Turbo Energy appoints Julian Groves to board of directors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2025
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Should l Buy TURB?
Source: Business Insider
Appointment Announcement: Turbo Energy (TURB) has appointed Julian Groves to its Board of Directors, a decision approved by shareholders during the Extraordinary General Meeting on December 18, 2024. Groves has been serving as COO and an executive member of the Board of MGO Global since February 2019.
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About TURB
Turbo Energy SA (Turbo Energy) is a Spain-based company involved in the electric power industry. The Company works on launching photovoltaic solutions for any type of building, from collective solutions to the simplest plug & play solutions that do not require an installer. The Company has more than 20 years of experience of the entire utility-scale photovoltaic value chain and a +700MW plant development pipeline. It aims to support the decentralization of energy generation by acting on Energy Communities, Carbon Credits and Virtual Power Plants. It also makes energy independence possible through technology and customization. Through its application one can control and customize the generation and consumption of energy in the business and access in real time to the status of the batteries, solar production, alerts and energy, environmental and bill savings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Turbo Energy Completes Financing Restructuring
- Successful Restructuring: Turbo Energy has completed a restructuring of its bank financing with three leading Spanish financial institutions, converting existing facilities into long-term financing totaling approximately €4.87 million (about $5.75 million), aimed at enhancing financial flexibility and supporting its global expansion plans.
- Increased Financial Flexibility: By extending loan terms, Turbo Energy is now better positioned to accelerate growth in high-demand markets such as Latin America and the United States, addressing the expanding needs for distributed energy storage and on-site renewable energy infrastructure.
- Strategic Confidence: CEO Mariano Soria stated that this restructuring reflects strong confidence from the three financial institutions in Turbo Energy's technology and long-term growth prospects, providing a solid financial foundation to support its global expansion initiatives.
- Market Leadership: As a pioneer in solar energy storage technologies, Turbo Energy is committed to further solidifying its leadership position in the global commercial and industrial energy storage sector through AI-driven energy storage systems and Energy-as-a-Service initiatives.
See More
Turbo Energy Completes Bank Financing Restructuring
- Restructuring Completed: Turbo Energy successfully completed its bank financing restructuring on Monday, aimed at strengthening its financial position and aligning liquidity with its medium- and long-term business plans, ensuring future cash flow stability.
- Long-term Financing Agreements: The company secured agreements with Bankinter, CaixaBank, and BBVA to restructure existing bank facilities into approximately €4.87 million ($5.75 million) of long-term financing, significantly improving its capital structure.
- Stock Price Surge: Following the restructuring announcement, Turbo Energy's shares rose by 9.92%, reflecting a positive market response to the company's improved financial health and boosting investor confidence.
- Strategic Alignment: This financing restructuring not only optimizes the company's financial leverage but also provides a more robust funding base for future business expansion and investments, aligning with the company's long-term growth strategy.
See More
Turbo Energy (TURB) Receives Nasdaq Non-Compliance Notice Due to Low Equity
- Nasdaq Warning: Turbo Energy received a notice from Nasdaq on January 12, 2026, indicating non-compliance due to stockholders' equity falling below the $2.5 million requirement, with current equity reported at approximately $1.5 million, highlighting financial strain.
- Compliance Plan: The company is reviewing measures to restore compliance and will file a plan with Nasdaq as required, aiming to meet capital market standards promptly to avoid further sanctions.
- Executive Change: Turbo Energy appointed Lucia Tamarit as CFO, likely to strengthen financial management and address current compliance challenges, enhancing corporate governance.
- Market Reaction: The compliance issues may pressure Turbo Energy's stock price, prompting investors to monitor the company's subsequent compliance plans and their impact on stockholders' equity.
See More
Turbo Energy (TURB) Receives Nasdaq Compliance Notice, Equity Below $1.5 Million
- Compliance Notice: Turbo Energy received a written notice from Nasdaq on January 12, 2026, indicating its stockholders' equity of approximately $1.5 million is below the required $2.5 million for continued listing, highlighting compliance challenges.
- Listing Requirements: Under Nasdaq rules, Turbo Energy must submit a compliance plan within 45 days, with a potential extension of up to 180 days if accepted, posing risks to future financing and market confidence.
- Strategic Evaluation: The company is actively assessing options to regain compliance and plans to submit a proposal within the required timeframe, aiming to accelerate revenue growth and strengthen its balance sheet, reflecting its focus on international expansion.
- Long-term Commitment: Despite compliance risks, Turbo Energy remains committed to maintaining its Nasdaq listing and executing initiatives designed to enhance long-term shareholder value, demonstrating confidence in its future development.
See More
Turbines, Inc. Launches eCommerce Platform to Enhance Customer Convenience
- eCommerce Platform Launch: Turbines, Inc. has introduced a new eCommerce platform that allows customers to securely place orders online using debit or credit cards, marking a significant advancement in the company's commitment to customer service and operational efficiency.
- Streamlined Purchasing Process: By enabling direct online purchases, customers can conveniently access a variety of products, including turbine flow meters and electronic components, thereby enhancing their shopping experience and satisfaction.
- Wide Product Range: The new platform features a broad selection of products, allowing customers to easily browse categories, view detailed specifications, and select configurations tailored to their specific applications, which further strengthens the company's competitive position in the market.
- Commitment to Continuous Innovation: According to Robert McDavid, Director of Global Sales Strategies, the launch of the eCommerce platform reflects the company's ongoing focus on innovation, responsiveness, and customer satisfaction, aiming to make business interactions with Turbines, Inc. as seamless as possible.
See More
Turbo Energy Names Lucia Tamarit as New Chief Financial Officer
New CFO Appointment: Turbo Energy S.A. has appointed Lucia Tamarit as the new Chief Financial Officer, succeeding Alejandro Morangues, who left to pursue other opportunities.
