Solarmax Technology, Inc. SMXT

Technology  —  Solar
2.32 0.12 5.45% as of 25 Sep
Market cap
$10.7M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 25.43%

Capital & Financial Ratios

Market Cap 10.67
Revenue 98.89
Net Income (5.34)
Free Cash Flow (3.09)
Net Debt 20.06
Current Ratio 0.82
Debt/Equity (2.14)
P/E ratio 0.00
P/S ratio 0.11
P/B ratio 0.00
Past 5Y EPS Growth (18.94%)
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 3 7 8 4
Receivables 14 10 17 17
Inventory 1 1 2 2
Other 1 0 46 54
20 21 75 80
2023 2024 2025 Q'26
Payables 3 3 60 61
ST’ Debt 22 18 20 18
Other — — — —
43 35 96 98
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — 26.71%
Cash Flow — — 0.00%
Earnings — — 0.00%
Book Value — — 0.00%

Revenue

Mar Jun Sep Dec Year
’26 15 — — — —
’25 7 7 31 47 91
’24 6 4 6 6 23
’23 13 15 14 12 54
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (4) — — — —
’25 (1) 0 3 (3) 0
’24 (6) (2) 0 (1) (9)
’23 2 (4) 1 5 4
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (4) — — — —
’25 (1) 0 3 (3) 0
’24 (6) (2) 0 (1) (9)
’23 2 (4) 1 5 4
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.07) — — — —
’25 (0.36) (0.48) (0.48) (0.24) (1.56)
’24 (5.52) (0.60) (2.52) (0.96) (9.48)
’23 0.20 (0.56) 0.44 0.05 0.12
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — 7.20 8.78

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — 190.56 30.00
High Price
— — — — — — 117 79 76 72
Employees
— — — — — — 0 1 0 1
Revenue/Emp
— — — — — — 45 54 23 91
Revenue
— — — — — — 16.73% 20.59% 10.07% 4.65%
Gross Margin
— — — — — — (7) 0 (33) (7)
EBT
— — — — — — (15.28%) 0.68% (144.86%) (8.20%)
EBT Margin
— — — — — — (7) 0 (35) (6)
Net Income
— — — — — — 1 2 9 2
Depreciation
— — — — — — 13.51 16.36 6.22 21.85
Revenue/Sh
— — — — — — (2.08) 0.12 (9.48) (1.56)
Earnings/Sh
— — — — — — (0.60) 1.24 (2.47) 0.12
Cash Flow/Sh
— — — — — — 0.00 0.00 0.01 0.00
Capex/Sh
— — — — — — (0.59) 1.23 (2.47) 0.12
Free CF/Sh
— — — — — — (4.90) (4.80) (4.08) (2.93)
Book Value/Sh
— — — — — — 3 3 4 4
Shares
— — — — — — 731.15 731.15 0.00 0.00
PE Ratio
— — — — — — 5.87 5.87 3.12 0.45
PS Ratio
— — — — — — 0.00 0.00 0.00 0.00
PB Ratio
— — — — — — 6.49 6.49 4.19 0.64
EV/Sales
— — — — — — 84.09 84.09 (10.57) 111.77
EV/FCF
— — — — — — (2) 4 (9) 0
Op' Cash Flow
— — — — — — 0 0 0 —
Capex
— — — — — — (2) 4 (9) 0
FCF
— — — — — — (17) (23) (14) (20)
Working Cap'
— — — — — — 41 36 32 25
Total Debt
— — — — — — 37 34 24 17
Net Debt
— — — — — — (16) (16) (15) (12)
Sh' Equity
— — — — — — 0.00% 0.79% (80.11%) (9.74%)
ROA
— — — — — — (23.77%) 1.69% (221.13%) (82.15%)
ROIC
— — — — — — 0.00% (2.71%) 225.81% 46.36%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026

Solarmax Technology, Inc. peers in Solar

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Solarmax Technology, Inc. (SMXT) key facts

  • Solarmax Technology, Inc. (SMXT) is a Solar company in the Technology sector, listed on Nasdaq.
  • Solarmax Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $91.0 million, up 295.8% from fiscal 2024.
  • Solarmax Technology, Inc. reported a net loss of $6.3 million, or a loss of $1.56 per share, for fiscal 2025.
  • As of September 25, 2026, SMXT traded at $2.32, a market capitalization of $10.7 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.1× sales.
  • Return on equity was 46.4% and debt-to-equity -2.14.

Source: company filings (standardised) and stockrow calculations.

Solarmax Technology, Inc. (SMXT) Latest News

News by impact score

Fine-tune

21 Aug

3

SMXT received a Nasdaq notice regarding its delayed Form 10-Q filing, flagging potential compliance and listing risks. Nasdaq delay notice signals compliance issues that risk delisting and short-term pressure on SMXT stock.

