- Despite challenges in the self-consumption photovoltaic sector, Turbo Energy achieved remarkable milestones, including the launch of the SunBox Industry product line, securing a patent, and forming strategic partnerships
- The company raised $5 million through its American Depositary Shares on the Nasdaq Capital Market, demonstrating its financial prowess amid industry headwinds
- Despite industry challenges, Turbo Energy maintains an optimistic outlook, leveraging diverse product offerings based on AI-driven energy optimization
In the midst of challenges faced by the self-consumption photovoltaic sector in 2023, Turbo Energy (NASDAQ: TURB), a Spain-based photovoltaic energy storage innovator, achieved notable achievements. Despite revenue decline due to headwinds like high interest rates and subsidy cuts affecting its European stronghold, the company maintained a streak of success over the past 12 months (https://ibn.fm/Ij8i5).
June witnessed the launch of its SunBox Industry product line, a strategic move targeting the commercial and industrial self-consumption market. In September, Turbo Energy successfully raised $5 million with its American Depositary Shares debuting on the Nasdaq Capital Market. October marked a milestone with…
NOTE TO INVESTORS: The latest news and updates relating to TURB are available in the company’s newsroom at https://ibn.fm/TURB
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