Turbo Energy(TURB)

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Significant Movements Among Top Market Gainers
Financial Modeling Prep· 2025-09-16 22:00
Company Highlights - Next Technology Holding Inc. (NASDAQ:NXTT) experienced a price surge to $23.49, marking an increase of over 16,216%, driven by its innovative technical services in the social e-commerce platform space within Mainland China [1][5] - iCoreConnect Inc. (NASDAQ:ICCT) saw its price rise to $0.072, reflecting a 500% increase due to its robust healthcare technology solutions, including HIPAA-compliant electronic prescription software [2][5] - Turbo Energy, S.A. (NASDAQ:TURB) recorded a price increase to $12.95, a 379% rise, showcasing its expertise in renewable energy solutions, including lithium-ion batteries and AI-based software for energy management [3][5] Market Trends - The significant price movements among these companies reflect broader market trends emphasizing the growing importance of technology and sustainability across various sectors [4] - Investors are increasingly attracted to companies demonstrating innovation, strategic market positioning, and high growth potential, as evidenced by the substantial price increases of these top gainers [4]
This Penny Stock Soared 631% Today: Should You Buy or Sell This Breakout Rally?
Yahoo Finance· 2025-09-16 15:07
Core Insights - Turbo Energy (TURB) has secured a transformative $53 million energy storage contract in Spain, leading to a 631% intraday surge in its stock price to $19.74 from $2.70 [1][2] - The contract involves implementing 366 MWh of storage capacity for a major construction group, representing approximately 5.6 times the company's current annual revenue of $9.42 million [2] Company Overview - Turbo Energy's SUNBOX Industry solution, a patent-pending technology launched in 2024, offers scalable storage capacity from 30 kWh to 4,000 kWh and is integrated with an AI-driven energy management platform [3] - The substantial contract validates Turbo Energy's competitive position in industrial-scale solar storage solutions and indicates growing market acceptance of AI-optimized energy management systems [4] Market Trends - The timing of the deal aligns with increasing demand for advanced energy storage solutions in the industrial sector, particularly as decarbonization efforts accelerate [4] - Turbo Energy's expanding geographical presence across Europe, North America, and South America highlights its growing influence in the renewable energy storage market [6] Financial Performance - Despite current profitability challenges, including a negative EPS of -$0.35 and a profit margin of -35.44%, Turbo Energy has shown impressive market performance with year-to-date returns of 25% prior to the recent breakout [5]
This Energy Company Just Scored A $53 Million Contract And The Stock Is On Fire
Yahoo Finance· 2025-09-16 14:38
Turbo Energy S.A. (NASDAQ:TURB) stock skyrocketed Tuesday after the company announced it won a $53 million contract to deliver energy storage projects in Spain with a total capacity of 366 MWh over the next two years. The deal involves more than 10 sites operated by a major construction industry client. Turbo Energy will integrate its systems fully and use its AI-based management platform to help the facilities cut power costs, improve efficiency, and expand electrification. Mariano Soria, CEO of Turbo Ene ...
Turbo Energy Secures $53 Million Contract to Deploy 366 Mwh of Solar Storage Capacity Across 10 Factories
Globenewswire· 2025-09-16 12:00
VALENCIA, Spain, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Turbo Energy S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced that it has been selected to supply and implement energy storage projects in Spain with a total capacity of 366 MWh. The projects, valued at approximately $53 million, are scheduled to be executed over the next two years. This large-scale initiative will be developed for a major ...
Turbo Energy Delivers Advanced Solar Energy Storage Solution to Power Uber’s Electric Fleet in Spain
Globenewswire· 2025-09-10 12:00
VALENCIA, Spain, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Turbo Energy S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced the signing of a flagship agreement providing for Turbo Energy to power Uber’s electric vehicle (“EV”) fleet in Spain. At the heart of the project is Turbo Energy’s proprietary, patent-pending SUNBOX Industry system, an innovative energy storage solution. SUNBOX Industry not onl ...
