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The latest announcement is out from Worksport ( (WKSP) ).
On June 10, 2025, Worksport Ltd. announced the addition of a second national automotive distributor, expanding its dealer network to over 550 locations across the U.S., a nearly sixfold increase since the start of 2025. This strategic move is expected to generate over $21.5 million in repeatable B2B revenue, with the company reaffirming its full-year 2025 revenue guidance of $20-$25 million, representing a 2.5-3x increase year-over-year. The expansion is part of Worksport’s strategy to capture greater market share and enhance operational efficiencies, with the upcoming launch of its SOLIS solar-integrated tonneau cover and COR portable energy storage system poised to unlock new revenue streams in the clean-tech market.
The most recent analyst rating on (WKSP) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
Spark’s Take on WKSP Stock
According to Spark, TipRanks’ AI Analyst, WKSP is a Neutral.
Worksport’s stock score reflects significant financial challenges, including high debt and negative cash flow, which are only partially offset by strong revenue growth and strategic innovations. Technical indicators are neutral, and the valuation remains unattractive due to ongoing losses.
To see Spark’s full report on WKSP stock, click here.
More about Worksport
Worksport Ltd. is a U.S.-based manufacturer and innovator specializing in hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors. The company designs, develops, and owns intellectual property on various products, including tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport is actively expanding its market presence with partnerships, such as with Hyundai for the SOLIS Solar cover, and is focusing on clean energy integrations.
Average Trading Volume: 229,894
Technical Sentiment Signal: Strong Sell
Current Market Cap: $16.85M
See more data about WKSP stock on TipRanks’ Stock Analysis page.