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SolarMax Technology, Inc.
(NASDAQ:SMXT)
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Rating:48Neutral
Price Target:
$4.50
▲(49.01% Upside)
Action:Reiterated
Date:10/09/26
The score is primarily constrained by weak financial performance: negative equity, inconsistent profitability, and sharply negative TTM cash flow increase liquidity and balance-sheet risk. Technicals are supportive in the near term with price above major moving averages, but overbought momentum signals temper the benefit. Valuation provides limited support due to negative earnings (negative P/E) and no indicated dividend yield.
Positive Factors
Continued Revenue Growth
Revenue growth indicates the company continues to generate demand for its solar offerings despite weak profitability. If sustained, a larger revenue base could improve operating leverage and provide a foundation for future margin recovery over the next several quarters.
Negative Factors
Negative Stockholders’ Equity
Negative equity leaves the company with a thin capital cushion and reduces financial flexibility during operating volatility. Combined with meaningful debt, this balance-sheet structure raises refinancing and stability risks and may constrain the company’s ability to fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Continued Revenue Growth
Revenue growth indicates the company continues to generate demand for its solar offerings despite weak profitability. If sustained, a larger revenue base could improve operating leverage and provide a foundation for future margin recovery over the next several quarters.
Read all positive factors
SolarMax Technology, Inc. (SMXT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.20M
Dividend YieldN/A
Average Volume (3M)200.25K
Price to Earnings (P/E)―
Beta (1Y)1.94
Revenue Growth284.69%
EPS Growth60.47%
CountryUS
Employees79
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-1.83
Shares Outstanding4,742,167
10 Day Avg. Volume555,936
30 Day Avg. Volume200,252
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-3.36
Price to Sales (P/S)0.45
P/FCF Ratio82.37
Enterprise Value/Market Cap2.66
Enterprise Value/Revenue0.53
Enterprise Value/Gross Profit7.01
Enterprise Value/Ebitda-21.38
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...
SolarMax Technology, Inc. Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.25M | 90.98M | 22.99M | 54.14M | 44.72M | 37.74M |
| Gross Profit | 7.67M | 4.23M | 2.31M | 11.15M | 7.48M | 5.95M |
| EBITDA | -2.51M | -4.49M | -30.19M | 3.56M | -3.63M | -1.26M |
| Net Income | -8.09M | -6.32M | -34.96M | 434.79K | -6.87M | -3.32M |
Balance Sheet | ||||||
| Total Assets | 110.51B | 91.29M | 38.63M | 48.66M | 61.48M | 72.02M |
| Cash, Cash Equivalents and Short-Term Investments | 2.16B | 8.49M | 7.12M | 2.54M | 3.82M | 13.08M |
| Total Debt | 27.53B | 27.20M | 34.84M | 41.88M | 47.98M | 48.53M |
| Total Liabilities | 126.60B | 103.50M | 53.71M | 64.54M | 77.69M | 80.46M |
| Stockholders Equity | -16.10M | -12.21M | -15.08M | -15.89M | -16.21M | -8.45M |
Cash Flow | ||||||
| Free Cash Flow | -4.19B | 498.05K | -9.13M | 3.79M | -2.06M | -5.35M |
| Operating Cash Flow | -4.19B | 498.05K | -9.13M | 3.81M | -1.97M | -5.35M |
| Investing Cash Flow | 553.12M | 5.84M | -6.32M | -6.55K | -280.52K | 2.03M |
| Financing Cash Flow | -8.11M | 1.15M | 13.31M | -5.05M | -7.50M | -5.07M |
SolarMax Technology, Inc. Technical Analysis
Positive
3.02
Price Trends
3.15
Positive
4.04
Positive
6.33
Negative
Market Momentum
0.28
Negative
67.10
Neutral
84.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMXT, the sentiment is Positive. The current price of 3.02 is above the 20-day moving average (MA) of 2.59, below the 50-day MA of 3.15, and below the 200-day MA of 6.33, indicating a neutral trend. The MACD of 0.28 indicates Negative momentum. The RSI at 67.10 is Neutral, neither overbought nor oversold. The STOCH value of 84.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
54 Neutral | $12.32M | -2.14 | -35.04% | ― | 209.90% | ― | |
48 Neutral | $20.20M | -2.33 | 0.20% | ― | 284.69% | 60.47% | |
46 Neutral | $24.22M | -1.23 | -73.59% | ― | -20.49% | 43.15% | |
43 Neutral | $30.03M | -3.66 | -6.09% | ― | 9.77% | 90.31% |
* Technology Sector Average
SMXT
SolarMax Technology, Inc.
4.26
-8.22
-65.87%
BEEM
Beam Global
1.07
-2.67
-71.39%
SPRU
Spruce Power Holding
1.56
-1.47
-48.51%
TURB
Turbo Energy, S.A. Sponsored ADR
0.98
-2.98
-75.28%
SolarMax Technology, Inc. Corporate Events
Business Operations and StrategyStock Split
SolarMax Implements One-for-12 Reverse Stock Split
Neutral
Jul 28, 2026
On July 26, 2026, SolarMax Technology, Inc. announced that its board of directors approved a one-for-12 reverse split of the company’s common stock, along with a reduction in authorized shares from 297,225,000 to 24,768,750. The company will...
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.