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Benzinga
Benzinga
Business
Akanksha Bakshi

This Energy Company Just Scored A $53 Million Contract And The Stock Is On Fire

Spain
Man, market up

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.

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