Bankinter | The subsidiary Turbo Energy (Closing $12.40, Daily Var. +359.3%; Annual Var. +474.1%), 90% owned by Umbrella and listed on the Nasdaq, will install its Sunbox electricity storage solution at Uber charging points in Spain. It will power high-capacity charging points for Uber with Sunbox Industry systems, creating a 1 MW smart storage centre. This will enable the charging of more than 300 vehicles.
Analysis team’s view: Positive news that reflects the appeal of the Sunbox solution for industrial-scale applications. Yesterday, Turbo Energy’s share price rose 359% after the news was announced. Umbrella is a company listed on BME Growth.
