Turbo Energy (NASDAQ:TURB) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Turbo Energy (NASDAQ:TURB) to a hold rating in a research report released on Saturday.

Turbo Energy Trading Down 13.4%

Shares of TURB opened at $1.62 on Friday. The stock has a 50 day simple moving average of $2.05 and a 200 day simple moving average of $1.95. Turbo Energy has a 52-week low of $0.57 and a 52-week high of $20.45.

Institutional Investors Weigh In On Turbo Energy

A hedge fund recently bought a new stake in Turbo Energy stock. XTX Topco Ltd bought a new stake in Turbo Energy, S.A. (NASDAQ:TURB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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.