Solarmax Technology Inc. Common Stock
SMXTSolarmax Technology Inc. (SMXT) is a company specializing in the design, manufacture, and sale of solar lighting systems and solar-powered outdoor products. It focuses on providing innovative solar energy solutions for residential, commercial, and industrial applications, emphasizing sustainability and energy efficiency. The company develops solar street lights, garden lights, and related LED lighting products, leveraging solar technology to reduce reliance on conventional electricity sources.
Company News
SolarMax Technology reported Q2 2025 financial results with 53% revenue growth and reduced operating expenses. The company secured a $127.3 million EPC contract for a 430 MWh battery storage project in Texas, signaling strategic expansion into large-scale commercial renewable energy projects.
SolarMax Technology, an integrated solar energy company, reported its Q1 2025 financial results. The company saw a 20% increase in revenue and improvement in gross margin despite ongoing challenges, but continues to face impacts from California's NEM 3.0 policy on residential solar demand.
SolarMax Technology, Inc. reported a net loss of $9.6 million for Q3 2024, compared to net income of $1.5 million in Q3 2023, due to a $7.5 million goodwill impairment and higher operating expenses.
SolarMax Technology, a leading solar energy company, has signed a non-binding agreement for a new commercial solar project in California. The project includes a 4.17 MW solar power plant and a 2.0 MW energy storage system, supporting the company's strategy to expand its commercial solar development services in the growing U.S. solar market.
SolarMax Technology, Inc. has signed a non-binding letter of intent for a major commercial solar project in San Jose, California. The project includes a 4.17 MW solar photovoltaic power plant and a 2.0 MW energy storage system. This project is part of SolarMax's strategy to expand its commercial solar development services in the U.S. market.
