Top Page
Hillcrest Energy Technologies
(HEAT)
Hillcrest Energy Technologies (HEAT) vs. iShares MSCI Canada ETF (EWC)
Hillcrest Energy Technologies Business Overview & Revenue Model
Hillcrest Energy Technologies Financial Statement Overview
| 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
Hillcrest Energy Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$11.27M | 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$15.54M | -1.95 | 279.58% | ― | ― | 40.24% | |
45 Neutral | C$4.18M | -1.54 | 340.62% | ― | 190.53% | -9.41% | |
43 Neutral | C$11.58M | -32.58 | ― | ― | 26.56% | 94.17% | |
37 Underperform | C$16.76M | -4.69 | -155.37% | ― | -21.98% | -32.07% |
Hillcrest Energy Technologies Corporate Events
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 such as The Ellis Martin Report, South Florida’s True Oldies Channel, Bloomberg, iHeartRadio, and Yahoo Finance. The six-month engagement, running from January 29 to July 29, 2026, is intended to enhance Hillcrest’s visibility among investors and capital markets audiences at a modest cost, underscoring the company’s push to raise its profile as it advances its clean power conversion technologies and seeks to strengthen its position within the competitive cleantech and renewable energy ecosystem.
The most recent analyst rating on (TSE:HEAT) stock is a Hold with a C$0.18 price target. To see the full list of analyst forecasts on Hillcrest Energy Technologies stock, see the TSE:HEAT Stock Forecast page.
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 center, microgrid and critical infrastructure markets. Backed by a $3 million strategic investment from Pasqua First Nation and a recently completed financing that raised about $4.4 million in cash while settling $2.8 million in debt, the company has strengthened its balance sheet to support technology development, commercialization and working capital, and is transitioning from validation to market entry following successful testing with automotive OEMs and Tier One suppliers. A key product, the 200kW ZVS PCS1000 power conversion system for 800V DC architectures in AI data centers and grid applications, is expected to be ready for customer demonstrations in Q2 2026, positioning Hillcrest to tap into Canada’s rapidly expanding clean energy and storage market and the surging global demand for efficient data center power solutions.
The most recent analyst rating on (TSE:HEAT) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Hillcrest Energy Technologies stock, see the TSE:HEAT Stock Forecast page.
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 outstanding debt with an arm’s-length creditor. The financing, which included a strategic investment from Pasqua First Nation and resulted in the issuance of over 51 million common shares and an equal number of warrants, strengthens the company’s balance sheet and reduces debt while providing capital to advance and commercialize its ZVS power-conversion technology, support marketing and investor-relations efforts, and fund general working capital needs, potentially improving its operational runway and positioning within the electrification and renewables market.
The most recent analyst rating on (TSE:HEAT) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Hillcrest Energy Technologies stock, see the TSE:HEAT Stock Forecast page.
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 of the offering to $4.4 million and adjusted the debt settlement portion to $2.85 million, modestly lifting the total offering size to $7.25 million due to oversubscriptions; the transaction will significantly expand the share count but is proceeding under a financial difficulties exemption from Canadian Securities Exchange security-holder approval rules. Proceeds are earmarked for further development of Hillcrest’s ZVS technology, product marketing, investor relations, paying down accounts payable and general working capital, moves that aim to stabilize the balance sheet and support ongoing commercialization efforts in the power conversion and renewable energy markets.
The most recent analyst rating on (TSE:HEAT) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Hillcrest Energy Technologies stock, see the TSE:HEAT Stock Forecast page.
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-generation EV inverter platforms. This phase delivered technical proof of concept through prototype design, testing and delivery, validating that Hillcrest’s ZVS technology can be integrated into established automotive architectures and reinforcing the company’s positioning as a partner for leading OEMs and suppliers. Building on commercial traction inverter prototypes that have achieved up to 99.7% efficiency and system-level gains of up to 6% under standardized test procedures, Hillcrest is now concentrating on monetizing its technology via licensing, joint development and strategic partnerships that can provide high-value, near-term revenue and potentially non-dilutive funding. In parallel, the company is advancing its ZVS PCS1000 (200kW, 1000V) grid-connected converter toward A-sample demonstrations targeted for the second quarter of 2026, with a particular focus on applications such as data centers, energy storage and EV charging, including next-generation AI data centers that require more efficient, high-voltage DC power distribution, thereby expanding Hillcrest’s addressable market and strategic relevance across both automotive and critical power infrastructure segments.