Tamarit's Experience: Lucia Tamarit brings over a decade of international finance and operations experience, having previously served as Financial Manager at CSP Spain and worked at Ernst & Young.
Company Overview: Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies and aims to reduce dependence on traditional energy sources through innovative solutions.
Future Outlook: The company emphasizes its commitment to innovation and growth, with a focus on expanding its market presence and enhancing its product offerings, including the SUNBOX solar energy storage system.
See More
Turbo Energy Completes Financing Restructuring
- Successful Restructuring: Turbo Energy has completed a restructuring of its bank financing with three leading Spanish financial institutions, converting existing facilities into long-term financing totaling approximately €4.87 million (about $5.75 million), aimed at enhancing financial flexibility and supporting its global expansion plans.
- Increased Financial Flexibility: By extending loan terms, Turbo Energy is now better positioned to accelerate growth in high-demand markets such as Latin America and the United States, addressing the expanding needs for distributed energy storage and on-site renewable energy infrastructure.
- Strategic Confidence: CEO Mariano Soria stated that this restructuring reflects strong confidence from the three financial institutions in Turbo Energy's technology and long-term growth prospects, providing a solid financial foundation to support its global expansion initiatives.
- Market Leadership: As a pioneer in solar energy storage technologies, Turbo Energy is committed to further solidifying its leadership position in the global commercial and industrial energy storage sector through AI-driven energy storage systems and Energy-as-a-Service initiatives.
See More
Turbo Energy Completes Bank Financing Restructuring
- Restructuring Completed: Turbo Energy successfully completed its bank financing restructuring on Monday, aimed at strengthening its financial position and aligning liquidity with its medium- and long-term business plans, ensuring future cash flow stability.
- Long-term Financing Agreements: The company secured agreements with Bankinter, CaixaBank, and BBVA to restructure existing bank facilities into approximately €4.87 million ($5.75 million) of long-term financing, significantly improving its capital structure.
- Stock Price Surge: Following the restructuring announcement, Turbo Energy's shares rose by 9.92%, reflecting a positive market response to the company's improved financial health and boosting investor confidence.
- Strategic Alignment: This financing restructuring not only optimizes the company's financial leverage but also provides a more robust funding base for future business expansion and investments, aligning with the company's long-term growth strategy.
See More
Turbo Energy (TURB) Receives Nasdaq Non-Compliance Notice Due to Low Equity
- Nasdaq Warning: Turbo Energy received a notice from Nasdaq on January 12, 2026, indicating non-compliance due to stockholders' equity falling below the $2.5 million requirement, with current equity reported at approximately $1.5 million, highlighting financial strain.
- Compliance Plan: The company is reviewing measures to restore compliance and will file a plan with Nasdaq as required, aiming to meet capital market standards promptly to avoid further sanctions.
- Executive Change: Turbo Energy appointed Lucia Tamarit as CFO, likely to strengthen financial management and address current compliance challenges, enhancing corporate governance.
- Market Reaction: The compliance issues may pressure Turbo Energy's stock price, prompting investors to monitor the company's subsequent compliance plans and their impact on stockholders' equity.
See More
Turbo Energy (TURB) Receives Nasdaq Compliance Notice, Equity Below $1.5 Million
- Compliance Notice: Turbo Energy received a written notice from Nasdaq on January 12, 2026, indicating its stockholders' equity of approximately $1.5 million is below the required $2.5 million for continued listing, highlighting compliance challenges.
- Listing Requirements: Under Nasdaq rules, Turbo Energy must submit a compliance plan within 45 days, with a potential extension of up to 180 days if accepted, posing risks to future financing and market confidence.
- Strategic Evaluation: The company is actively assessing options to regain compliance and plans to submit a proposal within the required timeframe, aiming to accelerate revenue growth and strengthen its balance sheet, reflecting its focus on international expansion.
- Long-term Commitment: Despite compliance risks, Turbo Energy remains committed to maintaining its Nasdaq listing and executing initiatives designed to enhance long-term shareholder value, demonstrating confidence in its future development.
See More
Turbines, Inc. Launches eCommerce Platform to Enhance Customer Convenience
- eCommerce Platform Launch: Turbines, Inc. has introduced a new eCommerce platform that allows customers to securely place orders online using debit or credit cards, marking a significant advancement in the company's commitment to customer service and operational efficiency.
- Streamlined Purchasing Process: By enabling direct online purchases, customers can conveniently access a variety of products, including turbine flow meters and electronic components, thereby enhancing their shopping experience and satisfaction.
- Wide Product Range: The new platform features a broad selection of products, allowing customers to easily browse categories, view detailed specifications, and select configurations tailored to their specific applications, which further strengthens the company's competitive position in the market.
- Commitment to Continuous Innovation: According to Robert McDavid, Director of Global Sales Strategies, the launch of the eCommerce platform reflects the company's ongoing focus on innovation, responsiveness, and customer satisfaction, aiming to make business interactions with Turbines, Inc. as seamless as possible.
See More
Turbo Energy Names Lucia Tamarit as New Chief Financial Officer
New CFO Appointment: Turbo Energy S.A. has appointed Lucia Tamarit as the new Chief Financial Officer, succeeding Alejandro Morangues, who left to pursue other opportunities.
Tamarit's Experience: Lucia Tamarit brings over a decade of international finance and operations experience, having previously served as Financial Manager at CSP Spain and worked at Ernst & Young.
Company Overview: Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies and aims to reduce dependence on traditional energy sources through innovative solutions.
Future Outlook: The company emphasizes its commitment to innovation and growth, with a focus on expanding its market presence and enhancing its product offerings, including the SUNBOX solar energy storage system.
See More
