STOCK TITAN

Turbo Energy SA - TURB STOCK NEWS

Welcome to our dedicated page for Turbo Energy SA news (Ticker: TURB), a resource for investors and traders seeking the latest updates and insights on Turbo Energy SA stock.

Turbo Energy SA (TURB) delivers innovative photovoltaic solutions and AI-driven energy storage systems for residential and commercial markets. This dedicated news hub provides centralized access to official announcements, financial developments, and strategic updates from the renewable energy innovator.

Investors and industry professionals will find timely updates on product launches, partnership agreements, and operational milestones. Our curated collection includes earnings reports, technology advancements, and market expansion news – all essential for understanding Turbo Energy's position in the clean energy sector.

The page features verified press releases covering energy storage innovations, photovoltaic component developments, and sustainability initiatives. Content is organized for quick scanning while maintaining technical accuracy across solar technology topics and renewable energy market trends.

Bookmark this resource for streamlined access to Turbo Energy's latest corporate developments. Check regularly for updates on AI-optimized energy management systems and emerging photovoltaic solutions that shape the renewable energy landscape.

Rhea-AI Summary

Turbo Energy, a leader in photovoltaic energy storage, announced key outcomes from its 2024 Annual General Meeting of Shareholders held on June 25, 2024, in Valencia, Spain.

Key points include the election of seven board members, ratification of TAAD, LLP as the accounting firm for 2024, approval of the individual annual accounts and management report for the fiscal year ending December 31, 2023, and the delegation of power to the Board to increase share capital and issue convertible bonds up to specific limits, excluding pre-emptive subscription rights.

These proposals aim to provide the Company flexibility in capital management and strategic growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Turbo Energy, a leader in photovoltaic energy storage, has filed a patent application for its Sunbox C&I product with the Spanish Patent and Trademark Office. The product offers efficient and adaptable solutions for solar installations, allowing for increased production capacity and cost savings. CEO Mariano Soria expressed optimism for approval and plans for international expansion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
Tags
none
-
Rhea-AI Summary
Turbo Energy, S.A. reported revenues of €13.14 million ($14.54 million) and a net loss of €2.01 million ($2.23 million) for the year ended December 31, 2023. The company faced challenges in the photovoltaic sector due to high interest rates, energy price decreases, and subsidy reductions, leading to a decline in sales volumes, particularly in Spain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.97%
Tags
Rhea-AI Summary
Turbo Energy's GoSolar solution is now available for sale at El Corte Inglés S.A., the third largest department store group globally, marking a significant step towards sustainability and innovation in photovoltaic energy storage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.54%
Tags
none
-
Rhea-AI Summary
Solar360 and Turbo Energy have formed an alliance to revolutionize the solar photovoltaic self-consumption sector by providing smart battery technology to maximize user savings and provide energy when needed. The strategic alliance will see Turbo Energy providing intelligent batteries, while Solar360 will act as an energy services promoter, installing these batteries in homes, commercial areas, and industries across the country. The innovative product, Sunbox, combines an inverter, battery, and software, with AI algorithms to maximize energy savings and provide personalized performance for the user. The proposal includes a user-friendly mobile application for customization of the device's operation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.06%
Tags
partnership
-
Rhea-AI Summary
Turbo Energy, S.A. (NASDAQ: TURB) announced a transition in management structure due to governance policies of Umbrella Solar Investment (USI), resulting in Enrique transitioning from CEO to Chairman of the Board. Mariano Soria, with 20+ years of experience, becomes the new CEO to lead the company's development and fulfillment of its business plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.91%
Tags
management
Rhea-AI Summary
Turbo Energy, S.A. (NASDAQ: TURB) reported revenues of €7.2 million and a net income of € (697) thousand for the six months ended June 30, 2023. The company's management highlighted challenges in the residential and industrial self-consumption photovoltaic sector due to external factors such as high interest rates, energy price decreases, and subsidy reductions. This led to weak demand and significant reduction in revenue volumes, particularly in Europe, the company's main market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.91%
Tags
none
-
Rhea-AI Summary
Turbo Energy, S.A. (Nasdaq: TURB) announced that Movistar is selling their GoSolar offering through Solar360, marking a step towards sustainability. This revolutionary solution includes a small microinverter and lightweight, flexible panels, allowing users to install it themselves. Movistar's commitment to innovation and sustainability aligns with Turbo Energy's pursuit of cleaner and more efficient photovoltaic generation solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.65%
Tags
none
-
Rhea-AI Summary
Turbo Energy, S.A. (Nasdaq: TURB) announced a strategic alliance with Leroy Merlin to include its residential photovoltaic product, Sunbox, in Leroy Merlin's range of photovoltaic products available in Spain. The collaboration is expected to drive the adoption of photovoltaic energy in Spain and contribute to the global effort to combat climate change.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.36%
Tags
none
Rhea-AI Summary
Turbo Energy, a Spain-based company specializing in photovoltaic solar energy storage, has obtained a patent for its software development that allows its product, SUNBOX, to be positioned as one of the most innovative residential photovoltaic equipment on the market. SUNBOX combines an algorithm powered by Artificial Intelligence (AI) with an electric vehicle charger, providing a comprehensive smart management experience for home photovoltaic installations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.6%
Tags
AI
Turbo Energy SA

Nasdaq:TURB

TURB Rankings

TURB Stock Data

27.30M
967.00k
91.22%
0.36%
0.16%
Solar
Technology
Link
Spain
Valencia