Westbridge Energy (WEB) AI Stock Analysis

• Market Cap: C$54.86M
• Dividend Yield: N/A
• Average Volume (3M): 40.68K
• Price to Earnings (P/E): 3.3
• Beta (1Y): 1.26
• Revenue Growth: N/A
• EPS Growth: -51.92%
• Country: CA
• Employees: 2
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): -0.05
• Shares Outstanding: 25,279,963
• 10 Day Avg. Volume: 32,639
• 30 Day Avg. Volume: 40,681
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$2.00 ▼(-6.98% Downside)

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.

Positive Factors

Portfolio Expansion

The significant expansion of Westbridge Energy's portfolio indicates strong growth potential and enhances its competitive position in the renewable energy sector, supporting long-term revenue generation through diversified project offerings.

Strategic Sales

The strategic sale of projects provides substantial cash inflow, improving liquidity and enabling further investment in growth opportunities, which strengthens the company's financial position and supports sustainable expansion.

Market Position

By expanding its battery energy storage projects and exploring new opportunities, Westbridge Energy is solidifying its market presence in Canada, which can lead to increased market share and long-term competitive advantages in the renewable energy industry.

Negative Factors

No Revenue Generation

The lack of revenue generation raises concerns about the company's ability to sustain operations and achieve profitability, which could impact its financial stability and long-term viability if not addressed.

High Liabilities

High liabilities can strain financial resources and limit strategic flexibility, potentially impacting Westbridge Energy's ability to invest in growth initiatives and manage financial risks effectively over the long term.

Negative Operating Cash Flow

Consistently negative operating cash flow indicates challenges in generating sufficient cash from operations, which can affect liquidity and hinder the company's ability to fund day-to-day operations and future growth.

Westbridge Energy Business Overview & Revenue Model

Company Description

Westbridge Energy Corporation engages in the acquisition and development of solar photovoltaic (PV) projects in Canada and the United States. The company's flagship asset is the Georgetown project, a 278MWp solar PV plant covering an area of approximately 710 acres located in Vulcan County, Alberta. It also holds 100% interest in the Accalia project, a 221MWp solar PV plant covering an area of approximately 1,120 acres located in Cameron County, Texas; and 75% interest in the Sunnynook Project, a 236MWp solar PV plant with a 100MW battery energy storage system covering an area of approximately 940 acres located in Sunnynook, Alberta, Canada. The company is headquartered in Vancouver, Canada.

How the Company Makes Money

Westbridge Energy makes money through the development, management, and sale of renewable energy projects. The company generates revenue by selling electricity generated from its solar and wind farms to utility companies and other large-scale energy buyers through power purchase agreements (PPAs). Additionally, Westbridge Energy may receive government incentives and tax credits for its contributions to renewable energy production. The company also forms strategic partnerships with other energy firms to leverage technology and expertise, enhancing project efficiency and profitability.

Westbridge Energy Financial Statement Overview

Summary

Westbridge Energy is navigating a challenging financial landscape with no revenue and fluctuating profitability metrics. The balance sheet and cash flow statements show some positive trends, such as improved equity and investment cash flow, but operational inefficiencies and high liabilities remain critical risks.

Income Statement

Westbridge Energy shows no revenue generation in the TTM or past years, which is concerning for business sustainability. The company reported significant improvements in Net Income in the TTM, moving from a loss to a profit. However, negative EBIT and fluctuating EBITDA margins over the years indicate unstable operational efficiency.

Balance Sheet

The balance sheet reflects strong asset growth and a positive equity position in the TTM. The debt-to-equity ratio has improved considerably, indicating better financial leverage and reduced risk. Despite increased equity, the company has high liabilities, which could pose long-term risks if not managed well.

