New Risk • Apr 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 39% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 39% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Significant insider selling over the past 3 months (CA$134k sold). Market cap is less than US$100m (CA$41.0m market cap, or US$30.0m). Anuncio • Apr 11
Westbridge Renewable Energy Corp. Announces Board Appointments Westbridge Renewable Energy Corp. welcomed new independent directors Riccardo del Tufo and Flora Nachawati to the Board. The election of Riccardo del Tufo and Flora Nachawati was approved at the AGM Meeting held on April 7, 2026. Anuncio • Feb 19
Westbridge Renewable Energy Corp., Annual General Meeting, Apr 08, 2026 Westbridge Renewable Energy Corp., Annual General Meeting, Apr 08, 2026. Location: hybrid meeting, Canada Anuncio • Jan 29
Red Willow Solar Inc. Receives Approval from the Alberta Utilities Commission for Red Willow Solar And Battery Energy Storage Project Westbridge Renewable Energy Corporation announced that its wholly-owned subsidiary, Red Willow Solar Inc. ("Red Willow"), has obtained Power Plant and Battery Energy Storage System ("BESS") Approval (Decision 29258-D01-2026) and a Substation Permit and License for the Birch 1075S Substation (the "Substation") from the Alberta Utilities Commission (the "AUC") for its project, Red Willow Solar and Battery Storage Project (the "Red Willow Project" or the "Project"). The Red Willow Project is the fourth of five Alberta projects of Westbridge to receive power plant and BESS approval from the AUC. The approvals allow Red Willow to construct and operate the Project, located in Stettler Country, Alberta. The Project consists of a solar power plant with an approved capacity of up to 225 MWac, and BESS with capacity of up to 200 MWh and the Substation. Approval is granted subject to provisions by the Hydro and Electric Energy Act and the Alberta Utilities CommissionAct. It is anticipated that applications to the AUC relating to interconnection approvals will be filed within the calendar year. Westbridge delivers attractive, long-term returns by originating and developing an international portfolio of renewable energy assets to support increasing demand for energy and grid reliability. Management brings a strong track-record with a cumulative 40+ development projects worldwide. As one of very few listed, pure-play international solar and BESS development companies, Westbridge provides investors with access to greenfield solar and energy storage projects at the earliest stage of development, allowing them to benefit from the full development value chain. Westbridge aims to deliver renewable energy and energy storage solutions to support increasing electricity demand and grid reliability in the jurisdictions in which it operates. Recent Insider Transactions • Jan 27
CEO & Director recently sold CA$132k worth of stock On the 23rd of January, Stefano Romanin sold around 64k shares on-market at roughly CA$2.04 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$403k. Stefano has been a net seller over the last 12 months, reducing personal holdings by CA$132k. Recent Insider Transactions • Dec 19
COO & Director recently sold CA$403k worth of stock On the 11th of December, Margaret McKenna sold around 192k shares on-market at roughly CA$2.10 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Margaret's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$2.20, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 23x in the Renewable Energy industry in Canada. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$2.67, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 27x in the Renewable Energy industry in Canada. Total returns to shareholders of 125% over the past three years. Upcoming Dividend • Sep 26
Inaugural dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 03 October 2025. Payment date: 17 October 2025. This is the first dividend for Westbridge Renewable Energy since going public. The average dividend yield among industry peers is 4.7%. Anuncio • Sep 23
Westbridge Renewable Energy Corp. Announces Cash Dividend, Payable on or around 17 October 2025 Westbridge Renewable Energy Corp. announced that its Board of Directors has approved a cash dividend in the amount of CAD 0.20 per share, to be distributed to shareholders of record as of 3 October 2025 (the "Record Date"), with payment on or around 17 October 2025 (the "Distribution Date"), subject to TSX Venture Exchange approval. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CA$2.65, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 23x in the Renewable Energy industry in Canada. Total returns to shareholders of 136% over the past three years. Recent Insider Transactions • Aug 18
Chief Business Development Officer recently sold CA$77k worth of stock On the 15th of August, Pandelis Vassilakakis sold around 127k shares on-market at roughly CA$0.61 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$109k more than they bought in the last 12 months. Anuncio • Jun 12
