Turbo Energy (NASDAQ:TURB) Issues Quarterly Earnings Results

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

Turbo Energy Price Performance

Shares of NASDAQ:TURB opened at $1.36 on Monday. Turbo Energy has a 12-month low of $0.57 and a 12-month high of $20.45. The business has a fifty day simple moving average of $2.31 and a 200 day simple moving average of $1.63.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Turbo Energy stock. SmartHarvest Portfolios LLC grew its holdings in shares of Turbo Energy, S.A. (NASDAQ:TURB) by 411.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,105 shares of the company’s stock after acquiring an additional 89,364 shares during the period. SmartHarvest Portfolios LLC’s holdings in Turbo Energy were worth $297,000 as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Turbo Energy to a “hold” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Turbo Energy

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.