Millennium Management LLC Has $29,000 Stock Position in SolarMax Technology, Inc. (NASDAQ:SMXT)

Millennium Management LLC reduced its position in SolarMax Technology, Inc. (NASDAQ:SMXT) by 89.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,183 shares of the company’s stock after selling 160,452 shares during the period. Millennium Management LLC’s holdings in SolarMax Technology were worth $29,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in SolarMax Technology by 242.1% in the 4th quarter. Geode Capital Management LLC now owns 417,437 shares of the company’s stock worth $676,000 after purchasing an additional 295,415 shares during the period. Northern Trust Corp lifted its holdings in shares of SolarMax Technology by 505.8% in the fourth quarter. Northern Trust Corp now owns 198,191 shares of the company’s stock valued at $321,000 after purchasing an additional 165,476 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SolarMax Technology by 4,844.9% in the fourth quarter. JPMorgan Chase & Co. now owns 109,232 shares of the company’s stock worth $177,000 after buying an additional 107,023 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of SolarMax Technology by 541.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 72,186 shares of the company’s stock worth $117,000 after buying an additional 60,928 shares during the period. Finally, Barclays PLC grew its holdings in shares of SolarMax Technology by 535.6% during the fourth quarter. Barclays PLC now owns 46,290 shares of the company’s stock valued at $75,000 after buying an additional 39,007 shares in the last quarter.

SolarMax Technology Price Performance

Shares of SMXT opened at $1.10 on Friday. The business’s 50-day moving average is $1.14 and its 200-day moving average is $1.36. The company has a market capitalization of $52.15 million, a price-to-earnings ratio of -2.97 and a beta of 0.70. SolarMax Technology, Inc. has a fifty-two week low of $0.60 and a fifty-two week high of $5.51.

SolarMax Technology (NASDAQ:SMXT) last released its quarterly earnings data on Friday, May 16th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $6.93 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen raised SolarMax Technology from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th.

SolarMax Technology 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.