Maxim Power (MXG) AI Stock Analysis

• Market Cap: C$279.59M
• Dividend Yield: N/A
• Average Volume (3M): 11.24K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.82
• Revenue Growth: -28.65%
• EPS Growth: -73.50%
• Country: CA
• Employees: 46
• Sector: Utilities
• Sector Strength: 65
• Industry: Independent Power Producers
• EPS (TTM): 0.04
• Shares Outstanding: 63,543,797
• 10 Day Avg. Volume: 13,009
• 30 Day Avg. Volume: 11,237
• PEG Ratio: -0.39
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 3.43
• P/FCF Ratio: 15.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$5.00 ▲(12.61% Upside)
• Action: Reiterated Date: 03/21/26
• Date: Action: Reiterated 03/21/26

The score is driven primarily by strong financial stability (very low leverage) and a low P/E valuation. Offsetting factors are uneven profitability and cash-flow volatility, while technical indicators are broadly neutral and do not add meaningful momentum support.

Positive Factors

Balance Sheet Strength

Near-zero-to-zero debt and a large equity base materially reduce refinancing and solvency risk, giving management flexibility to fund maintenance, opportunistic investments or weather low-price periods without forcing asset sales. This durability supports resilience across power cycles.

Negative Factors

Revenue Volatility

Revenue sensitivity to wholesale power prices and plant dispatch causes material top-line swings. Persistent revenue volatility undermines forecasting, capital planning and margin stability, making multi-quarter cash and investment planning harder and increasing exposure to adverse market cycles.

Maxim Power Business Overview & Revenue Model

Company Description

Maxim Power Corp., an independent power producer, engages in the development, ownership, and operation of power generation facilities in Canada. Its core asset is Milner 2 power plant, a 204 megawatt natural gas-fired turbine generator located in ...

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Maxim Power Corp., an independent power producer, engages in the development, ownership, and operation of power generation facilities in Canada. Its core asset is Milner 2 power plant, a 204 megawatt natural gas-fired turbine generator located in ...

How the Company Makes Money

Maxim Power makes money by generating and selling electricity from its power plants into wholesale power markets and through contracted arrangements when available. Key revenue streams typically include: (1) electricity sales, where revenue is dri...

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Maxim Power makes money by generating and selling electricity from its power plants into wholesale power markets and through contracted arrangements when available. Key revenue streams typically include: (1) electricity sales, where revenue is dri...

Maxim Power Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	82.72M	101.48M	38.47M	141.26M	156.01M
Gross Profit	7.93M	42.83M	-9.94M	53.50M	77.94M
EBITDA	15.74M	51.10M	55.45M	70.81M	113.48M
Net Income	16.69M	21.95M	28.30M	42.28M	78.51M
Balance Sheet
Total Assets	383.42M	359.10M	425.84M	382.11M	312.44M
Cash, Cash Equivalents and Short-Term Investments	56.92M	30.07M	32.26M	51.38M	13.55M
Total Debt	0.00	77.00K	81.31M	82.81M	53.85M
Total Liabilities	50.28M	43.08M	128.09M	113.45M	85.25M
Stockholders Equity	333.14M	316.02M	297.75M	268.65M	227.18M
Cash Flow
Free Cash Flow	18.34M	76.88M	-3.58M	-4.68M	16.64M
Operating Cash Flow	32.14M	84.07M	23.84M	76.41M	105.22M
Investing Cash Flow	-4.61M	7.30M	-32.09M	-57.79M	-85.31M
Financing Cash Flow	-660.00K	-93.64M	-10.86M	19.28M	-18.60M

Maxim Power Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MXG, the sentiment is Negative. The current price of 4.44 is above the 20-day moving average (MA) of 4.43, above the 50-day MA of 4.43, and below the 200-day MA of 4.49, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.49 is Neutral, neither overbought nor oversold. The STOCH value of 53.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MXG.

Maxim Power Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MXG	69 Neutral	C$279.59M	17.01	4.33%	―	-28.65%	-73.50%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
NPI	61 Neutral	C$6.28B	-28.57	-3.92%	6.80%	-4.86%	-86.64%
CPX	60 Neutral	C$10.37B	55.06	3.30%	4.44%	-2.99%	-32.11%
ACO.X	54 Neutral	C$6.95B	42.21	3.20%	3.62%	7.75%	11.25%
TA	51 Neutral	C$5.57B	-37.36	-8.84%	1.46%	-11.00%	-227.07%
BLX	46 Neutral	C$3.76B	422.17	0.45%	2.62%	-11.91%	-132.41%

Maxim Power Corporate Events