Westbridge Renewable Energy Corp. to Present At 2025 Canadian Climate Investor Conference Westbridge Renewable Energy Corp. announced that it will be presenting at the 2025 Canadian Climate Investor Conference (CCIC), taking place on Wednesday June 11, 2025 at the Arcadian Court in Toronto, Ontario. Director and Board Chair Scott M. Kelly will provide a presentation and participate in the panel discussion "Next-Gen Renewables: Advancing Sustainable Power and Bioenergy Solutions". New Risk • May 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 109% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (109% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$80.9m market cap, or US$58.8m). New Risk • Mar 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$73k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (110% accrual ratio). Revenue is less than US$1m. Minor Risks Significant insider selling over the past 3 months (CA$73k sold). Market cap is less than US$100m (CA$86.0m market cap, or US$59.8m). Recent Insider Transactions • Jan 29
Executive Chairman recently bought CA$60k worth of stock On the 24th of January, Scott Kelly bought around 75k shares on-market at roughly CA$0.80 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Scott has been a net seller over the last 12 months, reducing personal holdings by CA$50k. Anuncio • Jan 20
Westbridge Renewable Energy Corp., Annual General Meeting, Feb 20, 2025 Westbridge Renewable Energy Corp., Annual General Meeting, Feb 20, 2025. Location: ontario, toronto Canada Anuncio • Jan 15
Westbridge Renewable Energy Corp. Announces Five New Stand-Alone Battery Energy Storage Projects in Alberta Westbridge Renewable Energy Corp. announced five additional stand-alone BESS (Battery Energy Storage System) projects located in Alberta, Canada (the "BESS Projects"). Each of the BESS Projects has site control, environmental permitting feasibility studies completed, and interconnection applications confirmed in the AESO's cluster two interconnection process. In aggregate, these projects add 539 MWh of battery storage capacity to international development portfolio. The Company's development portfolio has grown more than 30 times since public listing and is now approximately 9.5 GW across 22 projects, with diversified activity in four countries: Canada, the United States, the U.K. and Europe. The Company is determined to further strengthen its market position and commitment to leading energy development in Canada. The Company granted Stock Options to purchase 930,000 Common Shares of the Company to management and directors of the Company on January 14, 2025. The Options are exercisable at a price of $0.85 per Common Share and vest one year from the date of grant. The Company also granted Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") representing the right to receive up to an aggregate 3,720,000 Common Shares to management and directors of the company, subject to the satisfaction of certain vesting conditions. All Options and RSUs were granted pursuant to the Company's Omnibus Long-term Incentive Plan, approved by shareholders on December 14, 2023, and are subject to the terms of the applicable agreements and regulatory approval of the TSX Venture Exchange. Market Update: In 2025, company maintain a positive outlook across a number of key dynamics: Improving macro tailwinds including; US regulatory easing and positive growth, slowing US and European inflation and further interest rate cuts; Renewables are positioned for significant growth in 2025, driven by increased demand, government support, and corporate commitments; The energy storage market is emerging as a vital component for integrating renewable energy and the need for grid stability. Driving significant growth for battery electric storage systems in 20252, Project economics are improving as a result of lower costs, and supportive PPAs within the broader renewable energy industry; Hyperscalers are likely to continue to dominate PPA market capacity as AI demand continues to increase; Continuing portfolio growth, which now stands at 22 projects in 4 countries; Growing positive, long-term relationships with stakeholders, landowners, counties, and identifying opportunities for investment in the communities in which projects are located; A strong balance sheet providing additional capital to drive growth. Anuncio • Nov 06
A subsidiary of Metlen Energy & Metals S.A. (ATSE:MYTIL) acquired 75% stake of Sunnynook Solar Energy Inc. from Westbridge Renewable Energy Corp. (TSXV:WEB) for approximately CAD 41 million. A subsidiary of Metlen Energy & Metals S.A. (ATSE:MYTIL) acquired 75% stake of Sunnynook Solar Energy Inc. from Westbridge Renewable Energy Corp. (TSXV:WEB) for approximately CAD 41 million on November 5, 2024. The Transaction was completed by way of the sale of all the issued and outstanding shares of Sunnynook Solar Energy Inc. The Transaction was completed by way of the sale of all the issued and outstanding shares of Sunnynook Solar Energy Inc. METLEN paid approximately 3% of the estimated base purchase price at signing and 92% of the estimated purchase price was paid at closing. The balance of the purchase price is expected to be paid when the Project reaches commercial operations. In connection with closing of the Transaction, Westbridge repaid in full C$18,405,650 from the proceeds of the Transaction, owing under its loan facilities secured by the Project and the shares of Sunnynook, provided by certain lending entities established by Leyline Renewable Capital, LLC, and the security registered in respect thereof has been discharged.
