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Wednesday, November 27, 2024

Breaking Cleantech Automotive Stock News: Worksport Ltd. (NASDAQ: $WKSP) to Present at Prestigious ICR Conference 2025; CEO to Highlight Growth Initiatives; @WorksportLtd

Breaking Cleantech Automotive Stock News: Worksport Ltd. (NASDAQ: $WKSP) to Present at Prestigious ICR Conference 2025; CEO to Highlight Growth Initiatives; @WorksportLtd

 

Company to Showcase at Premier Investor Event Among Industry Leaders Like Walmart, Yum! Brands, and SharkNinja

 


West Seneca, New York - November 27, 2024 (Investorideas.com 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 that it has been invited to present at the upcoming ICR Conference 2025, one of the largest investment conferences of the year. The Company will present on Tuesday, January 14, 2025, from 2:30 PM to 2:55 PM ET and will be available throughout the day to meet with new and existing investors.

 

Showcasing Growth Amid Industry Titans

Following Worksport's noteworthy 581% YoY growth in Q3 2024, Worksport looks forward to presenting at the prestigious ICR conference. Worksport joins an impressive roster of publicly traded companies across various sectors, including retail giants like Walmart Inc. hospitality leaders such as Yum! Brands, Inc. and renowned consumer brands like SharkNinja. The Company's inclusion underscores its growing prominence in the automotive and clean energy sectors.

 

Key Highlights of Worksport's Participation:

  • Presentation Details:
    • Date: Tuesday, January 14, 2025
    • Time: 2:30 PM to 2:55 PM ET
    • Location: ICR Conference 2025, Orlando, Florida
  • Investor Engagement:
    • Worksport's executive team will be available for one-on-one meetings with investors, analysts, and industry professionals.
    • The Company aims to discuss its recent achievements, including significant revenue growth, product launches, and strategic initiatives for 2025.

 

Strategic Opportunity Among Market Leaders
The ICR Conference is renowned for bringing together top companies with investors, analysts, and media. Worksport's attendance offers a strategic platform to:

  • Highlight Growth Trajectory: Worksport will share insights on the Company's accelerating sales, expansion plans, and path to profitability.
  • Showcase Innovation: Present upcoming product launches, including the highly anticipated premium AL4 tonneau cover and SOLIS and COR clean-tech products.
  • Network with Industry Peers: Engage with leading companies across retail, hospitality, health, beauty, technology, and consumer goods sectors.

 

Paid News dissemination for Worksport Ltd.

 

Read this news featuring WKSP in full at https://www.investorideas.com/news/2024/11271WKSP-Prestigious-ICR-Conference-2025.asp

 

Management Commentary
"We are thrilled to present at the ICR Conference 2025 alongside some of the most influential companies in the world," said Steven Rossi, CEO of Worksport Ltd. "This event provides an excellent opportunity to showcase our Company's growth, innovative product lineup, and strategic vision to a wide audience of investors and industry professionals. We also look forward to engaging with new and existing investors to discuss how Worksport is poised for significant growth in the coming year."

 

About the ICR Conference
The ICR Conference is one of the premier investment conferences, featuring presentations by more than 200 public and private companies. It attracts over 2,500 attendees, including institutional investors, sell-side analysts, and select media. The conference is known for its unique format, offering companies a platform to tell their stories to a captive audience.

 

Notable Companies Attending:

  • Retail and Consumer Brands: Walmart Inc., American Eagle Outfitters, Abercrombie & Fitch
  • Hospitality and Food & Beverage: Yum! Brands, Inc., Darden Restaurants, Inc. Shake Shack Inc.
  • Technology and Digital Commerce: Stitch Fix, Inc. Olo Inc.
  • Consumer Goods: Birkenstock Holding PLC, SharkNinja, Inc.

 

Investors and Attendees
Investors interested in scheduling a meeting with Worksport's management during the conference should contact investors@worksport.com or their ICR representative.

 

Worksport Q3 Earnings Call

Q3 revenue surged to $3.12 million-a 581% year-over-year increase compared to $458,433 in Q3 2023. Worksport held its Q3 2024 earnings call on Wednesday, November 13, 2024. The prepared remarks and presented earnings call deck are available at Worksport's Investor Relations website.

 

Key 2024 Press-Releases:

Read all Worksport press releases: [Link to All Press Releases].

 

Stay Connected

  • Investor Newsletter: Investors and customers are invited to follow Worksport's progress as it builds on this momentum and strives to redefine industry standards with each new corporate development. Link to Newsletter
  • Contact Information

 

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com E: investors@worksport.com
W: 
worksport.com

 

About Worksport

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with RAM, Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan, and Toyota pickup trucks. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology.

