Hillcrest Energy Technologies (TSE:HEAT)
:HEAT
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Hillcrest Energy Technologies
(HEAT)
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Rating:48Neutral
Price Target:
C$0.17
▲(23.57% Upside)
Action:ReiteratedDate:01/14/26
The score is held down primarily by very weak financial performance (minimal revenue, ongoing losses, negative equity, and continued cash burn). Technicals are a partial offset with strong trend vs. key moving averages and positive MACD, though overbought readings increase near-term risk. Valuation provides limited support due to the company being loss-making and having no dividend yield data.
Positive Factors
Core Technology & Market Fit
SiC traction inverters address durable EV and clean-energy trends by improving efficiency and power density versus silicon. Owning focused SiC inverter IP positions the company to capture licensing, engineering services, or module opportunities as OEMs shift to SiC, supporting long-term commercial potential.
Negative Factors
No Revenue & Ongoing Losses
Absent meaningful revenue, the company lacks proved product-market traction and must rely on future commercial wins to justify operations. Persistent multi‑million losses erode resources, constrain investment in commercialization, and make medium‑term viability dependent on successful financing or partner deals.
Read all positive and negative factors
Positive Factors
Negative Factors
Core Technology & Market Fit
SiC traction inverters address durable EV and clean-energy trends by improving efficiency and power density versus silicon. Owning focused SiC inverter IP positions the company to capture licensing, engineering services, or module opportunities as OEMs shift to SiC, supporting long-term commercial potential.
Read all positive factors
Hillcrest Energy Technologies (HEAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$14.54M
Dividend YieldN/A
Average Volume (3M)196.16K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue GrowthN/A
EPS Growth40.24%
CountryCA
Employees15
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.01
Shares Outstanding100,283,910
10 Day Avg. Volume407,773
30 Day Avg. Volume196,158
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)-9.07
Price to Sales (P/S)0.00
P/FCF Ratio-1.34
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
Hillcrest Energy Technologies Business Overview & Revenue Model
Company Description
Hillcrest Energy Technologies Ltd., a clean technology company, engages in developing high performance power conversion technologies and digital control systems for powertrains, charging applications, and grid-connected renewable energy generation...
How the Company Makes Money
Hillcrest Energy Technologies generates revenue primarily through the sale and licensing of its proprietary power electronics and control systems. The company's key revenue streams include direct sales to energy providers and manufacturers seeking...
Hillcrest Energy Technologies Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 624.87K | 696.75K |
| Gross Profit | -140.30K | 0.00 | -294.70K | -241.32K | 28.51K | -87.23K |
| EBITDA | -6.95M | -10.50M | -7.77M | -6.08M | -10.89M | -1.96M |
| Net Income | -7.78M | -10.96M | -8.14M | -6.36M | -13.24M | -2.25M |
Balance Sheet | ||||||
| Total Assets | 2.16M | 2.96M | 2.71M | 3.12M | 6.63M | 1.81M |
| Cash, Cash Equivalents and Short-Term Investments | 155.63K | 15.58K | 74.36K | 456.29K | 3.69M | 676.09K |
| Total Debt | 3.35M | 2.22M | 262.79K | 110.95K | 178.53K | 351.94K |
| Total Liabilities | 6.88M | 4.07M | 1.59M | 690.66K | 1.39M | 2.24M |
| Stockholders Equity | -4.72M | -1.11M | 1.12M | 2.43M | 5.25M | -427.60K |
Cash Flow | ||||||
| Free Cash Flow | -1.78M | -7.52M | -4.60M | -5.62M | -6.97M | -1.76M |
| Operating Cash Flow | -1.78M | -7.52M | -4.57M | -5.43M | -4.61M | -1.57M |
| Investing Cash Flow | 0.00 | 0.00 | -24.04K | -54.17K | -2.36M | -184.55K |
| Financing Cash Flow | 1.88M | 7.49M | 4.21M | 2.25M | 10.02M | 2.39M |
Hillcrest Energy Technologies Technical Analysis
Negative
0.14
Price Trends
0.17
Negative
0.16
Negative
0.13
Positive
Market Momentum
>-0.01
Positive
36.36
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HEAT, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.17, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.36 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HEAT.
Hillcrest Energy Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$10.71M | 6.25 | 20.37% | ― | -17.91% | -54.21% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | C$14.54M | -1.95 | 279.58% | ― | ― | 40.24% | |
45 Neutral | C$4.18M | -1.54 | 340.62% | ― | 190.53% | -9.41% | |
43 Neutral | C$10.85M | -32.58 | ― | ― | 26.56% | 94.17% | |
37 Underperform | C$16.03M | -4.69 | -155.37% | ― | -21.98% | -32.07% |
* Technology Sector Average
TSE:HEAT
Hillcrest Energy Technologies
0.15
0.03
31.82%
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TSE:EDY
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1.77
-0.33
-15.71%
Hillcrest Energy Technologies Corporate Events
Business Operations and Strategy
Hillcrest Energy Technologies Hires Martin City Studios to Boost Investor Outreach
Positive
Jan 29, 2026
Hillcrest Energy Technologies has retained U.S.-based Martin City Studios, LLC to provide investor relations and promotional services, including professionally produced interviews and broad distribution across financial media and radio platforms s...
Business Operations and StrategyPrivate Placements and FinancingProduct-Related Announcements
Hillcrest Targets 2026 Market Launch With Indigenous Partnership and Strengthened Balance Sheet
Positive
Jan 15, 2026
Hillcrest Energy Technologies outlined its 2026 commercialization roadmap, highlighting a new Indigenous-majority partnership with Pasqua First Nation and Apeiron Resources to deploy its ZVS technology across Canadian energy storage, AI data cente...
Business Operations and StrategyPrivate Placements and Financing
Hillcrest Closes Final Tranche of Unit Offering to Fund ZVS Technology Push
Positive
Jan 10, 2026
Hillcrest Energy Technologies has closed the final tranche of its previously announced unit offering, raising total gross proceeds of about $4.59 million at $0.09 per unit through a combination of cash subscriptions and the settlement of outstandi...
Business Operations and StrategyPrivate Placements and Financing
Hillcrest Boosts Private Placement to $7.25 Million With Strategic Indigenous Investment
Positive
Jan 1, 2026
Hillcrest Energy Technologies plans to close the second tranche of its previously announced private placement in early January 2026, including a $3 million strategic investment from Pasqua First Nation. The company has increased the cash component...
Business Operations and StrategyProduct-Related Announcements
Hillcrest Validates ZVS Inverter Tech with Tier 1 Auto Supplier, Sharpens Commercialization Push
Positive
Dec 30, 2025
Hillcrest Energy Technologies has completed Phase 1 of a technology evaluation with a top global Tier 1 automotive supplier, successfully converting the supplier’s half-bridge power modules to enable Zero Voltage Switching operation for next...
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.