A subsidiary of Metlen Energy & Metals S.A. (ATSE:MYTIL) completed the acquisition of 75% stake of Sunnynook Solar Energy Inc. from Westbridge Renewable Energy Corp. (TSXV:WEB) for approximately CAD 41 million on November 5, 2024. New Risk • Aug 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 161% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (161% accrual ratio). Revenue is less than US$1m. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Significant insider selling over the past 3 months (CA$110k sold). Market cap is less than US$100m (CA$88.3m market cap, or US$63.7m). Recent Insider Transactions • Jun 20
Executive Chairman recently sold CA$110k worth of stock On the 14th of June, Scott Kelly sold around 120k shares on-market at roughly CA$0.92 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by CA$98k. New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (165% accrual ratio). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (CA$95.6m market cap, or US$69.5m). Recent Insider Transactions Derivative • Jun 10
CEO & Director exercised options to buy CA$1.2m worth of stock. On the 5th of June, Stefano Romanin exercised options to buy 1m shares at a strike price of around CA$0.30, costing a total of CA$375k. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. Since September 2023, Stefano's direct individual holding has increased from 16.64m shares to 17.95m. Company insiders have collectively sold CA$1.8m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$1.05, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 8x in the Renewable Energy industry in Canada. Total loss to shareholders of 11% over the past year. Recent Insider Transactions Derivative • Mar 27
CEO & Director exercised options to buy CA$62k worth of stock. On the 21st of March, Stefano Romanin exercised options to buy 63k shares at a strike price of around CA$0.97, costing a total of CA$61k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since September 2023, Stefano has owned 16.64m shares directly. Company insiders have collectively bought CA$280k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Dec 01
Executive Chairman recently sold CA$207k worth of stock On the 27th of November, Scott Kelly sold around 203k shares on-market at roughly CA$1.02 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Scott has been a net buyer over the last 12 months, purchasing a net total of CA$49k worth of shares. Anuncio • Oct 21
Westbridge Renewable Energy Corp., Annual General Meeting, Dec 14, 2023 Westbridge Renewable Energy Corp., Annual General Meeting, Dec 14, 2023. Recent Insider Transactions • Aug 10
Executive Chairman recently bought CA$83k worth of stock On the 4th of August, Scott Kelly bought around 75k shares on-market at roughly CA$1.10 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Scott has been a net seller over the last 12 months, reducing personal holdings by CA$67k. Recent Insider Transactions Derivative • Mar 19
COO & Director exercised options to buy CA$180k worth of stock. On the 16th of March, Margaret McKenna exercised options to buy 250k shares at a strike price of around CA$0.30, costing a total of CA$75k. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. Since June 2022, Margaret has owned 4.52m shares directly. Company insiders have collectively bought CA$1.3m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jan 29
Executive Chairman recently bought CA$58k worth of stock On the 25th of January, Scott Kelly bought around 100k shares on-market at roughly CA$0.58 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$728k. Scott has been a buyer over the last 12 months, purchasing a net total of CA$62k worth in shares. Recent Insider Transactions • Jan 05
CEO & Director recently bought CA$728k worth of stock On the 29th of December, Stefano Romanin bought around 1m shares on-market at roughly CA$0.56 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Stefano's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 28