Terravis Energy's website is terravisenergy.com. For more information, please visit investors.worksport.com.

 

Connect with Worksport

Please follow the Company's social media accounts on X (previously Twitter)FacebookLinkedInYouTube, and Instagram (collectively, the "Accounts"), the links of which are links to external third party websites, as well as sign up for the Company's newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.

 

Product social media

Instagram
Facebook
YouTube

 

Investor social media

X (formerly Twitter)
LinkedIn
Link to Newsletter

 

Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission ("SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.

 

The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

 

For additional information, please contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: 
investors.worksport.com W: www.worksport.com E: investors@worksport.com

 

Forward-Looking Statements
The information contained herein may contain "forward looking statements." Forward looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," "project," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

 

Worksport Ltd. (Nasdaq: WKSP) is a featured renewable energy/automotive stock on Investorideas.com

 

More info on WKSP at Investorideas.com Visit:  https://www.investorideas.com/CO/WKSP/

 

Disclaimer/Disclosure: Disclosure: Worksport Ltd. (Nasdaq: WKSP) is a paid featured company on Investorideas.com effective  October 18th 2024 for 2 months. lInvestorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Contact management and IR of each company directly regarding specific questions. More disclosure info can be found here. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 


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Monday, November 25, 2024

Follow the Money in Trump Trades – From Automotive to Bitcoin; @WorksportLtd



 

Follow the Money in Trump Trades – From Automotive to Bitcoin; @WorksportLtd   

 

Stocks included in this article:  Worksport Ltd. (NASDAQ: $WKSP), Tesla (NASDAQ: $TSLA), General Motors (NYSE: $GM), Riot Platforms, Inc. (NASDAQ:  $RIOT)

   


   

November 25, 2024 - Investorideas.com, a go-to investing platform covering cleantech, automotive and crypto stocks releases a sector snapshot looking at ‘Made in America’ stocks today and moving forward into a new Trump era. featuring Worksport Ltd. (NASDAQ: WKSP), a US-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors.

 

Trump’s “America First” policies with corporate tax cuts and deregulation for American manufacturers have investors looking at what sectors to bet on moving into 2025, The automotive sector is poised to be a big winner with Trump’s  mandate to protect US automakers and their employees.

 

Another sector investors are paying attention to is Crypto, as Bitcoin reaches new all-time highs. It follows that US Crypto miners will benefit. Prior to winning the election, Donald Trump said he wanted all remaining Bitcoin to be 'Made in USA'.

 

Stocks included in this article Tesla (NASDAQ:TSLA), General Motors (NYSE: GM), Riot Platforms, Inc. (NASDAQ: RIOT).

 

Clean energy automotive supplier Worksport Ltd. (NASDAQ: WKSP) just announced 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.

 

Paid News dissemination for Worksport Ltd.

 

Read this article, featuring WKSP in full at https://www.investorideas.com/news/2024/cryptocurrency/11251Trump-Trades-Automotive-Bitcoin.asp

 

From the news: Scaling Production to Meet Growing Demand

 

  • Increased Workforce: The expansion of the production team is a strategic move to accommodate the significant growth in Worksport's business-to-consumer (B2C) and business-to-business (B2B) sales

 

  • Sales Growth: The Company is now targeting $1 million in monthly online sales in the near-term, aiming for a 100% increase in top line revenue from the approximately $500,000 per month reported less than 60 days ago.

 

  • Second Shift Preparation: To support the scheduled end-of-the-year launch of the higher margin AL4 tonneau cover, Worksport is adding a new evening production shift. This expansion will boost production capacity, enabling the Company to meet escalating demand and drive increased revenues and profitability. Investors can expect an update on the AL4 pre-order campaign for the business-to-business (B2B) segment before the end of the year.

 

Management Commentary

"The Company continues to grow with new dealers, increased sales, and enhanced efficiencies each day," said Steven Rossi, CEO of Worksport Ltd. "Expanding our plant staff and initiating a second production shift are pivotal steps toward improving margins and achieving EBITDA positivity. Last Friday, the Company's market capitalization closed below our revenue projections for 2025—a year in which we believe we will be cash flow positive with increasing margins. We reiterate our strong belief that Worksport continues to be undervalued.

 

Upcoming Product Launches Driving Growth

 

  • AL3 and AL4 Tonneau Covers: The continued rollout of these products is expected to significantly contribute to Worksport's path toward cash flow positivity in 2025.

