Turbo Energy (NASDAQ:TURB) Announces Earnings Results

Turbo Energy (NASDAQ:TURB) posted its earnings results on Saturday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $8.48 million for the quarter.

Turbo Energy Price Performance

Shares of NASDAQ:TURB traded up $0.21 during midday trading on Friday, hitting $1.36. The stock had a trading volume of 1,306,634 shares, compared to its average volume of 4,154,456. Turbo Energy has a 12 month low of $0.57 and a 12 month high of $20.45. The business’s 50-day simple moving average is $2.31 and its 200-day simple moving average is $1.65.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Turbo Energy to a “hold” rating in a research note on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Turbo Energy

An institutional investor recently raised its position in Turbo Energy stock. SmartHarvest Portfolios LLC lifted its position in Turbo Energy, S.A. (NASDAQ:TURB) by 411.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,105 shares of the company’s stock after buying an additional 89,364 shares during the quarter. SmartHarvest Portfolios LLC’s holdings in Turbo Energy were worth $297,000 as of its most recent SEC filing.

Turbo Energy Company Profile

Turbo Energy, SA designs, develops, and distributes equipment for the generation, management, and storage of photovoltaic energy in Spain, rest of Europe, and internationally. The company offers lithium-ion batteries; inverters; photovoltaic modules; Go Solar, a portable photovoltaic product; and Sunbox, an AI based software system that monitors the generation, use, and management of photovoltaic energy. It is also involved in the acquisition, distribution, and sale of electrical and electronic materials for the development of renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures.