Turbo Energy Posts 180% Revenue Surge to $17.2M, Swings to Profit in H1 2026
TURB has more than doubled off its 52-week low of $0.57 on light trading volume (0.1× avg).
Summary
Turbo Energy reported preliminary H1 2026 revenue of $17.2 million, up 180% year-over-year, and swung to a small net profit of $10,606 from a $1.65 million loss a year ago. Operating income reached $0.61 million, and EBITDA turned positive at $0.89 million. The growth was driven by large-scale Commercial & Industrial projects, which made up 55% of revenue, including 130 MWh delivered for the Pamesa Net Zero project. The company also expanded in Chile and added new technology partnerships. This follows Nasdaq compliance regained in June, a strategic partnership with HiTHIUM, and prior 107% revenue growth in FY2025. With a market cap around $16 million, the revenue jump is material, but the company must sustain profitability and manage the overhang from a 10% shareholder's planned $1.35 million ADS sale.
At the time of this announcement, TURB was trading at $1.42 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $16.1M. The 52-week trading range was $0.57 to $20.45. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.