Solarmax Technology (NASDAQ:SMXT) Announces Quarterly Earnings Results

Posted by Trevor Kearing on Oct 8th, 2026

Solarmax Technology (NASDAQ:SMXT – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.98) EPS for the quarter, FiscalAI reports. The company had revenue of $10.24 million for the quarter.

Solarmax Technology Trading Up 28.4%

NASDAQ:SMXT opened at $4.39 on Thursday. The company has a market capitalization of $20.81 million, a P/E ratio of -3.32 and a beta of 0.24. The firm has a 50-day moving average price of $3.11 and a two-hundred day moving average price of $5.00. Solarmax Technology has a twelve month low of $1.82 and a twelve month high of $15.24.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Solarmax Technology stock. Renaissance Technologies LLC raised its stake in shares of Solarmax Technology, Inc. (NASDAQ:SMXT – Free Report) by 45.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,483 shares of the company’s stock after buying an additional 18,000 shares during the quarter. Renaissance Technologies LLC owned about 0.10% of Solarmax Technology worth $40,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Solarmax Technology in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

View Our Latest Analysis on Solarmax Technology

About Solarmax Technology

(Get Free Report)

SolarMax Technology, Inc is a renewable energy company that develops and delivers solar photovoltaic solutions, with a primary focus on distributed solar projects in China. The company serves customers seeking to generate electricity through solar installations and provides services spanning project development, system design, procurement, construction and installation.

In addition to deploying solar power systems, SolarMax Technology provides related project management and operations and maintenance services.