SolarMax Technology, Inc.
$1.10 N/A 0% 0.2K
California’s Solar Roofing Leader
Company Overview
SolarMax Technology, a US company based in California and founded in 2008, is a leader within the solar and renewable energy sector focused on making sustainable energy both accessible and affordable. SolarMax has established a robust presence in the US and began expanding operations to China in 2016. SolarMax has completed more than 15,000 installations for residential and commercial customers in the US and achieved $96 million in EPC sales in China in 2021.
Looking ahead, SolarMax is poised for robust growth with strategic initiatives that aim to scale commercial solar developement services and LED lighting solutions in the US while extending its footprint in residential solar.
The Company's current commercial project deal pipeline includes $170 million in China and an anticipated $70 million in the US, with expectations for material acceleration in subsequent years. With a solid track record of success, SolarMax is well-positioned to capitalize on the expanding market for photovoltaic and commercial LED lighting solutions.
Value Proposition
SolarMax presents a strong value proposition, grounded in its leadership in the solar and renewable energy sector. Founded in 2008 and based in California, SolarMax has successfully completed over 15,000 installations. Its foray into the Chinese market, which began in 2016 and reached peak annual sales of $96 million in 2021, has notably enhanced the Company’s engineering, procurement, and construction (EPC) services experience, which SolarMax now plans to leverage as it expands commercial operations in the US market.
SolarMax is strategically poised for significant growth, with a current commercial solar development deal pipeline valued at $170 million in China and an anticipated $70 million in the US. SolarMax's ongoing initiatives to scale commercial solar development services, grow its commercial LED lighting solutions segment, and broaden its US residential solar operations are set to capitalize on the growing demand for renewable energy solutions, making it an attractive option for investors.
Partnerships
Investor Presentation
Investment Highlights
Established leader in solar energy
- Founded in 2008, SolarMax Technology has emerged as a frontrunner in the residential solar market in California with 15,000+ installations completed
- Expanded operations into China in 2016, focusing on Engineering, Procurement, and Construction (EPC) services, reaching $96M in sales in 2021
Strategic growth initiatives for 2024 and beyond
- Focused on scaling commercial solar development services in the US
- Leveraging extensive EPC experience from China to accelerate rollout of commercial services in the US, targeting a robust growth trajectory in the solar farm market
- Current EPC deal pipeline: $170M in China and an anticipated $70M in the US; material acceleration expected in US in 2025 and beyond
- Geographical expansion of US residential solar operations
- Continued expansion of LED lighting solutions segment targeting commercial/government customers
- Customers include Caltrans (installing state-of-the-art LED highway message board signs)
- Developing solar-powered EV charging stations; $60M near-term project pipeline with longer-term development targets of 1,000 charging stations over the next 3-5 years
Addressing substantial global market opportunities
- US and China PV markets growing at double-digit CAGRs
- US PV market forecasted to $125B by 2030; China PV market forecasted to surpass $137B by 2030
Accomplished and experienced leadership team
- Strong leadership team with diverse expertise in solar energy, finance, international law, and engineering
Four Pillars of Growth
Scaling Commercial Solar Development Services in the US
High-growth initiative leverages from proven track record in China to capture a leading role in the expanding US solar market.
Geographical Expansion of US Residential Solar Operations
Expanding residential solar operations to new states, tapping into the growing demand fueled by eco-consciousness and favorable policy environments.
Expansion of LED Lighting Solutions Segment
Rapid growth opportunity with proven track record of success delivering solutions for commercial and government customers.
Development of Solar-Powered EV Charging Stations
Advancing sustainable transportation with project-based development of solar-powered EV charging stations for commercial customers.
Sign Up For SMXT Email News Alerts
Disclosure
RedChip Companies, Inc. research reports, company profiles, and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RedChip reports, company profiles, or other investor relations materials and presentations are subject to change. RedChip Companies and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time.
RedChip Visibility is a division of RedChip Companies, Inc. and offers research services to paying clients. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that RedChip Companies Inc. is an investor relations firm hired by certain companies to increase investor awareness to the small-cap equity community.
Stock market investing is inherently risky. RedChip Companies is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles, or in other investor relations materials or presentations that it publishes electronically or in print.
We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov and/or the Ontario Securities Commission (“OSC”) at www.osc.gov.on.ca.
SolarMax (SMXT) is a client of RedChip Companies, Inc. SMXT agreed to pay RedChip Companies, Inc. a $10,000 monthly cash fee, beginning in March 2024, for 12 month of investor awareness services. SMXT also agreed to pay RedChip a one-time fifty-thousand dollar fee for a 10-day national TV ad campaign aired weekdays from July 30 through August 12, 2024.
Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. RedChip investor awareness services include the preparation of a research profile(s), multimedia marketing, and other awareness services.