Solarmax Technology Inc. - Common Stock (SMXT)

PALM BEACH, Fla., Sept. 04, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - A recent report from a Clean Energy industry insider said that: “The U.S. clean energy market is thriving, driven by record renewable deployments and advancing technologies. With solar and wind energy at the forefront, the market is projected to grow further, aligning with sustainability goals and regulatory shifts. Prospects include enhanced grid modernization and increased adoption of electric vehicles and storage solutions which provide ample opportunities for the development of a clean energy market.” According to a new report published by Allied Market Research titled, “U.S. Clean Energy Market Type, and Application: Country Opportunity Analysis and Industry Forecast, 2024–2033.” the U.S. clean energy market was valued at $85.7 billion in 2023, and is projected to reach $198.2 billion by 2033, growing at a CAGR of 8.7% from 2024 to 2033.   The report said: “Clean energy produces minimal greenhouse gas emissions, particularly carbon dioxide (CO2), during its generation and utilization. This includes renewable energy sources as well as geothermal energy, which, while controversial in some respects, produce low CO2 emissions during operation.  The U.S. clean energy market expansion is profoundly influenced by policies and regulations enacted at both national and international levels. Governments worldwide have implemented measures to promote the adoption of clean energy technologies as part of broader efforts to combat climate change and reduce greenhouse gas emissions. Policies such as renewable energy mandates, feed-in tariffs, tax incentives, and carbon pricing mechanisms foster investments in clean energy projects and create a favorable market environment. In addition, international agreements such as the Paris Agreement provide a framework for global cooperation on climate action, further incentivizing the transition to clean energy sources.”   Active companies in the markets this week include: Green Rain Energy Holdings Inc. (OTCPK: GREH), Spruce Power Holding Corporation (NYSE: SPRU), SolarMax Technology, Inc. (NASDAQ: SMXT), VivoPower International PLC (NASDAQ: VVPR), Sunrun (NASDAQ: RUN).

RIVERSIDE, CA / ACCESSWIRE / May 16, 2024 / SolarMax Technology, Inc. (Nasdaq:SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today reported financial results for the quarter ended March 31, 2024.

RIVERSIDE, CA / ACCESSWIRE / April 16, 2024 / SolarMax Technology, Inc. (NASDAQ:SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today reported financial results for its fiscal year ended December 31, 2023.

EQNX::TICKER_START (OTCPK:GREH),(NYSE:SPRU),(NASDAQ:SMXT),(NASDAQ:VVPR),(NASDAQ:RUN) EQNX::TICKER_END

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RIVERSIDE, CA - (NewMediaWire) - February 29, 2024 - SolarMax Technology, Inc. (“SolarMax” or the “Company”) (Nasdaq: SMXT), an integrated solar energy company, today announced the closing of its initial public offering of 4,500,000 shares of common stock at an initial public offering price of $4.00 per share.  Gross proceeds were $18 million, prior to deducting the underwriting discounts, commissions and offering expenses payable by the Company.  In addition, SolarMax has granted the underwriters a 45-day option to purchase an additional 675,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments.  The common stock began trading on The Nasdaq Global Market on February 27, 2024 under the symbol SMXT.