SolarMax Technology, Inc.’s Quiet Period Will Expire on April 8th (NASDAQ:SMXT)

SolarMax Technology’s (NASDAQ:SMXTGet Free Report) quiet period will end on Monday, April 8th. SolarMax Technology had issued 4,500,000 shares in its public offering on February 27th. The total size of the offering was $18,000,000 based on an initial share price of $4.00. During SolarMax Technology’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

SolarMax Technology Price Performance

SMXT stock opened at $9.15 on Monday. SolarMax Technology has a twelve month low of $3.50 and a twelve month high of $13.49.

About SolarMax Technology

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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; financing the sale 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.

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