Turbo Energy (NASDAQ:TURB) Trading 35.3% Higher – Here’s What Happened

Turbo Energy, S.A. (NASDAQ:TURB)’s share price was up 35.3% during mid-day trading on Thursday . The company traded as high as $3.80 and last traded at $3.18. Approximately 36,101,414 shares were traded during mid-day trading, an increase of 545% from the average daily volume of 5,595,074 shares. The stock had previously closed at $2.35.

Turbo Energy Trading Up 35.3%

The company’s 50-day moving average is $1.71 and its 200-day moving average is $2.37.

Hedge Funds Weigh In On Turbo Energy

A hedge fund recently bought a new stake in Turbo Energy stock. XTX Topco Ltd purchased a new stake in shares of Turbo Energy, S.A. (NASDAQ:TURB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,301 shares of the company’s stock, valued at approximately $26,000.

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.