
Eguana’s core business targets residential and small commercial energy storage and VPP participation, a structural market driven by solar adoption, backup needs, and grid services. This alignment provides durable demand tailwinds if the company can scale distribution and execution over the next 2–6 months.
Read all positive factors
Eguana Technologies (EGT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.20M
Dividend YieldN/A
Average Volume (3M)22.35K
Price to Earnings (P/E)―
Beta (1Y)-0.29
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees61
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.04
Shares Outstanding45,195,602
10 Day Avg. Volume10,181
30 Day Avg. Volume22,349
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)-0.23
Price to Sales (P/S)12.14
P/FCF Ratio-136.14
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)N/A
Revenue Forecast (FY)N/A
Eguana Technologies Business Overview & Revenue Model
Company Description
Eguana Technologies Inc. designs and manufactures residential and commercial energy storage systems for fuel cell, photovoltaic, and battery applications in Canada, Asia, Australia, Europe, and the United States. It provides its products under the...
How the Company Makes Money
Eguana primarily makes money by selling energy storage products and associated components into residential and small commercial markets, typically through distribution partners, solar/install channels, and utility programs. Key revenue streams inc...
Eguana Technologies Earnings Call Summary
Earnings Call Date:Nov 28, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Jun 01, 2026
Earnings Call Sentiment Neutral
Eguana Technologies demonstrated strategic progress in utility partnerships and cost management, yet faced significant revenue declines and challenges in international markets. The focus on utility channels represents a strategic shift amid ongoing macroeconomic constraints.Positive Updates
Exclusive Utility Program in BC
Eguana Technologies announced an exclusive utility program in British Columbia, marking the largest fleet aggregated behind-the-meter rollout for this application.
Negative Updates
Significant Revenue Decline
Q3 2024 revenue of $0.3 million was much lower compared to Q3 2023 revenue of $2.5 million, due to macroeconomic factors and a drop in consumer rooftop solar generation.
Read all updates
Q3-2024 Updates
Positive
Negative
Exclusive Utility Program in BC
Eguana Technologies announced an exclusive utility program in British Columbia, marking the largest fleet aggregated behind-the-meter rollout for this application.
Read all positive updates
Company Guidance
During the Eguana Technologies Inc. third-quarter 2024 earnings call, the company provided several key metrics and updates regarding its strategic direction and financial performance. Eguana reported a significant decrease in revenue to $0.3 million compared to $2.5 million in the same quarter of 2023, attributed to ongoing macroeconomic challenges impacting consumer spending and the renewable energy sector. Despite this, the company achieved a nearly 50% reduction in operating expenses year-to-date, from $9.1 million in 2023 to $4.7 million in 2024. Their strategic focus has shifted towards utility channels, exemplified by collaborations like the 200-unit pilot program with BC Hydro, which is expected to be fully deployed by spring 2025. Eguana's technology, particularly the Eguana Edge and Cloud platforms, is being positioned as a differentiator in the utility space, offering integrated energy storage solutions. The company also noted reduced costs and improved margins through product development and strategic partnerships, while remaining optimistic about future opportunities in utility-driven markets.Eguana Technologies Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
5
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Sep 2025 | Jun 2025 | Mar 2024 | Sep 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 902.10K | 751.87K | 9.76M | 13.46M | 7.17M |
| Gross Profit | 584.47K | -218.07K | -2.17M | -358.83K | 469.46K |
| EBITDA | -4.45M | -7.54M | -24.24M | -11.31M | -8.78M |
| Net Income | -11.73M | -17.88M | -35.59M | -13.46M | -11.58M |
Balance Sheet | |||||
| Total Assets | 8.48M | 9.48M | 21.46M | 47.40M | 14.91M |
| Cash, Cash Equivalents and Short-Term Investments | 43.38K | 307.45K | 814.00K | 15.04M | 4.60M |
| Total Debt | 50.69M | 39.42M | 35.89M | 36.48M | 655.75K |
| Total Liabilities | 63.60M | 51.97M | 46.58M | 43.78M | 11.42M |
| Stockholders Equity | -47.81M | -42.48M | -25.13M | 3.62M | 3.49M |
Cash Flow | |||||
| Free Cash Flow | -80.43K | 1.55M | -12.35M | -34.89M | -15.19M |
| Operating Cash Flow | -84.99K | 1.55M | -11.76M | -33.70M | -14.84M |
| Investing Cash Flow | -9.90K | 0.00 | -585.66K | -1.07M | -351.08K |
| Financing Cash Flow | -204.76K | -2.04M | -1.94M | 44.61M | 19.36M |
Eguana Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | C$487.97M | 79.82 | 14.29% | ― | 46.80% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | C$10.87M | -7.82 | -1552.79% | ― | 27.76% | -0.37% | |
40 Underperform | C$5.20M | -1.12 | 26.22% | ― | ― | ― | |
| ― | C$24.78M | -3.24 | -67.64% | ― | ― | -8.37% | |
40 Underperform | C$4.94M | -1.85 | ― | ― | -3.93% | -27.37% |
* General Sector Average
TSE:EGT
Eguana Technologies
0.12
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-22.82%
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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.