Solarmax Technology Inc. Common Stock (SMXT)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close of $5.20, SolarMax carries a $24.7 million market value. It sells and installs solar and battery systems, LED systems, and does engineering and construction for solar farms. That is a competitive, project-based business, and I see no durable moat in the numbers. In fiscal 2025, the year ended 2025-12-31, revenue was $91.0 million, but net income was -$6.3 million and diluted EPS was -$0.13. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $10.2 million and net income was -$4.7 million, or -$0.98 per diluted share. Fiscal Q1 2026, ended 2026-03-31, showed revenue of $14.8 million and a net loss of $306,684, so the swing to a larger loss is troubling. FairStock's calculations at that close are equally sobering: P/E -2.94, FCF yield -12.5%, Piotroski F-Score 3/9, Altman Z-Score -1.38, and FairStock Score 35/100. Trailing free cash flow is -$3.1 million. The earlier fiscal 2023 result, revenue $54.1 million and net income $434,786, proves the company can occasionally earn a profit, but fiscal 2024's $35.0 million net loss on $23.0 million revenue shows how fragile those profits are. FairStock's computed Lynch category is TURNAROUND, because the latest year was a loss after earlier profits. True turnarounds require cash, discipline, and a repeatable niche. SolarMax has revenue, but not yet profits or cash generation. The price looks speculative rather than cheap.

In plain English: SolarMax Technology sells and installs solar panels, batteries and LED systems, and works on solar farm projects. The business looks weak right now: sales grew in fiscal 2025, but it is still losing money and burning cash. At $5.20 a share, the price looks expensive compared with those losses and cash burn, even though the stock has been very volatile.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer