Maxim Group initiated coverage on Worksport with a new price target
$WKSP
Auto Parts:O.E.M.
Consumer Discretionary
Maxim Group initiated coverage of Worksport with a rating of Buy and set a new price target of $8.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/29/2021 | $8.00 | Buy | Maxim Group |
It almost feels like that every new week brings a new EV as automakers race to build and enhance their EV lineups. Ferrari will be joining automakers in launching its first EV and according to a new report by Autocar, it should be unveiled as early as next year. Ferrari CEO Benedetto Vigna confirmed the news by telling Autocar the prototype testing is well underway. According to Autocar, Ferrari’s all electric vehicle should be revealed the end of next year, followed by the launch sometime in 2026. Ford Motor (NYSE:F) is resureccting another iconic name plate to bring in its electric lineup. The new Capri will be an electric coupé-SUV that shares parts with the Ford Exlorer. But compared
Latest figures show that EVs continue to grow in the US, but at a slower pace than expected. But the biggest change is the shrinking market share of the EV king, Tesla Inc. The fall of Tesla. According to Cox Automotive, Tesla’s market share of US sales fell below a key level, or more precisely 50% for the first time. Now, Tesla holds 49.7% of the market it once had practically all to itself. With the fall of Tesla comes an increased competitive landscape. During the second quarter, Cox Automative estimates overall EV sales grew about 8% of the total market, rising from 7.2% reported during 2023’s comparable quarter. According to Cox Automotive, Tesla began subtly falling from grace a
This week, Ford Motor Company (NYSE:F) revealed it had its second-best quarter despite challenges as its U.S. EV sales improved both during the quarter and in June. General Motors (NYSE:GM) also posted its best quarterly sales figures in more than three years and it owes it to notable increases in pickup truck and EV sales. Moreover, its second quarter EV deliveries reached a record, while its full-size pickup truck deliveries were the highest since 2021. General Motors In the second quarter, GM delivered 696,086 vehicles, marking a 0.6% YoY increase and highest since the fourth quarter of 2020. GM reported record EV sales that grew 40% YoY to 21,930, boosted by a jump in deliveries of the
4 - Worksport Ltd (0001096275) (Issuer)
4 - Worksport Ltd (0001096275) (Issuer)
4 - Worksport Ltd (0001096275) (Issuer)
Company Invites Investors and Analysts to Discover Compelling Financial Updates and Growth Outlook West Seneca, New York, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors is excited to announce its Q3 2024 live earnings call scheduled for November 13, 2024, at 4:30 PM ET. This call will be conducted online and will include a detailed discussion of the Company's performance, recent growth trends, and forward-looking insights. Invitation to Analysts and Investors Worksport invi
Mississauga, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq: WKSP) (the "Company") continues adding to and developing its in-house IP portfolio focused on the sustainable energy markets. The Company now holds 30 patents and 24 trademarks to date, providing protective rights for its solar-integrated products, its Hydrogen fuel cell-powered systems, as well as its conventional tonneau cover products. This, in turn, provides the Company with full controlling rights on its proprietary mechanical components, electrical/electronics concepts, thermal management, manufacturability considerations, failsafe contingencies, sizing constraints, and mobility aspects. The Company recently file
Maxim Group initiated coverage of Worksport with a rating of Buy and set a new price target of $8.00
8-K - Worksport Ltd (0001096275) (Filer)
8-K - Worksport Ltd (0001096275) (Filer)
8-K - Worksport Ltd (0001096275) (Filer)
4 - Worksport Ltd (0001096275) (Issuer)
SC 13G/A - Worksport Ltd (0001096275) (Subject)
SC 13G - Worksport Ltd (0001096275) (Subject)
SC 13G - Worksport Ltd (0001096275) (Subject)
Company Aims for 100% Growth in Monthly Online Sales in the Near-Term; AL4 Tonneau Cover Launch Set for December West Seneca, New York, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors is pleased to announce an expansion of its manufacturing workforce to meet accelerating sales demand. Since the start of Q4, the Company has increased its plant worker count by 30%, positioning itself to enhance production capacity and improve margins. Scaling Production to Meet Growing Demand Increased Workforce: The
Company Formally Addresses Unusual Trading Activity Amid Strong Growth Prospects and Upcoming Product ReleasesWest Seneca, New York--(Newsfile Corp. - November 21, 2024) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is announcing today that it has retained Digital BD, Inc. to monitor and investigate potentially illegal short selling activity of its shares. Concurrently, CEO Steven Rossi has demonstrated his confidence in the Company's future by personally purchasing restricted Worksport shares at a 44% premium to the market price.
Company Announces Consecutive Surge in Quarterly Revenues; Provides Positive Outlook for Fiscal Year 2025; Ongoing Expansion and New Product Lines Fuel Momentum West Seneca, New York, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors today announced its Q3 2024 financial results. Worksport shares another consecutive quarter of revenue growth and positive outlook for financial year-end 2025. Q3 revenue surged to $3.12 million—a 581% year-over-year increase compared to $458,433 in Q3 2023. This rapi
First Live Session Set for August 6th at 12PM ET, Enhancing Customer EngagementWest Seneca, New York--(Newsfile Corp. - July 30, 2024) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is thrilled to announce the launch of a new live sales feature in partnership with Firework, a platform trusted by over 1000 global brands. Worksport will use Firework's innovative web technology to launch its first live sales session on August 6th at 12 PM ET, accessible via: Worksport Live.Worksport strongly encourages customers, stakeholders, and thei
Join Us for a Live Earnings Call and Exciting UpdatesWest Seneca, New York--(Newsfile Corp. - July 18, 2024) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is excited to announce its Q2 2024 live earnings call scheduled for August 13, 2024, at 4:30 PM ET. This call will be conducted online and will include a detailed discussion of the Company's performance and forward-looking insights.Invitation to Analysts and InvestorsWorksport invites analysts, investors, and media to join the live earnings call. This event will provide a compreh
Richmond Hill, Ontario, Canada, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the "Company" or "Worksport") has appointed as manager veteran manufacturing executive Michael Scolnick. Scolnick has had over 25 years of progressive experience building and leading high-performance teams, developing and implementing world-class manufacturing concepts, and driving business performance. Scolnick will manage the Company's new 220,000 sq. ft. assembly plant, located in West Seneca, NY. "The Company will ramp up production of our new advanced products, including all-new hardcover designs and SOLIS, our advanced truck bed tonneau cover with integrated solar panels. We hired Mich