Turbo Energy (TURB) shares soared 102% in Tuesday's premarket session after it said it was awarded a $53 million contract to supply and install energy storage projects in Spain.
The company said that it will provide energy management and other services for the projects, which have a capacity of 366 megawatt hours and will take place over the next two years.
Turbo Energy did not name the company that awarded the contract.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.