Solarmax Technology Inc. Common Stock
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- SolarMax Technology, Inc. (Nasdaq: SMXT) operates as an integrated solar and renewable energy company focused on the development, sale, installation, and maintenance of solar energy systems; it provides photovoltaic (PV) solar panels including brands such as LG, Qcells, and Panasonic, battery backup systems from Tesla, Enphase, and LG, and LED lighting solutions for exterior and interior retrofitting in commercial and governmental applications; the company also offers engineering, procurement, and construction (EPC) services for solar farms and battery storage projects, secured financing for system purchases, and identifies solar farm projects for resale to third parties. SolarMax serves residential, commercial, and government customers primarily in the United States with operations concentrated in California and recent expansion into Texas, while maintaining activities in China for solar farm operations and maintenance; founded in 2008 and headquartered in Riverside, California, it conducts business through subsidiaries across segments in the United States and China. In 2025, SolarMax secured a $127.3 million EPC contract with Longfellow BESS I LLC for a 430 MWh utility-scale battery energy storage system in Pecos County, Texas, set for completion by June 2026, marking a strategic diversification into large-scale commercial projects; the company reported Q3 2025 revenue of $30.6 million, up 383% from the prior year, alongside Q2 2025 revenue growth of 53% to $6.9 million; it signed a memorandum of understanding in December 2024 for cryptocurrency mining solar projects and expanded with new commercial solar initiatives in California.
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