SolarMax Technology, Inc. (SMXT)
NASDAQ:SMXT
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SolarMax Technology, Inc.
(NASDAQ:SMXT)
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Rating:41Neutral
Price Target:
$0.36
▼(-64.41% Downside)
Action:Reiterated
Date:06/11/26
The score is driven primarily by weak financial performance—negative equity, high debt, and large TTM cash burn outweigh modest revenue growth. Technicals reinforce risk with a clear downtrend despite oversold readings. Valuation is constrained by losses (negative P/E) and no dividend, while corporate events add further downside risk via Nasdaq noncompliance.
Positive Factors
Revenue Growth Trend
Sustained TTM revenue growth (8.7%) signals improving demand and scale versus prior periods. If maintained, this top-line momentum provides room to leverage fixed costs, smooth operating cadence, and create a durable path toward margin recovery and steadier cash generation.
Negative Factors
Severe Leverage / Negative Equity
Deeply negative equity and very large debt create structural solvency and refinancing risks. Heavy leverage reduces financial flexibility, increases interest burden and covenant exposure, and makes the company vulnerable to funding shocks or dilutive restructurings over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Sustained TTM revenue growth (8.7%) signals improving demand and scale versus prior periods. If maintained, this top-line momentum provides room to leverage fixed costs, smooth operating cadence, and create a durable path toward margin recovery and steadier cash generation.
Read all positive factors
SolarMax Technology, Inc. (SMXT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.62M
Dividend YieldN/A
Average Volume (3M)190.37K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue Growth309.46%
EPS Growth71.91%
CountryUS
Employees76
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-0.11
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)-3.36
Price to Sales (P/S)0.45
P/FCF Ratio82.36
Enterprise Value/Market Cap2.55
Enterprise Value/Revenue0.56
Enterprise Value/Gross Profit9.42
Enterprise Value/Ebitda0.05
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. (SMXT) operates as a comprehensive solar energy solutions provider, extending its reach across the United States and China via its subsidiaries. The company offers a diverse portfolio of services, including the sale, inst...
How the Company Makes Money
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SolarMax Technology, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
7
Very Negative
| Breakdown | Mar 2026 | 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 | -4.49M | -30.19M | 3.56M | -3.63M | -1.26M |
| Net Income | -6.32M | -34.96M | 434.79K | -6.87M | -3.32M |
Balance Sheet | |||||
| Total Assets | 91.29M | 38.63M | 48.66M | 61.48M | 72.02M |
| Cash, Cash Equivalents and Short-Term Investments | 8.49M | 7.12M | 2.54M | 3.82M | 13.08M |
| Total Debt | 27.20M | 34.84M | 41.88M | 47.98M | 48.53M |
| Total Liabilities | 103.50M | 53.71M | 64.54M | 77.69M | 80.46M |
| Stockholders Equity | -12.21M | -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
0.54
Negative
0.64
Negative
0.80
Negative
Market Momentum
-0.05
Positive
34.65
Neutral
8.53
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 0.49, above the 50-day MA of 0.54, and above the 200-day MA of 0.80, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 34.65 is Neutral, neither overbought nor oversold. The STOCH value of 8.53 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% | |
45 Neutral | $30.42M | ― | -73.50% | ― | -39.07% | 36.89% | |
44 Neutral | $53.27M | -3.89 | -11.11% | ― | 26.46% | 83.31% | |
41 Neutral | $21.62M | -4.00 | 0.17% | ― | 309.46% | 71.91% | |
| ― | $15.20M | -2.49 | -99.17% | ― | 119.26% | 65.50% |
* Technology Sector Average
SMXT
SolarMax Technology, Inc.
0.38
-0.70
-64.81%
BEEM
Beam Global
1.37
-0.08
-5.52%
SPRU
Spruce Power Holding
2.90
0.86
42.16%
TURB
Turbo Energy, S.A. Sponsored ADR
1.38
-0.95
-40.77%
SolarMax Technology, Inc. Corporate Events
Executive/Board Changes
SolarMax Director Resigns, Prompting Governance Committee Changes
Negative
May 19, 2026
On March 18, 2026, SolarMax Technology, Inc. announced that director Steve Chen resigned from the board for health reasons. His departure also removes him from the Corporate Governance and Nominating Committee, potentially prompting adjustments to...
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.