Solarmax TechnologySMXT
SMXT
About: SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.
Employees: 87
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
27% more funds holding
Funds holding: 30 [Q2] → 38 (+8) [Q3]
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
0.99% less ownership
Funds ownership: 3.4% [Q2] → 2.4% (-0.99%) [Q3]
87% less capital invested
Capital invested by funds: $5.05M [Q2] → $674K (-$4.38M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for SMXT.
Financial journalist opinion
Positive
Green Stock News
1 week ago
Green Stock News for December 12, 2024: $DEVS $CSIQ $EXROF $SMXT
Welcome to the green stock news brief for Thursday, December 12th. Here are today's top headlines: DevvStream (NASDAQ: DEVS) and SEER have launched a Carbon Management Program to generate and monetize high-quality carbon credits through biogas capture, and carbon sequestration technologies, targeting the growing $10 billion U.S. market.
Neutral
GlobeNewsWire
1 week ago
SolarMax Technology Signs MOU for Cryptocurrency Solar Projects in the U.S.
RIVERSIDE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, has entered into a Memorandum of Understanding (MOU) with SOS Limited (NYSE: SOS), whose business activities include cryptocurrency mining, to develop large-scale solar power and battery storage facilities in Nevada, Texas and Florida to provide power for SOS' blockchain and cryptocurrency operations.
Neutral
GlobeNewsWire
1 month ago
SolarMax Technology Reports Third Quarter 2024 Financial Results
RIVERSIDE, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended September 30, 2024.
Neutral
Accesswire
3 months ago
OKYO Pharma and SolarMax Technology Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TV
ORLANDO, FL / ACCESSWIRE / August 23, 2024 / RedChip Companies will air interviews with OKYO Pharma Ltd. (Nasdaq:OKYO) and SolarMax Technology, Inc. (Nasdaq:SMXT) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV, this Saturday, August 24, at 7 p.m.
Neutral
GlobeNewsWire
4 months ago
SolarMax Technology Expands US Footprint with New Commercial Solar Project in California
RIVERSIDE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, signed a non-binding term sheet for a significant new commercial solar project in California. The project, a major mall in the San Jose area, represents another step forward in SolarMax' ongoing strategy to expand its solar development capabilities in the US commercial market.
Neutral
GlobeNewsWire
4 months ago
SolarMax Technology Reports Second Quarter 2024 Financial Results
RIVERSIDE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended June 30, 2024.
Neutral
PRNewsWire
4 months ago
SolarMax Technology, Inc. Announces Proposed Milestone Project in the U.S., Establishing Its Leadership Position
RIVERSIDE, Calif. , Aug. 6, 2024 /PRNewswire/ -- SolarMax Technology, Inc. (Nasdaq: SMXT) ("SolarMax" or the "Company"), an integrated renewable energy company, is pleased to announce its plan to expand its business in the U.S. market, dedicated to leading the revolution with innovative smart solar systems.
Neutral
GlobeNewsWire
4 months ago
SolarMax Technology, Inc. Plans to Offer EPC Services in the United States
RIVERSIDE, Calif., July 24, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, announced that it plans to offer engineering, procurement and construction services, known as EPC services, for large scale solar systems in the United States, which would include both solar power and EV charging stations. As the initial step in this business plan, SolarMax has signed a non-binding memorandum of understanding for its first major commercial solar installation project in the United States. This proposed project, to be located in Las Vegas, marks a potentially significant milestone in SolarMax' strategy to offer large scale EPC services in the U.S. EPC services encompass the comprehensive management of a solar project from the initial feasibility studies and design through procurement and construction.
Negative
Seeking Alpha
5 months ago
SolarMax Technology: Struggling Due To NEM 3.0 And Cash Is Running Low
The company raised $18 million through an IPO in February, but operating cash flow was negative $6.4 million in Q1 2024 alone. The shareholders' equity is in the red and I think that SolarMax Technology is likely to run out of liquidity by the end of the year. In my view, the business of SolarMax Technology could be close to worthless in its current state, but short selling seems dangerous.
Neutral
Accesswire
7 months ago
SolarMax Technology, Inc. Reports First Quarter 2024 Financial Results
RIVERSIDE, CA / ACCESSWIRE / May 16, 2024 / SolarMax Technology, Inc. (Nasdaq:SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights Revenues were $5.8 million, compared to $12.9 million in the first quarter of 2023.
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