24/7 Market News Snapshot 22 January, 2025 – Worksport, Ltd. Common Stock (NASDAQ:WKSP)

January 22, 2025

DENVER, Colo., 22 January, 2025 (247marketnews.com) – (NASDAQ:WKSP) are discussed in this article.
Worksport, Ltd. (WKSP) has demonstrated a notable uptick in stock performance, currently trading at $0.995—an approximate increase of 19.59% from its previous close of $0.832. The stock opened at $0.862 and has garnered significant investor interest, with a trading volume of 1.65 million shares. This surge indicates strong market confidence, likely fueled by positive developments within the company. As trading progresses, market watchers are advised to keep an eye on resistance levels around $1.00 and support at $0.862 to better understand potential future movements.

In conjunction with this momentum, Worksport is set to make waves in the heating and cooling sector through its subsidiary, Terravis Energy, which is introducing an innovative heat pump technology aimed at addressing the pressing challenges of extreme weather conditions. This pioneering solution is designed to enhance energy efficiency and user comfort, incorporating advanced artificial intelligence to tailor its operation to individual needs. The technology demonstrates exceptional adaptability, performing reliably across a variety of temperatures, thus broadening its applicability in diverse climates.

To coincide with the launch of this groundbreaking technology, Terravis Energy is planning a countdown event leading to the global reveal on February 11, 2025. This event aims to highlight the performance metrics and advantages of the new heat pump, aimed at enabling greater market penetration in a rapidly growing sector. The global heat pump market is projected to expand at a compound annual growth rate of 9.4%, driven by rising efficiency demands and supportive government policies. With this innovative development, Worksport is positioning itself as a leader in sustainable and efficient heating and cooling solutions that meet modern lifestyle requirements.

Related news for (WKSP)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.