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Worksport ( (WKSP) ) has shared an update.
On November 18, 2025, Worksport Ltd. announced a significant expansion of its U.S. operations with the opening of a new facility in Missouri dedicated to assembling SOLIS solar-integrated tonneau covers. This strategic move is aimed at enhancing operational capacity, engineering oversight, and commercial readiness, marking a crucial step in Worksport’s growth strategy. The Missouri location offers logistical advantages and access to a skilled workforce, which will help optimize shipping routes and reduce costs. The expansion more than triples the company’s previous Missouri R&D footprint and is expected to support the growing demand for Worksport’s products. This development allows for direct integration between engineering and assembly, improving product quality and accelerating commercialization timelines with minimal capital expenditure.
The most recent analyst rating on (WKSP) stock is a Buy with a $11.50 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 overall stock score is primarily influenced by its strong revenue growth and improved gross margins, as highlighted in the earnings call. However, significant challenges with profitability, cash flow, and bearish technical indicators weigh heavily on the score. The negative P/E ratio and lack of dividend yield further contribute to a lower valuation score.
To see Spark’s full report on WKSP stock, click here.
More about Worksport
Worksport Ltd. (Nasdaq: WKSP) is a U.S.-based company specializing in advanced manufacturing, clean energy technologies, and automotive accessories. The company designs and produces tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions, targeting both consumer and reseller markets. Worksport is actively involved in the clean energy sector and has partnerships with major automotive companies, including Hyundai.
Average Trading Volume: 429,469
Technical Sentiment Signal: Sell
Current Market Cap: $17.75M
Find detailed analytics on WKSP stock on TipRanks’ Stock Analysis page.