Westwater Resources Inc (WWR)
:WWR
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Westwater Resources
(WWR)
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Rating:45Neutral
Price Target:
$0.68
▼(-2.03% Downside)
Action:ReiteratedDate:04/19/26
The score is weighed down primarily by weak financial performance (pre-revenue profile with sustained losses and cash burn) and a bearish-to-mixed technical setup (below key moving averages with negative MACD). Corporate events are mixed and provide only modest support, while valuation metrics offer limited positive signal given negative earnings and no dividend.
Positive Factors
Domestic graphite supply-chain positioning
Westwater’s U.S.-based graphite strategy aligns with structural reshoring and policy support for critical minerals. Being near EV and battery hubs and positioning as a domestic mine-to-market supplier can secure durable demand, reduce logistics risk, and improve appeal to customers seeking non-China supply sources.
Negative Factors
Pre-revenue with widening net losses
The company remains essentially pre-revenue with widening net losses, indicating it has yet to translate projects into recurring sales. Persistent losses dilute equity value, increase dependence on capital markets, and extend the time-to-profitability risk that could impair long-term shareholder returns if production or demand timelines slip.
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Positive Factors
Negative Factors
Domestic graphite supply-chain positioning
Westwater’s U.S.-based graphite strategy aligns with structural reshoring and policy support for critical minerals. Being near EV and battery hubs and positioning as a domestic mine-to-market supplier can secure durable demand, reduce logistics risk, and improve appeal to customers seeking non-China supply sources.
Read all positive factors
Westwater Resources (WWR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$82.91M
Dividend YieldN/A
Average Volume (3M)951.13K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue GrowthN/A
EPS Growth-42.92%
CountryUS
Employees21
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.31
Shares Outstanding124,702,950
10 Day Avg. Volume897,314
30 Day Avg. Volume951,127
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.36
Price to Sales (P/S)0.00
P/FCF Ratio-2.99
Enterprise Value/Market Cap0.18
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-19.26
Enterprise Value/Ebitda-0.74
Forecast
1Y Price Target
$1.88Price Target Upside171.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.2
Revenue Forecast (FY)N/A
Westwater Resources Business Overview & Revenue Model
Company Description
Westwater Resources, Inc. operates as an energy materials developer. The company holds interests in Coosa graphite project covering an area of approximately 41,965 acres situated in Coosa County, Alabama. The company was formerly known as Uranium ...
How the Company Makes Money
As of publicly available information, Westwater Resources’ primary business model is oriented toward generating future revenue from processing and selling battery-grade graphite anode material produced at its planned Alabama facility. Under this m...
Westwater Resources Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment with significant progress in operational and financial aspects, such as advancements at the Kellyton Graphite Plant and a strong cash position. However, there were notable challenges, especially with the termination of a key offtake agreement with Stellantis, affecting the debt syndication process. The company is actively navigating these challenges with an adaptive strategy.Positive Updates
Advancements in Kellyton Graphite Plant
Significant progress at the Kellyton Graphite Plant, including the successful launch of the commercial micronizer and shaping mills, and the production of over 1 metric ton of CSPG for customers.
Negative Updates
Termination of Offtake Agreement with Stellantis
Fiat Chrysler Automotive, a division of Stellantis, unexpectedly terminated its offtake agreement, impacting debt syndication reliant on that offtake support.
Read all updates
Q3-2025 Updates
Positive
Negative
Advancements in Kellyton Graphite Plant
Significant progress at the Kellyton Graphite Plant, including the successful launch of the commercial micronizer and shaping mills, and the production of over 1 metric ton of CSPG for customers.
Read all positive updates
Company Guidance
In the recent third-quarter 2025 business update call for Westwater Resources, key metrics and strategic direction were discussed. The company has invested approximately $125 million in developing the Kellyton Graphite Plant, which is part of its strategic effort to optimize ramp-up and align production capacity with existing offtake commitments. Westwater raised around $55 million in the second half of the year through an ATM program and convertible note offering, with a current cash balance of approximately $53 million as of November 5. The company is focused on completing an evaluation of the Kellyton Phase 1 optimization by the fourth quarter and aims to provide updates in early 2026. Furthermore, Westwater is advancing the permitting process for the Coosa deposit, which remains integral to its vertically integrated business model. The company is also exploring potential government funding opportunities, including engaging with the Department of Energy's Critical Materials Innovation initiative, to support its growth and secure the supply chain for battery materials.Westwater Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -745.00K | -284.00K | -221.00K | -180.00K | -130.00K |
| EBITDA | -13.79M | -11.22M | -7.53M | -11.84M | -16.01M |
| Net Income | -27.33M | -12.66M | -7.75M | -11.12M | -16.14M |
Balance Sheet | |||||
| Total Assets | 194.53M | 146.36M | 149.83M | 168.41M | 132.98M |
| Cash, Cash Equivalents and Short-Term Investments | 48.58M | 4.27M | 10.85M | 75.20M | 115.29M |
| Total Debt | 5.97M | 235.00K | 357.00K | 91.00K | 235.00K |
| Total Liabilities | 13.00M | 13.23M | 9.39M | 26.44M | 6.79M |
| Stockholders Equity | 181.53M | 133.12M | 140.44M | 141.97M | 126.20M |
Cash Flow | |||||
| Free Cash Flow | -21.59M | -11.96M | -69.72M | -65.97M | -20.27M |
| Operating Cash Flow | -9.90M | -5.81M | -11.43M | -13.18M | -16.92M |
| Investing Cash Flow | -11.43M | -4.64M | -58.30M | -52.79M | -2.11M |
| Financing Cash Flow | 65.63M | 3.87M | 5.38M | 25.87M | 83.99M |
Westwater Resources Technical Analysis
Neutral
0.69
Price Trends
0.76
Negative
0.87
Negative
0.95
Negative
Market Momentum
-0.03
Negative
51.30
Neutral
76.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WWR, the sentiment is Neutral. The current price of 0.69 is above the 20-day moving average (MA) of 0.63, below the 50-day MA of 0.76, and below the 200-day MA of 0.95, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.30 is Neutral, neither overbought nor oversold. The STOCH value of 76.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WWR.
Westwater Resources Risk Analysis
Westwater Resources disclosed 30 risk factors in its most recent earnings report. Westwater Resources reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Westwater Resources Peers Comparison
UnderperformOutperform
Sector (61)
WWR
Westwater Resources
0.66
0.18
35.79%
ABAT
American Battery Technology
3.17
1.83
136.57%
IONR
ioneer Limited Sponsored ADR
4.13
0.48
13.15%
Westwater Resources Corporate Events
Business Operations and Strategy
Westwater Highlights U.S. Graphite Strategy at Investor Conference
Positive
Apr 9, 2026
On April 9 and 10, 2026, Westwater Resources’ executive chairman Terence Cryan and CFO Steven Cates were scheduled to present at the Moneyshow Investor Conference, outlining updates to the company’s business plan. Their investor presen...
Business Operations and Strategy
Westwater Faces Graphite Supply Agreement Termination, Adjusts Strategy
Negative
Apr 1, 2026
On March 31, 2026, Westwater Resources received notice that SK On Co., Ltd. was terminating a Products Procurement Agreement signed in February 2024 for the purchase of coated spherical purified graphite from the Kellyton Graphite Plant. The agree...
Business Operations and Strategy
Westwater Highlights Graphite Expansion at DealFlow Discovery Conference
Positive
Jan 29, 2026
On January 29, 2026, Westwater Resources’ Executive Chairman Terence Cryan was scheduled to present at the DealFlow Discovery Conference, using an updated investor presentation that outlines progress and plans for the company’s graphit...
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.