Turbo Energy Delivers Advanced Solar Energy Storage Solution to Power Uber's Electric Fleet in Spain
Globenewswire· 2025-09-10 12:00
Core Insights - Turbo Energy S.A. has signed a significant agreement to power Uber's electric vehicle fleet in Spain, showcasing its advanced solar energy storage technologies [1][4] - The project utilizes Turbo Energy's SUNBOX Industry system, which is designed to facilitate large-scale charging and address grid constraints for electric mobility [2][3] Company Overview - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage solutions, aiming to reduce dependence on traditional energy sources and lower electricity costs [6] - The company is a subsidiary of Umbrella Global Energy, S.A., which focuses on solar energy solutions globally [6] Project Details - The project involves the installation of SUNBOX Industry systems to create a 1 MW / 2 MWh smart storage hub, enabling the charging of over 300 vehicles despite limited grid supply [3] - The system adds 1,000 kW of flexible storage capacity, increasing total available power to 1.6 MW, ensuring uninterrupted charging operations [3] Strategic Partnerships - Turbo Energy collaborated with INSOLEN, a Spanish engineering firm, to deliver integrated energy solutions for the Uber project, focusing on energy efficiency and sustainable operations [5]
Turbo Energy Announces Results of 2025 Annual General Meeting of Shareholders
Globenewswire· 2025-06-27 12:30
Core Viewpoint - Turbo Energy, S.A. held its 2025 Annual General Meeting of Shareholders, where several key resolutions were approved, including board elections, accounting firm appointments, and capital increase authorizations [1][2]. Group 1: Resolutions Approved - Eight individuals were elected to the Board of Directors, serving until the next annual meeting or until their successors are elected [1]. - The appointment of TAAD, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified [1]. - Grant Thornton, SLP Sociedad Unipersonal was also ratified as the Spanish public accounting firm for the same fiscal year [1]. - The individual annual accounts and management report were assessed and approved as required under Spanish law [1]. - The proposed results allocation of the individual annual accounts was examined and approved [1]. - The management of the Company by the Board for the fiscal year ended December 31, 2024, was approved [1]. Group 2: Capital Increase and Bond Issuance - The Board was delegated the power to carry out capital increases up to half of the share capital, with the possibility of excluding subscription rights, not exceeding twenty percent of the Company's share capital [1]. - The Board was authorized to issue bonds or convertible instruments for a maximum amount of 60 million Euros, with conditions set by the Board and the possibility of excluding pre-emptive subscription rights [1][2]. Group 3: Company Overview - Turbo Energy, founded in 2013, is a pioneer in solar energy storage technologies, utilizing Artificial Intelligence to manage energy solutions [3]. - The Company offers scalable, modular energy storage systems aimed at reducing dependence on traditional energy sources and lowering electricity costs [3]. - Turbo Energy's flagship product, the SUNBOX, is recognized as one of the first high-performance, competitively priced home solar energy storage systems, featuring patented EV charging capability [3].
Turbo Energy Granted Patent for Innovative System Enabling Seamless Storage Integration and Expansion of Photovoltaic Installations
Globenewswire· 2025-06-12 12:30
Core Insights - Turbo Energy S.A. has been granted a new patent for an innovative system that integrates energy storage and expands photovoltaic generation in upstream installations, enhancing energy efficiency and flexibility in self-consumption solar power systems [1][2][4] Patent Details - The patent (iP202430282) allows for the addition of energy storage and/or new photovoltaic panels to existing installations without complex retrofitting, optimizing energy usage and reducing reliance on the external power grid [2][3] - The patented solution introduces a "compensation value" concept that maintains a minimum grid consumption level, maximizing surplus energy capture and storage during peak production hours [3] Company Vision and Products - The CEO of Turbo Energy stated that this patent represents a significant advancement in distributed energy innovation, enabling users to control their energy production and storage capabilities [4] - The patented technology is incorporated into Turbo Energy's next-generation energy management solutions, including SUNBOX Home, SUNBOX Industry, and SUNBOX Utility for various applications [4][5] Company Background - Founded in 2013, Turbo Energy is recognized for its proprietary solar energy storage technologies managed through AI, aiming to reduce dependence on traditional energy sources and lower electricity costs [5] - Turbo Energy's flagship product, SUNBOX, is one of the first high-performance, competitively priced all-in-one home solar energy storage systems, featuring patented EV charging capability and AI processes for optimizing solar energy management [5]
Turbo Energy Showcasing Its Line of Innovative Ai-Optimized Sunbox Energy Storage Solutions at Intersolar Europe 2025
Globenewswire· 2025-05-07 17:10
Core Insights - Turbo Energy S.A. is showcasing its AI-optimized solar energy storage solutions at Intersolar Europe 2025, a leading exhibition for the solar industry, which attracts over 110,000 participants annually [1][2] Company Overview - Founded in 2013, Turbo Energy is recognized for its proprietary solar energy storage technologies, utilizing AI to enhance energy management [5] - The company's flagship product, SUNBOX, is one of the first high-performance, competitively priced all-in-one home solar energy storage systems, featuring patented EV charging capability [5] Event Participation - Turbo Energy will be present at Booth B1.430 in Hall B1 during Intersolar Europe 2025, where senior executives and technical representatives will discuss the impact of AI-enabled SUNBOX solutions on energy storage and management [2][4]
Turbo Energy Partners with Chilean Utility Saesa to Expand Smart Battery Storage Systems in Latin America
Globenewswire· 2025-04-30 12:30
Core Insights - Turbo Energy S.A. has partnered with Saesa to expand smart battery systems in Chile, marking a significant step in its Latin American expansion [1][2] - The first joint project involves a smart battery energy storage system at Bayas del Sur, enhancing energy optimization and reducing fuel dependence [2][3] - The project features lithium batteries with 200 kW power and 880 kWh storage capacity, designed to support operations during peak demand and grid outages [3] Company Overview - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies, aiming to reduce dependence on traditional energy sources [5] - The company has launched Turbo Energy Solutions, focusing on photovoltaic generation, energy storage, and smart energy management in Latin America [4] - Turbo Energy's flagship product, the SUNBOX, is a high-performance solar energy storage system with EV charging capability [5]