Key Highlights

  • First-half 2026 Revenue was EUR 15,033,238, up 172.7% from EUR 5,512,458.
  • Operating income was EUR 510,542 against an operating loss of EUR 1,164,274 a year earlier.
  • Gross Margin fell to 16.5% from 24.0% as lower-margin project work grew.
  • Cash at June 30, 2026 was EUR 503,586, and operations used EUR 3,658,411 in the half.
  • A USD 53 million contract covers 366 MWh of storage across 10 factories in Spain.

What Moved Turbo Energy Today (up USD 0.1140, 14.06%)

Turbo Energy, S.A. (NASDAQ:TURB) rose 14.06% to USD 0.9251 in regular trading on November 3, 2026, a gain of USD 0.1140 from Monday's close of about USD 0.8111 (calculated). The screen showed Volume of 36.35K shares and a Market Capitalisation of about USD 10.2 million, so the move came on very light trading.

No company announcement dated November 2 or November 3, 2026 was identified, and the most recent releases found were dated September 29 and October 6, 2026. The jump looks like a swing in a thinly traded stock.

The Latest Disclosures in Detail

On September 29, 2026, the company reported unaudited results for the six months ended June 30, 2026. Total revenue was EUR 15,033,238, compared with EUR 5,512,458 in the first half of 2025. Management tied the growth to execution of a 366 MWh industrial storage project, and about EUR 7.19 million of the total came from related parties (roughly 47.8% of revenue, calculated).

Cost of revenues rose 199.7% to EUR 12,549,216, so Gross Profit of EUR 2,484,022 grew 87.6% while gross margin slipped to 16.5% from 24.0%. Operating expenses fell 20.7% to EUR 1,973,480, which swung Operating Income to EUR 510,542 from a loss of EUR 1,164,274. Net Income was EUR 65,647, compared with a net loss of EUR 1,397,715.

In a release dated October 6, 2026, the company said 62.5 MWh of battery storage was operating at three industrial sites in Spain, supported by 34 MWp of installed solar capacity. Those sites sit inside the USD 53 million, 366 MWh contract, which has a delivery and commissioning window from October 1, 2026 through June 30, 2027.

Business Background

Turbo Energy is a Valencia-based company founded in 2013 that designs and distributes solar storage and energy management systems under the SUNBOX brand. Its American depositary shares each represent five ordinary shares, and it is part of Umbrella Global Energy, S.A.

The company also said in September 2026 that it had announced a portfolio of 15 storage projects across Spain and Chile worth about USD 3.5 million. Management listed its next priorities as better project mix and margins, faster conversion of Working Capital into cash, and growth in software and service revenue.

Balance Sheet and Risks

Shareholders' Equity rose to EUR 5,518,529 at June 30, 2026 from EUR 1,599,640 at December 31, 2025, and working capital moved to EUR 6,547,449 from a Deficit of EUR 910,135. Total liabilities fell to EUR 17,153,494 from EUR 22,810,103, and the company restructured EUR 4,870,491 of bank Debt into long-term financing.

Cash was only EUR 503,586, however, and Operating Activities used EUR 3,658,411 in the half. Financing inflows of EUR 3,694,208, largely from a registered direct offering and at-the-market issuances, covered the gap, and weighted average shares reached 59,415,835 versus 55,085,700 a year earlier. This is a penny stock, so shares can be highly volatile, thinly traded and exposed to dilution if more capital is raised.

What to Watch Next

Items to follow include further commissioning updates under the 366 MWh contract, whether gross margin recovers as the project mix changes, and how cash is managed against ongoing financing needs.## FAQs