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SolarMax Technology, Inc.
(NASDAQ:SMXT)
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Rating:41Neutral
Price Target:
$2.00
▼(-33.77% Downside)
Action:Upgraded
Date:09/18/26
The score is weighed down primarily by very weak financial health (negative equity, large debt, and significant TTM cash burn) and a bearish technical backdrop (below all major moving averages with negative MACD). Valuation offers limited support because the negative P/E reflects ongoing losses and no dividend yield is provided.
Positive Factors
Revenue Growth
Improving revenue growth indicates demand has strengthened versus the prior annual period and provides a broader base for future operating recovery. If this trajectory persists, higher sales could support better fixed-cost absorption and help the company rebuild earnings capacity over the coming quarters.
Negative Factors
Stressed Balance Sheet
Negative equity combined with very large debt materially weakens financial flexibility and increases solvency and refinancing risk. This capital structure can constrain investment, make additional funding more difficult, and leave the company less able to absorb operating setbacks over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Improving revenue growth indicates demand has strengthened versus the prior annual period and provides a broader base for future operating recovery. If this trajectory persists, higher sales could support better fixed-cost absorption and help the company rebuild earnings capacity over the coming quarters.
Read all positive factors
SolarMax Technology, Inc. (SMXT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.01M
Dividend YieldN/A
Average Volume (3M)24.14K
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue Growth309.46%
EPS Growth71.90%
CountryUS
Employees79
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-1.35
Shares Outstanding4,742,215
10 Day Avg. Volume32,433
30 Day Avg. Volume24,137
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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
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
3.02
Price Trends
3.48
Negative
4.56
Negative
6.83
Negative
Market Momentum
-0.43
Negative
39.48
Neutral
51.84
Neutral
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 3.02 is above the 20-day moving average (MA) of 2.48, below the 50-day MA of 3.48, and below the 200-day MA of 6.83, indicating a bearish trend. The MACD of -0.43 indicates Negative momentum. The RSI at 39.48 is Neutral, neither overbought nor oversold. The STOCH value of 51.84 is Neutral, 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% | |
54 Neutral | $12.56M | -2.08 | -62.24% | ― | 232.69% | ― | |
52 Neutral | $30.33M | -1.47 | -73.59% | ― | -20.49% | 43.15% | |
43 Neutral | $39.27M | -4.72 | -6.09% | ― | 9.77% | 90.31% | |
41 Neutral | $10.01M | -1.70 | 42.25% | ― | 309.46% | 71.90% |
* Technology Sector Average
SMXT
SolarMax Technology, Inc.
2.29
-10.31
-81.82%
BEEM
Beam Global
1.28
-1.56
-54.93%
SPRU
Spruce Power Holding
2.01
0.31
18.24%
TURB
Turbo Energy, S.A. Sponsored ADR
1.03
-5.66
-84.60%
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...
Delistings and Listing ChangesRegulatory Filings and Compliance
SolarMax faces new Nasdaq market value compliance challenge
Negative
Jun 30, 2026
SolarMax Technology, Inc. disclosed that on June 22, 2026, it received a notice from Nasdaq that its market value of listed securities had fallen below the required $35 million threshold for continued listing on the Nasdaq Capital Market. Nasdaq h...
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.