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Turbo Energy, S.A. Sponsored ADR ( (TURB) ) has issued an update.
Turbo Energy, S.A. announced its expansion into Latin America with the launch of Turbo Energy Solutions, a subsidiary focused on providing advanced solar energy solutions in Chile. The company introduced an Energy-as-a-Service financing model to mitigate large initial investments in sustainable energy technologies, marking a significant step in its global expansion strategy. The first installation of the SUNBOX Industry system at Alto Labranza shopping center in Temuco, Chile, successfully operated during a massive blackout, demonstrating the reliability and efficiency of Turbo Energy’s solutions. This expansion is expected to drive significant growth and set a precedent for renewable energy adoption in the region.
More about Turbo Energy, S.A. Sponsored ADR
Founded in 2013, Turbo Energy, S.A. is a globally recognized pioneer in solar energy storage technologies and solutions, managed through Artificial Intelligence. The company offers scalable, modular energy storage systems for residential, commercial, and industrial users across Europe, North America, and Latin America. Turbo Energy is a subsidiary of Umbrella Global Energy, S.A., and is known for its innovative SUNBOX energy storage systems.
YTD Price Performance: 3.49%
Average Trading Volume: 23,716
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $23.06M
For an in-depth examination of TURB stock, go to TipRanks’ Stock Analysis page.