Westwater Resources (WWR) AI Stock Analysis

• Market Cap: $112.09M
• Dividend Yield: N/A
• Average Volume (3M): 2.89M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: N/A
• EPS Growth: -80.01%
• Country: US
• Employees: 21
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.12
• Shares Outstanding: 117,989,460
• 10 Day Avg. Volume: 3,261,618
• 30 Day Avg. Volume: 2,889,953
• PEG Ratio: -0.07
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.47
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -46.43
• Enterprise Value/Ebitda: -1.44
• 1Y Price Target: $1.75
• Price Target Upside: 76.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $1.00 ▲(1.01% Upside)

The score is held back primarily by extremely weak fundamentals (minimal revenue, persistent losses, and ongoing cash burn), with some offset from a relatively stronger balance sheet and a mixed-but-constructive operational update (cash raised/progress at Kellyton) tempered by elevated financing risk after the Stellantis offtake termination. Technicals add modest support due to improving trend and positive MACD.

Positive Factors

Strong Equity Base

A strong equity base provides financial stability and can support future investments, reducing reliance on external debt.

Low Debt Levels

Low debt levels enhance financial flexibility and reduce interest burden, allowing more resources for growth initiatives.

Graphite Plant Financing

Securing financing for the graphite plant indicates potential for long-term growth in the battery-grade graphite market.

Negative Factors

Persistent Net Losses

Ongoing net losses highlight profitability issues, which can hinder reinvestment and growth opportunities.

Negative Cash Flows

Negative cash flows indicate inefficiencies in operations, risking liquidity and limiting the ability to fund new projects.

Lack of Revenue Growth

Lack of revenue growth suggests difficulty in market penetration and scaling, crucial for long-term viability.

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 Resources, Inc. and changed its name to Westwater Resources, Inc. in August 2017. Westwater Resources, Inc. was incorporated in 1977 and is based in Centennial, Colorado.

How the Company Makes Money

Westwater Resources makes money through the development and sale of high-purity graphite products, which are used in a variety of applications including electric vehicle batteries, energy storage systems, and other industrial applications. The company's revenue model is centered around mining, processing, and selling these graphite materials to manufacturers and industries that require high-quality graphite for their products. Westwater Resources also engages in strategic partnerships and collaborations with technology companies and manufacturers to enhance its market presence and expand its customer base. These partnerships, along with the growing demand for energy storage solutions, significantly contribute to the company's earnings.

Westwater Resources Financial Statement Overview

Summary

Income statement and cash flow are very weak (essentially no revenue, persistent and widening losses, and negative operating/free cash flow), partially offset by a comparatively solid balance sheet with low reported leverage and sizable equity—though debt has risen and ROE is materially negative.

Income Statement

Across annual periods and TTM (Trailing-Twelve-Months), the company reports essentially no revenue, while losses remain persistent and sizable (TTM net loss of ~$29.0M; EBIT and EBITDA also deeply negative). Profitability trends are volatile but not improving in a durable way (annual net loss widened from ~$7.8M in 2023 to ~$12.7M in 2024, then further to ~$29.0M TTM). With negative gross profit and ongoing operating losses, the income statement reflects a business still in a heavy investment/early-stage phase with limited visibility to self-funding operations.

Balance Sheet

The balance sheet is a relative strength: leverage is low on reported figures (TTM debt-to-equity ~0.07; prior annual periods were near-zero), and equity remains sizable (TTM equity ~$138.0M vs. assets ~$157.7M). However, returns on equity are consistently negative (TTM ROE about -14%), indicating ongoing value erosion from losses. Debt increased meaningfully versus recent annual levels (from well under $1M historically to ~$10.1M TTM), which raises risk if losses and cash burn persist.

Cash Flow

Cash generation remains weak: operating cash flow is negative in every period provided (TTM about -$12.8M), and free cash flow is also negative (TTM about -$21.4M). While free cash flow improved versus the very large outflows in 2022–2023, it is still materially negative, implying ongoing reliance on financing to fund operations and investment. Cash flow also does not currently provide a cushion against earnings losses (operating cash flow remains negative alongside negative net income).

