SolarMax Technology, Inc. (SMXT)
NASDAQ:SMXT
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SolarMax Technology, Inc.
(NASDAQ:SMXT)
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Rating:40Underperform
Price Target:
$0.59
▼(-42.25% Downside)
Action:DowngradedDate:04/08/26
The score is primarily weighed down by weak financial strength (negative equity and very large debt despite improved cash flow) and bearish technicals (below key moving averages with negative MACD). Added risk comes from the Nasdaq bid-price noncompliance notice, while valuation provides limited support due to ongoing losses and no dividend data.
Positive Factors
Revenue Recovery
A strong revenue rebound in 2025 demonstrates the company can regain demand and scale sales after a downturn. Durable revenue momentum reduces execution risk, supports operating leverage opportunities, and provides a platform to rebuild margins and investor confidence over the coming months.
Negative Factors
Weak Balance Sheet
Very large debt and persistent negative equity materially constrain financial flexibility and increase refinancing and dilution risk. This capital-structure imbalance limits the company's ability to absorb shocks, pursue growth investments, or negotiate favorable financing terms over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
A strong revenue rebound in 2025 demonstrates the company can regain demand and scale sales after a downturn. Durable revenue momentum reduces execution risk, supports operating leverage opportunities, and provides a platform to rebuild margins and investor confidence over the coming months.
Read all positive factors
SolarMax Technology, Inc. (SMXT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$28.01M
Dividend YieldN/A
Average Volume (3M)190.37K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth76.60%
EPS Growth70.94%
CountryUS
Employees76
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-0.04
Shares Outstanding56,906,570
10 Day Avg. Volume76,364
30 Day Avg. Volume190,372
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.45
P/FCF Ratio0.08
Enterprise Value/Market Cap312.87
Enterprise Value/Revenue96.32
Enterprise Value/Gross Profit2.07K
Enterprise Value/Ebitda-1.54K
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SolarMax Technology, Inc. Business Overview & Revenue Model
Company Description
SolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; financing the sale of ...
How the Company Makes Money
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SolarMax Technology, Inc. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
8
Very Negative
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 90.98M | 22.99M | 54.14M | 44.72M | 37.74M |
| Gross Profit | 4.23M | 2.31M | 11.15M | 7.48M | 5.95M |
| EBITDA | -5.75M | -30.19M | 3.56M | -3.63M | -1.26M |
| Net Income | -6.32M | -34.96M | 434.79K | -6.87M | -3.32M |
Balance Sheet | |||||
| Total Assets | 91.29B | 38.63M | 48.66M | 61.48M | 72.02M |
| Cash, Cash Equivalents and Short-Term Investments | 8.49B | 7.12M | 2.54M | 3.82M | 13.08M |
| Total Debt | 16.70B | 34.84M | 41.88M | 47.98M | 48.53M |
| Total Liabilities | 103.50B | 53.71M | 64.54M | 77.69M | 80.46M |
| Stockholders Equity | -12.21B | -15.08M | -15.89M | -16.21M | -8.45M |
Cash Flow | |||||
| Free Cash Flow | 498.05K | -9.13M | 3.79M | -2.06M | -5.35M |
| Operating Cash Flow | 498.05K | -9.13M | 3.81M | -1.97M | -5.35M |
| Investing Cash Flow | 5.84M | -6.32M | -6.55K | -280.52K | 2.03M |
| Financing Cash Flow | 1.15M | 13.31M | -5.05M | -7.50M | -5.07M |
SolarMax Technology, Inc. Technical Analysis
Negative
1.02
Price Trends
0.74
Negative
0.81
Negative
0.94
Negative
Market Momentum
-0.03
Positive
30.28
Neutral
17.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMXT, the sentiment is Negative. The current price of 1.02 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.74, and above the 200-day MA of 0.94, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 30.28 is Neutral, neither overbought nor oversold. The STOCH value of 17.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMXT.
SolarMax Technology, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
43 Neutral | $72.68M | -3.53 | -20.95% | ― | 37.59% | 72.94% | |
42 Neutral | $31.02M | -2.70 | -80.33% | ― | -54.56% | -133.60% | |
42 Neutral | $22.30M | -0.39 | 54.21% | ― | -54.68% | 63.56% | |
40 Underperform | $28.01M | -6.49 | 0.21% | ― | 76.60% | 70.94% | |
| ― | $24.90M | -0.84 | -99.17% | ― | -5.74% | 54.80% |
* Technology Sector Average
SMXT
SolarMax Technology, Inc.
0.49
-0.59
-54.44%
BEEM
Beam Global
1.63
-0.06
-3.55%
SPRU
Spruce Power Holding
4.00
1.88
88.68%
MAXN
Maxeon Solar Technologies
1.32
-1.96
-59.76%
TURB
Turbo Energy, S.A. Sponsored ADR
2.26
-0.32
-12.37%
SolarMax Technology, Inc. Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
SolarMax Receives Nasdaq Notice on Bid Price Noncompliance
Negative
Mar 11, 2026
On March 3, 2026, SolarMax Technology, Inc. disclosed that it had received a notice from The Nasdaq Stock Market stating the company no longer met the exchange’s minimum bid price requirement of $1 per share for continued listing. SolarMax n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.