SolarMax Technology (NASDAQ:SMXT) Releases Earnings Results

SolarMax Technology (NASDAQ:SMXT) posted its quarterly earnings data on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports.

SolarMax Technology Price Performance

Shares of SMXT opened at $1.20 on Tuesday. The company’s 50-day simple moving average is $1.41 and its 200-day simple moving average is $1.27. SolarMax Technology has a 1 year low of $0.60 and a 1 year high of $15.88.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SolarMax Technology stock. Bank of America Corp DE lifted 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 firm owned 22,695 shares of the company’s stock after acquiring 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.

About SolarMax Technology

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.