Westwater Resources (WWR)
XASE:WWR
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Westwater Resources
(NYSE MKT:WWR)
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Rating:45Neutral
Price Target:
$0.56
▼(-19.28% Downside)
Action:Reiterated
Date:05/23/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and negative free cash flow) and bearish technicals (below all major moving averages with negative MACD). The balance sheet’s low leverage and the earnings call’s operational milestones provide some support, but financing needs and customer uncertainty keep overall risk elevated.
Positive Factors
FAST-41 federal permitting designation
FAST-41 designation materially improves interagency permitting coordination and is expected to produce an agreed timeline, reducing a key regulatory barrier for multi-quarter mine and plant development. That sustained reduction in permitting uncertainty enhances project bankability and long-term execution credibility.
Negative Factors
No revenue; widening net losses
The company remains pre-commercial with no reported revenue and materially negative earnings and free cash flow, implying continued cash burn. Over the medium term this erodes flexibility, necessitates external funding before self-sustaining operations, and depresses return metrics until sales commence.
Read all positive and negative factors
Positive Factors
Negative Factors
FAST-41 federal permitting designation
FAST-41 designation materially improves interagency permitting coordination and is expected to produce an agreed timeline, reducing a key regulatory barrier for multi-quarter mine and plant development. That sustained reduction in permitting uncertainty enhances project bankability and long-term execution credibility.
Read all positive factors
Westwater Resources (WWR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$71.41M
Dividend YieldN/A
Average Volume (3M)1.02M
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue GrowthN/A
EPS Growth-50.96%
CountryUS
Employees21
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.31
Shares Outstanding127,128,700
10 Day Avg. Volume925,053
30 Day Avg. Volume1,022,509
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 Cap0.15
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-12.80
Enterprise Value/Ebitda-0.67
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:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The call balanced clear operational progress (FAST-41 designation, >1 metric ton qualification samples, completed buildings, defined Phase 1 budget with contingency, and active government/commercial engagement) with material near-term risks (widening quarterly net loss, a notable customer contract termination, and the need to secure remaining Phase 1 financing). Permitting remains on a multi-quarter timeline (12–24 months), and market/policy uncertainty persists. Overall, the company appears to be de-risking its projects operationally while still exposed to financing and external market timing risks.Positive Updates
FAST-41 Federal Permitting Designation
Coosa received designation under the FAST-41 federal permitting program during the quarter, improving coordination and transparency across federal agencies and expected to produce an agreed permitting timeline in Q2.
Negative Updates
Widening Net Loss
Net loss for the quarter was approximately $4.7 million (≈$0.04 per share) vs. ~$2.7 million (≈$0.40 per share) in the year-ago quarter — an increase in absolute net loss of ~$2.0 million (≈74% higher year-over-year), driven by increased permitting, product development costs, and higher stock-based compensation.
Read all updates
Q1-2026 Updates
Positive
Negative
FAST-41 Federal Permitting Designation
Coosa received designation under the FAST-41 federal permitting program during the quarter, improving coordination and transparency across federal agencies and expected to produce an agreed permitting timeline in Q2.
Read all positive updates
Company Guidance
Management reiterated a Phase 1 Kellyton capital estimate of approximately $245 million (including about $19 million of untouched contingency), saying roughly $29.6 million has been invested into Kellyton to date and management has previously referenced about $130 million spent on the project overall; initial commercial production is expected about 12 months after securing the remaining financing. At quarter end the company had ~$41.5 million cash, raised ~$1.2 million from its ATM in Q1 (with ~ $71 million capacity remaining) and holds ~ $26 million undrawn on its ELOC, and emphasized pursuing nondilutive/government and project-level funding. Operationally the qualification line produced aggregate CSPG sample volumes exceeding 1 metric ton in Q1, lead times for remaining equipment are ~3–4 months (about ~6 months including shipping), Coosa received FAST‑41 designation with permitting expected to take ~12–24 months after timelines are established in Q2, and the company reported a Q1 net loss of ~$4.7 million, or $0.04 per share (vs. ~$2.7 million, $0.40 per share a year ago).Westwater Resources Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
74
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -822.00K | -745.00K | -284.00K | -221.00K | -180.00K | -130.00K |
| EBITDA | -15.71M | -13.79M | -11.22M | -7.53M | -11.84M | -16.01M |
| Net Income | -29.32M | -27.33M | -12.66M | -7.75M | -11.12M | -16.14M |
Balance Sheet | ||||||
| Total Assets | 189.13M | 194.53M | 146.36M | 149.83M | 168.41M | 132.98M |
| Cash, Cash Equivalents and Short-Term Investments | 41.46M | 48.58M | 4.27M | 10.85M | 75.20M | 115.29M |
| Total Debt | 3.71M | 5.97M | 235.00K | 357.00K | 91.00K | 235.00K |
| Total Liabilities | 10.44M | 13.00M | 13.23M | 9.39M | 26.44M | 6.79M |
| Stockholders Equity | 178.69M | 181.53M | 133.12M | 140.44M | 141.97M | 126.20M |
Cash Flow | ||||||
| Free Cash Flow | -21.73M | -21.59M | -11.96M | -69.72M | -65.97M | -20.27M |
| Operating Cash Flow | -11.41M | -9.90M | -5.81M | -11.43M | -13.18M | -16.92M |
| Investing Cash Flow | -10.05M | -11.43M | -4.64M | -58.30M | -52.79M | -2.11M |
| Financing Cash Flow | 59.67M | 65.63M | 3.87M | 5.38M | 25.87M | 83.99M |
Westwater Resources Technical Analysis
Negative
0.69
Price Trends
0.63
Negative
0.79
Negative
0.93
Negative
Market Momentum
-0.03
Positive
38.90
Neutral
44.09
Neutral
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 0.69 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.63, and below the 200-day MA of 0.93, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 38.90 is Neutral, neither overbought nor oversold. The STOCH value of 44.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WWR.
Westwater Resources Risk Analysis
Westwater Resources disclosed 31 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
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Westwater Resources Corporate Events
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Westwater Resources Shareholders Approve Key Governance Amendments
Positive
May 22, 2026
On May 22, 2026, Westwater Resources, Inc. held its Annual General Meeting of Stockholders, where a quorum of 51.27% of eligible shares was represented and six corporate governance and capital-related proposals were put to a vote. Shareholders ele...
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...
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.