Worksport ( (WKSP) ) has provided an update.
On April 29, 2025, Worksport Ltd. announced a strategic partnership with Patriot Automotive Technologies to expand its business-to-business network across the U.S. This collaboration will see Worksport’s tonneau covers sold through Patriot’s network of over 200 dealer locations, marking a significant growth milestone. The partnership is expected to generate millions in annual recurring revenue, enhancing Worksport’s profitability and market presence. This move aligns with Worksport’s strategy to aggressively grow its U.S. distribution channels and strengthen its position as a leading supplier of U.S.-made automotive accessories.
Spark’s Take on WKSP Stock
According to Spark, TipRanks’ AI Analyst, WKSP is a Neutral.
Worksport’s stock faces challenges due to financial instability and bearish technical indicators. Despite strong revenue growth and strategic initiatives, financial risks and a negative valuation impact the overall score.
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 manufactures a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport is actively engaged in partnerships to expand its distribution channels and capitalize on the growing shift towards clean energy integrations.
YTD Price Performance: -66.52%
Average Trading Volume: 135,541
Technical Sentiment Signal: Strong Buy
Current Market Cap: $15.19M
See more insights into WKSP stock on TipRanks’ Stock Analysis page.