SolarMax Technology (NASDAQ:SMXT) Announces Earnings Results

SolarMax Technology (NASDAQ:SMXT) released its earnings results on Monday. The company reported ($0.08) EPS for the quarter, Zacks reports. The company had revenue of $6.44 million for the quarter.

SolarMax Technology Stock Down 0.8 %

Shares of SMXT opened at $1.19 on Wednesday. SolarMax Technology has a 52 week low of $0.60 and a 52 week high of $15.88. The company has a 50-day simple moving average of $1.40 and a 200-day simple moving average of $1.28.

Institutional Trading of SolarMax Technology

An institutional investor recently raised its position in SolarMax Technology stock. Bank of America Corp DE raised its stake in shares of SolarMax Technology, Inc. (NASDAQ:SMXT) by 451.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,695 shares of the company’s stock after purchasing an additional 18,580 shares during the quarter. Bank of America Corp DE owned 0.05% of SolarMax Technology worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

SolarMax Technology Company Profile

SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.