tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

SolarMax Technology Approves New Share Issuance

Story Highlights
SolarMax Technology Approves New Share Issuance

Meet Your ETF AI Analyst

SolarMax Technology, Inc. ( (SMXT) ) just unveiled an update.

In June and July 2025, SolarMax Technology, Inc.‘s board of directors approved the issuance of 5,712,402 shares of common stock to five investors at prices between $0.74 and $0.83 per share, which was 75% of the market price at the time of investment. This issuance, which exceeded 5% of the company’s outstanding shares by July 31, 2025, was exempt from registration under the Securities Act and raised $4,380,000 for working capital.

The most recent analyst rating on (SMXT) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on SolarMax Technology, Inc. stock, see the SMXT Stock Forecast page.

Spark’s Take on SMXT Stock

According to Spark, TipRanks’ AI Analyst, SMXT is a Underperform.

SolarMax Technology, Inc. is facing significant financial and operational challenges. The most impactful factor is its weak financial performance, characterized by negative profitability and high leverage. Technical analysis indicates bearish momentum, and valuation metrics are unfavorable due to a negative P/E ratio. These factors collectively suggest a high-risk investment.

To see Spark’s full report on SMXT stock, click here.

More about SolarMax Technology, Inc.

Average Trading Volume: 586,979

Technical Sentiment Signal: Sell

Current Market Cap: $50.79M

See more insights into SMXT stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1