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Westbridge Energy Corp (TSE:WEB)
:WEB
Canadian Market

Westbridge Energy (WEB) AI Stock Analysis

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TSE:WEB

Westbridge Energy

(WEB)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
C$1.50
▼(-30.56% Downside)
Action:ReiteratedDate:04/04/26
The score is held down primarily by weak financial performance—minimal recurring revenue, ongoing losses, and persistent cash burn—despite improved leverage on the balance sheet. Technicals add pressure with the stock trading below key moving averages and negative MACD. Valuation is difficult to justify on earnings due to losses and no dividend support.
Positive Factors
Improved Leverage
Material reduction in leverage from very high 2023 levels to near-zero in 2024–2025 meaningfully lowers refinancing and solvency risk. This stronger capital structure increases runway for operating initiatives and reduces interest burden, improving durability of balance-sheet financing capacity.
Negative Factors
Persistent Negative Cash Flow
Consistent negative operating and free cash flow forces ongoing reliance on external financing, increasing execution risk over months. Without sustainable cash generation, the company faces funding needs for operations and projects that can dilute equity or require costly debt, weakening long-term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
Material reduction in leverage from very high 2023 levels to near-zero in 2024–2025 meaningfully lowers refinancing and solvency risk. This stronger capital structure increases runway for operating initiatives and reduces interest burden, improving durability of balance-sheet financing capacity.
Read all positive factors

Westbridge Energy (WEB) vs. iShares MSCI Canada ETF (EWC)

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 appro...

Westbridge Energy Financial Statement Overview

Summary
Overall fundamentals are weak: the business shows essentially no recurring revenue, negative EBIT across all years, and earnings quality is questionable given a one-off net profit in 2024 followed by a large loss in 2025. The balance sheet is a relative positive with materially reduced leverage in 2024–2025, but persistent negative operating cash flow and negative free cash flow keep funding and execution risk elevated.
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
BreakdownNov 2025Feb 2025Feb 2024Feb 2023Feb 2022
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit0.00-700.41K-147.24K-46.90K-8.61K
EBITDA-12.80M61.45M-4.30M-2.29M-3.65M
Net Income-13.06M55.67M-3.08M-2.33M-3.67M
Balance Sheet
Total Assets40.28M65.54M57.81M7.68M4.89M
Cash, Cash Equivalents and Short-Term Investments17.62M28.39M2.82M1.65M3.24M
Total Debt1.20M2.58M37.21M452.91K6.93K
Total Liabilities3.04M13.28M51.81M1.17M428.97K
Stockholders Equity37.11M52.13M5.77M6.42M4.36M
Cash Flow
Free Cash Flow-17.71M-18.15M-38.40M-4.92M-1.75M
Operating Cash Flow-8.57M-9.12M-2.01M-1.54M-426.35K
Investing Cash Flow4.57M89.64M-31.19M-3.38M2.94M
Financing Cash Flow-6.71M-54.92M34.38M3.32M732.76K

Westbridge Energy Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.16
Price Trends
50DMA
1.79
Negative
100DMA
1.96
Negative
200DMA
2.22
Negative
Market Momentum
MACD
-0.03
Negative
RSI
42.26
Neutral
STOCH
21.11
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 2.16 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.79, and below the 200-day MA of 2.22, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 42.26 is Neutral, neither overbought nor oversold. The STOCH value of 21.11 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

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
$17.65B18.105.60%3.62%6.62%11.55%
64
Neutral
C$266.41M-64.76-1.09%7.11%8.26%-267.17%
61
Neutral
C$6.28B-28.57-3.92%6.80%-4.86%-86.64%
58
Neutral
C$31.88B-400.322.67%5.56%14.78%-9.37%
51
Neutral
C$6.65B25.553.88%4.32%-4.72%96.98%
46
Neutral
C$3.76B422.170.45%2.62%-11.91%-132.41%
44
Neutral
C$42.22M-4.03-28.33%-51.92%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:WEB
Westbridge Energy
1.67
-0.58
-25.78%
TSE:BEP.UN
Brookfield Renewable Partners
46.60
18.95
68.54%
TSE:BLX
Boralex Inc Cl A
36.60
11.05
43.25%
TSE:PIF
Polaris Infrastructure
12.75
2.29
21.93%
TSE:AQN
Algonquin Power & Utilities
8.65
2.25
35.22%
TSE:NPI
Northland Power
24.00
6.60
37.95%

Westbridge Energy Corporate Events

Business Operations and StrategyShareholder Meetings
Westbridge Renewable to Redomicile from Canada to Luxembourg
Positive
Mar 13, 2026
Westbridge Renewable Energy plans to shift its corporate domicile from British Columbia to Luxembourg under the new name Westbridge Renewable Energy S.A., pending shareholder and regulatory approvals expected around April 8, 2026. The move is desi...
Business Operations and StrategyRegulatory Filings and Compliance
Westbridge Wins Alberta Approval for 225 MW Red Willow Solar-Storage Project
Positive
Jan 29, 2026
Westbridge Renewable Energy has secured key regulatory approvals from the Alberta Utilities Commission for its Red Willow Solar and Battery Energy Storage Project, including power plant and BESS authorization and a substation permit, enabling cons...
Business Operations and StrategyRegulatory Filings and Compliance
Westbridge Wins Key Alberta Approval for 225 MW Red Willow Solar-Storage Project
Positive
Jan 29, 2026
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 a...
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.Date of analysis: Apr 04, 2026