18 May

3

Solarmax Technology, Inc. (SMXT) reported first quarter 2026 financial results. Quarterly earnings provide performance metrics that can move stock price and sentiment without transforming company trajectory.

7 Apr

4

SolarMax Technology, Inc. (SMXT) reported fiscal year 2025 financial results. Annual financial results disclosure typically drives substantial shifts in investor sentiment and stock valuation.

6 Jan

4

SolarMax Technology, Inc. has secured a $258.1 million Engineering, Procurement, and Construction (EPC) contract for a 600 MWh battery storage project in Texas. This project aims to enhance energy storage capabilities and support renewable energy integration in the region. The contract represents a significant strategic move that could enhance SolarMax's market position and financial performance.

5 Jan

4

SolarMax Technology, Inc. has secured $158 million in EPC contracts for the development of 400 MWh battery storage projects in Puerto Rico. This initiative aims to enhance the island's energy infrastructure and support its transition to renewable energy sources. The contracts are expected to significantly contribute to the local economy and bolster SolarMax's position in the energy market. The awarded contracts represent a significant strategic move that could enhance SolarMax's market position and financial performance.

3

Solarmax Technology, Inc. (SMXT) has been identified as one of the most active stocks in the market, reflecting heightened trading activity and investor interest. The company's recent developments and market positioning have contributed to its visibility among investors, indicating potential shifts in market dynamics and investor sentiment towards solar technology. Increased trading activity suggests a moderate influence on market sentiment and potential financial performance.

17 Nov

4

SolarMax Technology, Inc. (SMXT) reported its financial results for the third quarter of 2025, highlighting a significant increase in revenue compared to the previous year. The company attributed this growth to strong demand for solar energy solutions and successful project completions. Additionally, SMXT announced plans for new product launches and expansion into emerging markets, aiming to enhance its competitive position. The financial report also included updates on operational efficiencies and cost management strategies, which contributed to improved profit margins. The financial results indicate significant growth and strategic plans that could alter the company's trajectory and investor sentiment.

14 Nov

3

SolarMax Technology, Inc. reported its Q3 earnings, highlighting key financial metrics and operational updates. The company experienced fluctuations in revenue and expenses, impacting overall profitability. Management provided insights into future strategies and market conditions, indicating areas of growth and potential challenges ahead. Investors are keenly observing these developments as they could influence the company's market position. Earnings fluctuations and strategic insights may moderately influence financial performance and market sentiment.

3

SolarMax Technology, Inc. (SMXT) reported a loss of $9.6 million in Q3, with a loss of 21 cents per share. The reported loss and revenue figures may moderately influence the company's financial performance and market sentiment.

14 Aug

4

SolarMax Technology, Inc. reported its Q2 earnings, highlighting a significant increase in revenue compared to the previous year. The company attributed this growth to higher demand for solar energy solutions and successful project completions. Despite challenges in supply chain logistics, SolarMax remains optimistic about future performance, forecasting continued growth in the upcoming quarters. The earnings report reflects the company's strategic focus on expanding its market presence and enhancing operational efficiency. The significant revenue increase and positive outlook indicate a major strategic move that could alter the company's trajectory.

4

SolarMax Technology, Inc. (SMXT) reported its financial results for the second quarter of 2025, highlighting significant revenue growth and improved profitability compared to the previous year. The company attributed its success to increased demand for solar energy solutions and strategic partnerships. Key metrics included a notable rise in total revenue and a reduction in operational costs, positioning SolarMax favorably in the competitive solar market. Management expressed optimism about future growth prospects and ongoing projects aimed at expanding their market presence. Significant revenue growth and improved profitability indicate a strong market position and potential for future expansion.

3

SolarMax Technology, Inc. (SMXT) reported a loss of $2.2 million in the second quarter with revenue of $4.5 million. The reported loss and revenue figures may moderately influence the company's financial performance.

3

SolarMax Technology reported a decrease in revenue and net loss for the second quarter of 2024 due to lower demand and increased borrowing costs. The financial results are expected to moderately influence the company's performance and growth strategy in the near future.

5 Aug

4

SolarMax Technology, Inc. has secured a $127.3 million Engineering, Procurement, and Construction (EPC) contract for a 430 MWh battery storage project in Texas. This project aims to enhance energy storage capabilities and support renewable energy integration in the region. The contract is expected to significantly contribute to the company's growth and operational capacity in the renewable energy sector. The awarded contract represents a significant strategic move that could enhance SolarMax's market position and financial performance.

3

Solarmax Technology, Inc. (SMXT) has been identified as one of the most active stocks in the market, reflecting heightened trading activity and investor interest. The company's recent developments and market performance have contributed to its visibility among investors, indicating potential shifts in market dynamics and investor sentiment towards renewable energy solutions. Increased trading activity suggests a moderate influence on market sentiment and potential financial performance.

