The technology “Made in Spain” with artificial intelligence (AI) in the field of photovoltaic energy storage Turbo Energy began its stock market listing on the Nasdaq with rises.
Shares with the acronym TURB achieved a rise of almost 30% at 10:39 local time (14:39 GMT), to US$ 6.47 per share.
Turbo Energy, SA, which will maintain its headquarters in Valencia, issued 1,000,000 ADS (Amercian Depositary Agreement) at the price of US$ 5 each “as a mirror of their Spanish actions.”
“The market of energy storage “It has very high growth prospects in the coming years and we have the most advanced software in the sector for the management of residential, commercial and small industry photovoltaic installations,” Mariano Soria, general director of Turbo Energy, indicated in a statement.
According to the statement, the company will use the funds raised in this operation to maintain the technological leadership of its product portfolio and to undertake an ambitious international expansion.
Source: EFE
Source: Gestion
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