Why did Turbo Energy's share price soar in pre-market trading today?

Turbo Energy (NASDAQ: TURB) soared 95.9% to $5.29 in pre-market trading on September 16, 2025. Earlier, the company signed a landmark $53 million contract to deploy 366 MWh of AI-powered solar energy storage systems in more than a dozen industrial parks. The contract is expected to be completed within two years, equivalent to 5.6 times the company's current annual revenue and significantly boosted its market value to $58.3 million. Despite earnings per share of -0.35, the contract highlights the growing demand for industrial-scale energy storage and Turbo's expansion in Europe, North and South America.