Director recently sold CA$73k worth of stock On the 22nd of December, Marcus Yang sold around 125k shares on-market at roughly CA$0.58 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$139k. Insiders have been net sellers, collectively disposing of CA$102k more than they bought in the last 12 months. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. CEO & Director Stefano Romanin was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 22
Executive Chairman recently sold CA$139k worth of stock On the 13th of October, Scott Kelly sold around 400k shares on-market at roughly CA$0.35 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Scott has been a net buyer over the last 12 months, purchasing a net total of CA$145k worth of shares. Recent Insider Transactions Derivative • Aug 06
Executive Chairman exercised options to buy CA$232k worth of stock. On the 28th of July, Scott Kelly exercised options to buy 800k shares at a strike price of around CA$0.20, costing a total of CA$160k. This transaction amounted to 17% of their direct individual holding at the time of the trade. Since September 2021, Scott's direct individual holding has increased from 3.00m shares to 4.71m. Company insiders have collectively bought CA$1.0m more than they sold, via options and on-market transactions, in the last 12 months. Anuncio • Jul 16
Westbridge Energy Corporation, Annual General Meeting, Sep 15, 2022 Westbridge Energy Corporation, Annual General Meeting, Sep 15, 2022. Recent Insider Transactions Derivative • Jul 02
CEO & Director exercised options to buy CA$498k worth of stock. On the 29th of June, Stefano Romanin exercised options to buy 2m shares at a strike price of around CA$0.20, costing a total of CA$316k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2021, Stefano has owned 13.41m shares directly. Company insiders have collectively bought CA$851k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jun 18
Executive Chairman recently bought CA$63k worth of stock On the 9th of June, Scott Kelly bought around 250k shares on-market at roughly CA$0.25 per share. This was the largest purchase by an insider in the last 3 months. Scott has been a buyer over the last 12 months, purchasing a net total of CA$461k worth in shares. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. CEO & Director Stefano Romanin was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 10
Executive Chairman recently bought CA$55k worth of stock On the 7th of April, Scott Kelly bought around 200k shares on-market at roughly CA$0.28 per share. This was the largest purchase by an insider in the last 3 months. Scott has been a buyer over the last 12 months, purchasing a net total of CA$398k worth in shares. Anuncio • Mar 07
Westbridge Energy Corporation Announces Retirement of Paul Larkin as Director Westbridge Energy Corporation announced the retirement of Paul Larkin effective March 4, 2022. Mr. Larkin joined the Westbridge Board of Directors in 2010 and has served as a member of the Audit Committee and Compensation Committee. Anuncio • Dec 02
Westbridge Energy Corporation (TSXV:WEB) completed the acquisition of 75% stake in Sunnynook Solar Energy Inc. from Altawest Development Corporation for CAD 1.8 million. Westbridge Energy Corporation (TSXV:WEB) entered into a definitive agreement to acquire 75% stake in Sunnynook Solar Energy Inc. from Altawest Development Corporation for CAD 1.8 million on November 30, 2021. The transaction in an all-cash transaction for the acquisition of 75% of the shares of Sunnynook from the Altawest Development Corporation. The consideration is comprised of an initial cash payment of approximately CAD 0.3 million including expense reimbursement, together with additional milestone and project development payments of up to an additional CAD 1.5 million over the approximate 24-month period needed to bring the Project to a ready to build status.
Westbridge Energy Corporation (TSXV:WEB) completed the acquisition of 75% stake in Sunnynook Solar Energy Inc. from Altawest Development Corporation on December 1, 2021. Recent Insider Transactions • Sep 24
Insider recently bought CA$59k worth of stock On the 21st of September, Scott Kelly bought around 325k shares on-market at roughly CA$0.18 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$102k more in shares than they have sold in the last 12 months.