 

  • SOLIS and COR Clean-Tech Systems: The Company also plans to launch its highly anticipated SOLIS solar cover and COR portable energy system by Q2/Q3 2025, further enhancing revenue growth and profitability prospects.

 

Worksport Q3 Earnings Call

 

Q3 revenue surged to $3.12 million—a 581% year-over-year increase compared to $458,433 in Q3 2023.

 

Worksport held its Q3 2024 earnings call on Wednesday November 13, 2024.  The prepared remarks and presented earnings call deck are available at Worksport’s Investor Relations website.

 

Betting on the future growth of Worksport, on November  21st, the Company reported, “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.”

 

"We strongly believe that recent stock trading activity does not reflect the health of our business or our significant growth pathways

 

Tesla’s (NASDAQ:TSLA) stock has had a massive run since Trump’s Presidential win, with Elon Musk at his side as one of his biggest supporters. The Tesla stock surge of over 30% since the win was also fueled on expectations that Trump will advance a legislative framework for autonomous vehicles,

 

In the third quarter, Tesla produced approximately 470,000 vehicles, delivered approximately 463,000 vehicles and deployed 6.9 GWh of energy storage products.   

 

Tesla says on its website, “In 2012, the first Model S rolled off the assembly line at our factory in Fremont, California. Today, we have the capacity to manufacture more than a million vehicles every year, in addition to energy products, battery cells and more.” Tesla also has Gigafactories in Nevada, New York and Texas.

 

With investors seeing EV’s being a loser under Trump, a recent article in Forbes notes,

“Here’s something else to think about: if Trump does reduce or eliminate incentives, Tesla will be the main winner. Its cost base and vehicle platforms allow it to sell EVs profitably, which might not be the case with other American and global OEMs, who will struggle to match EV and ICE vehicle pricing.”

 

Last month, General Motors (NYSE: GM) reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion.

 

GM's 2024 financial guidance includes anticipated capital spending of $10.5 billion - $11.5 billion, inclusive of investments in the company's battery cell manufacturing joint ventures.

 

With expected increases in defense spending with Trump, last month’s news of GM Defense  completing production of the first vehicles in support of the Diplomatic Security Service's Heavy-Duty armored Sport Utility Vehicle (HD SUV) program bodes well for 2025,

 

From the news: DSS is the law enforcement and security arm of the U.S. Department of State.

 

GM Defense's HD SUV solution, the Suburban Shield, features a new design with a unique body-on-frame chassis and suspension to support increased vehicle weight and performance requirements. The vehicle includes a high percentage of proven commercial-off-the-shelf parts from General Motors' global supply chain, including the body, exterior, propulsion, interior, and brakes, for added reliability.

 

"Our Suburban Shield significantly enhances the quality, performance, and safety that is essential to the Diplomatic Security Service and provides our nation's senior diplomats and their supporting teams a vehicle that enables their important mission for diplomacy and national security," said Steve duMont, GM Defense president.

 

According to CustomMarketInsights.com, “The US Automotive Market was valued at USD 4.8 Billion in 2024 and is expected to reach USD 13.8 Billion by 2033, at a CAGR of 10.6% during the forecast period 2024 – 2033.

 

“The automotive industry includes the design, development, manufacture, marketing, and sale of automobiles, trucks, buses, and motorbikes. It involves a complicated network of businesses, including automakers, suppliers, dealerships, and aftermarket service providers.”

 

Trump’s policies are going to reshape the future of the automotive industry and suppliers like Worksport Ltd. (NASDAQ: WKSP) are betting that their US-based manufacturing and innovation will be on the winning end.

 

As Bitcoin closes in on the $100,000 USD mark, US miner Riot Platforms, Inc. (NASDAQ: RIOT) is doing its part to fulfill Trump’s US Bitcoin mining dream.

 

The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

 

In the November 4th production update they reported, “In October, Riot achieved a new post-halving milestone in production, with 505 Bitcoin mined in the month,” said Jason Les, CEO of Riot. “This 23% increase in production from September is a reflection of both the ongoing growth in our deployed hash rate and of the efforts to improve our operational efficiency.”

 

The Trump Trade effect has taken the market to new highs, Now, investors are looking at what sectors will have long term gains. Automotive and crypto are potentially ones to watch.

 

Research auto stocks at Investorideas

https://www.investorideas.com/AUTO/Stock_List.asp

 

Research crypto stocks at Investorideas

https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp

 

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Disclaimer/Disclosure: Disclosure: this news article featuring WKSP is a paid for service  on Investorideas.com -.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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