16 May

3

SolarMax Technology, Inc. reported first quarter 2025 financial results, showing revenue of $6.9 million, up from $5.8 million in Q1 2024, and a gross profit of $1.4 million compared to a loss of $0.5 million last year. Operating expenses decreased significantly to $2.6 million from $18.4 million, primarily due to a reduction in stock-based compensation. The net loss narrowed to $1.3 million, or $0.03 per share, from a loss of $19.3 million, or $0.46 per share, in the prior year. CEO David Hsu highlighted challenges from California's NEM 3.0 policy but noted progress in commercial projects and operational efficiency. SolarMax aims to diversify and grow its commercial solar and battery system projects despite ongoing market pressures. The financial improvements and strategic focus on commercial projects indicate a moderately noticeable influence on future performance.

3

SolarMax Technology, Inc. reported a significant decrease in revenues and a net loss for the first quarter of 2024 due to one-time expenses related to stock-based compensation and adverse weather conditions. The financial results and one-time expenses are expected to moderately impact SolarMax's future financial performance and market sentiment.

31 Mar

4

SolarMax Technology, Inc. (SMXT) reported its financial results for 2024, highlighting significant revenue growth and improved profitability. The company attributed its success to increased demand for solar energy solutions and strategic partnerships. Key metrics showed a rise in both sales and net income compared to the previous year, indicating a positive trajectory in the competitive solar market. Management expressed optimism about future growth prospects, driven by ongoing investments in technology and expansion into new markets. The reported financial results indicate significant growth and strategic advancements that could alter the company's market position.

13 Dec

4

SolarMax Technology signed an MOU with Sunelement Energy for a 40-megawatt solar power and battery project in Georgia. The agreement for a large-scale solar project with battery storage has the potential to significantly impact Solarmax Technology's future growth and market performance.

12 Dec

4

SolarMax Technology signed an MOU with Sunelement Energy for a 40-Megawatt Solar Farm in Georgia. The agreement for a large-scale solar project in Georgia could significantly impact SolarMax's future growth and market performance.

16 Nov

4

SolarMax Technology reported a loss of US$0.21 per share in the third quarter of 2024, compared to a profit of US$0.037 per share in the same period in 2023. Revenue decreased by 56% to US$6.33m, and the net loss was US$9.62m. The significant decrease in revenue and shift from profit to loss per share indicate a major impact on Solarmax Technology's future performance.

15 Nov

3

SolarMax Technology, Inc. reported a significant drop in revenue and a net loss for the third quarter of 2024 due to various factors including a goodwill impairment in China and increased borrowing costs. The financial results for the quarter are expected to moderately influence the company's financial performance and strategic initiatives.

27 Aug

3

Individual investors own 51% of SolarMax Technology, Inc. (SMXT), while insiders own 39%. Institutions hold less than 5% of the company's shares. The ownership structure may moderately influence the company's future decisions and performance.

23 Aug

4

RedChip Companies will air interviews with OKYO Pharma Ltd. and SolarMax Technology, Inc. on the RedChip Small Stocks, Big Money™ show on Bloomberg TV. The interviews on Bloomberg TV could significantly impact SolarMax Technology, Inc.'s future growth and market performance.

15 Aug

4

SolarMax Technology signed a non-binding term sheet for a commercial solar project in California, including a 4.17 MW solar power plant and a 2.0 MW energy storage system. The project represents a significant strategic move to expand SolarMax's presence in the US commercial solar market.

6 Aug

4

SolarMax Technology, Inc. plans to expand in the U.S. market with a major commercial solar installation project in Las Vegas. The proposed project signifies a significant milestone in SolarMax's commitment to advancing solar power in America.

24 Jul

4

SolarMax Technology, Inc. plans to offer EPC services for large scale solar systems in the US, starting with a project in Las Vegas. The article discusses a significant strategic move by SolarMax to expand its services in the US market, potentially impacting its future growth and market performance.

16 Apr

4

SolarMax Technology, Inc. reported fiscal year 2023 financial results showing revenue increase, gross profit improvement, and net income turnaround. The financial results indicate significant improvements in key metrics, suggesting a positive impact on the company's future performance.

5 Mar

3

SolarMax Technology, Inc. announced exercise of overallotment option from IPO, raising $20 million. The exercise of the overallotment option is expected to moderately influence the company's financial performance.

29 Feb

4

SolarMax Technology, Inc. closed its initial public offering of 4.5 million shares at $4.00 per share, raising $18 million. The IPO closing and funds raised are significant for the company's future growth and market performance.

stockrow.com/SMXT · Data as of Mar 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com