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	-1.73M	-284.00K	-221.00K	-180.00K	-130.00K	-51.00K
EBITDA	-55.72M	-11.22M	-7.53M	-11.84M	-16.01M	-13.89M
Net Income	-58.10M	-12.66M	-7.75M	-11.12M	-16.14M	-23.57M
Balance Sheet
Total Assets	157.73M	146.36M	149.83M	168.41M	132.98M	61.94M
Cash, Cash Equivalents and Short-Term Investments	12.91M	4.27M	10.85M	75.20M	115.29M	51.84M
Total Debt	10.06M	235.00K	357.00K	91.00K	235.00K	363.00K
Total Liabilities	19.71M	13.23M	9.39M	26.44M	6.79M	4.47M
Stockholders Equity	138.02M	133.12M	140.44M	141.97M	126.20M	57.47M
Cash Flow
Free Cash Flow	-42.71M	-11.96M	-69.72M	-65.97M	-20.27M	-19.29M
Operating Cash Flow	-25.64M	-5.81M	-11.43M	-13.18M	-16.92M	-15.18M
Investing Cash Flow	-16.54M	-4.64M	-58.30M	-52.79M	-2.11M	-4.10M
Financing Cash Flow	71.31M	3.87M	5.38M	25.87M	83.99M	63.95M

Westwater Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.99
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WWR, the sentiment is Negative. The current price of 0.99 is below the 20-day moving average (MA) of 1.09, above the 50-day MA of 0.97, and above the 200-day MA of 0.89, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 46.44 is Neutral, neither overbought nor oversold. The STOCH value of 8.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WWR.

Westwater Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ABAT	53 Neutral	$506.88M	-8.44	-58.41%	―	821.40%	44.70%
WWR	52 Neutral	$112.09M	-3.95	-14.20%	―	―	-80.01%
IONR	44 Neutral	$308.79M	―	-4.25%	―	―	-10.45%

Westwater Resources Corporate Events

Westwater Highlights Graphite Expansion at DealFlow Discovery Conference

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 graphite business. The materials highlight that the Kellyton Graphite Plant is under construction with more than half of its $245 million capital cost already invested, Phase 1 capacity of 12,500 metric tons per year of battery-grade natural graphite nearly sold out under two offtake agreements, and plans to expand total capacity to 50,000 metric tons per year, supported by a qualification line and a patented purification process that has helped secure customers. The presentation also underscores the strategic significance of Westwater’s Coosa Graphite Deposit—covering about 42,000 acres, with drilling to date indicating 2.3 million short tons of natural graphite and a 2023 assessment pointing to a 22-year mine life at 99,000 short tons per year—reinforcing the company’s domestic, first-mover advantage as graphite demand accelerates with the growth of electric vehicles and energy storage.

The most recent analyst rating on (WWR) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Westwater Resources stock, see the WWR Stock Forecast page.

Westwater Resources Faces Offtake Agreement Termination

On November 3, 2025, Westwater Resources received notice from FCA US LLC, a subsidiary of Stellantis N.V., terminating their Binding Offtake Agreement, which was initially established on July 17, 2024. This unexpected termination has paused Westwater’s debt syndication efforts, although the company continues to engage with EXIM and other agencies for financing opportunities. In response, Westwater is optimizing its Kellyton Plant to align with existing offtake agreements and available financing, aiming to reduce capital and time needed for commercial production. Despite the termination, agreements with SK On and Hiller Carbon remain intact, and Westwater is exploring new offtake opportunities. Since mid-2025, the company has raised approximately $55 million, which will support the optimization of the Kellyton Plant, equipment purchases, and permitting activities at the Coosa Graphite Deposit.

The most recent analyst rating on (WWR) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on Westwater Resources stock, see the WWR Stock Forecast page.