Cash Flow

Despite the negative free cash flow in the TTM, the company has shown significant positive cash flow from investing activities. The operating cash flow has been consistently negative, which is a concern for liquidity and operational sustainability. Improvements in free cash flow compared to the previous year are a positive sign, but the overall cash flow situation remains challenging.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-774.85K	-700.41K	-147.24K	-46.90K	-8.61K	0.00
EBITDA	22.54M	61.45M	-4.30M	-2.29M	-3.65M	623.57K
Net Income	16.58M	55.67M	-3.08M	-2.33M	-3.67M	623.56K
Balance Sheet
Total Assets	51.50M	65.54M	57.81M	7.68M	4.89M	655.56K
Cash, Cash Equivalents and Short-Term Investments	30.17M	28.39M	2.82M	1.65M	3.24M	390.82K
Total Debt	1.83M	2.58M	37.21M	452.91K	6.93K	―
Total Liabilities	3.06M	13.28M	51.81M	1.17M	428.97K	84.36K
Stockholders Equity	48.31M	52.13M	5.77M	6.42M	4.36M	571.20K
Cash Flow
Free Cash Flow	-17.01M	-18.15M	-38.40M	-4.92M	-1.75M	-200.17K
Operating Cash Flow	-8.51M	-9.12M	-2.01M	-1.54M	-426.35K	-200.17K
Investing Cash Flow	60.10M	89.64M	-31.19M	-3.38M	2.94M	0.00
Financing Cash Flow	-37.91M	-54.92M	34.38M	3.32M	732.76K	582.47K

Westbridge Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WEB, the sentiment is Negative. The current price of 2.15 is below the 20-day moving average (MA) of 2.15, below the 50-day MA of 2.20, and below the 200-day MA of 2.47, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.39 is Neutral, neither overbought nor oversold. The STOCH value of 46.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WEB.

Westbridge Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PIF	58 Neutral	C$257.11M	-15.93	-4.69%	7.11%	8.26%	-267.17%
BEP.UN	56 Neutral	$25.61B	-30.50	-5.58%	5.56%	14.78%	-9.37%
AQN	54 Neutral	C$6.64B	-157.95	2.04%	4.32%	-4.72%	96.98%
NPI	53 Neutral	$4.71B	-16.55	-7.06%	6.80%	-4.86%	-86.64%
WEB	50 Neutral	C$54.86M	3.31	42.58%	―	―	-51.92%
BLX	47 Neutral	C$2.63B	-114.43	-1.47%	2.62%	-11.91%	-132.41%

Westbridge Energy Corporate Events

Westbridge Renewable Energy’s Dolcy Project Approved for Construction

Westbridge Renewable Energy has received final approvals from the Alberta Utilities Commission for its Dolcy Solar + Energy Storage Project, marking it ready for construction. This project, located in Alberta, combines a 300 MWac solar power plant with a 200 MWh battery storage system and is expected to power over 58,000 homes. This milestone underscores Westbridge’s position as a leading renewable energy developer in Alberta, following the successful development of the Georgetown and Sunnynook projects, which were sold for significant cash returns.

Westbridge Renewable Energy Expands Data Centre Portfolio with Alabama Project

Westbridge Renewable Energy has announced the expansion of its data centre portfolio with a new project in Alabama, USA. This project aligns with the company’s strategy to diversify its asset base and capitalize on the growing demand for AI-ready data centres. The Alabama Data Centre Project is strategically located near major fibre routes and renewable energy sites, offering reliable power and connectivity. This expansion marks Westbridge’s continued evolution in integrating renewable power with digital infrastructure, strengthening its position in the renewable energy and AI sectors. The company plans to provide further updates on the project, including capacity and development timeline, in the coming months.

Westbridge Renewable Energy to Present at Toronto’s 2025 Planet MicroCap Showcase

Westbridge Renewable Energy announced its participation in the 2025 Planet MicroCap Showcase in Toronto, highlighting its commitment to engaging with investors and stakeholders. This presentation underscores Westbridge’s strategic focus on expanding its presence in the renewable energy sector and enhancing its market positioning by showcasing its portfolio of international renewable energy projects.