Why did Turbo Energy’s Shares Surge in Premarket Trading Today?

Turbo Energy S.A. (NASDAQ: TURB) shares experienced a dramatic surge in premarket trading on September 16, 2025, jumping 95.9% to $5.29 after closing at $2.70 the previous day. The Spanish solar energy storage company’s stock surge came on the heels of a major contract announcement that could significantly boost the company’s revenue and market position. At 8:33 AM EDT, shares were trading at $5.29, representing a massive premarket gain of $2.59 per share, signaling strong investor confidence in the company’s growth trajectory.

Major Industrial Contract Drives Market Excitement for TURB

Turbo Energy announced on September 16, 2025, that it secured a landmark $53 million contract to supply and implement energy storage projects with a total capacity of 366 MWh across more than ten industrial facilities. The project, scheduled for execution over the next two years, represents a significant milestone for the Valencia-based company and demonstrates growing demand for industrial-scale solar storage solutions.

The contract involves deploying Turbo Energy’s SUNBOX Industry systems, which integrate AI-driven energy management platforms to optimize electricity consumption and reduce exposure to volatile energy prices.

The industrial client, described as a major construction industry group, will benefit from turnkey integration services that include both the hardware installation and Turbo Energy’s cloud-based AI energy management platform.

This comprehensive approach allows the systems to automatically purchase energy at optimal times and prices while providing configurable backup power during outages or peak demand periods. The scalability of the SUNBOX Industry solution, ranging from 30 kW to 2,000 kW in power and 30 kWh to 4,000 kWh in storage capacity, makes it particularly attractive for large industrial deployments requiring varying technical specifications across multiple facilities.

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TURB Stock Hits New High in Premarket Trading

The dramatic premarket surge brought TURB’s market capitalization to approximately $58.3 million based on the premarket price of $5.29, nearly doubling from the previous close market cap of $29.7 million. The stock has shown remarkable volatility and growth potential, with a 52-week range of $1.25 to $4.15, and the premarket price represents a new high for the company. Year-to-date, TURB has delivered impressive returns of 30.56%, significantly outperforming the MSCI World benchmark’s 15.31% gain, while the one-year return stands at an exceptional 102.40%.

However, investors should note that Turbo Energy remains in a growth phase with challenges reflected in its financial metrics. The company posted a negative EPS of -$0.35 for the trailing twelve months, with a profit margin of -35.44% and revenue of $9.42 million.

Despite these current profitability challenges, the company’s strong contract wins and expanding market presence in Europe, North America, and South America suggest potential for improved financial performance. The recent contract represents approximately 5.6 times the company’s current annual revenue, highlighting the transformative potential of this deal for Turbo Energy’s business trajectory.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.