SolarMax Shares Surge 78.5% on $127M EPC Contract, Rank 185th in Trading Volume
SolarMax Technology (SMXT) surged 78.49% on August 5, 2025, with a trading volume of $610 million, ranking 185th in market activity. This follows the company’s announcement of a $127.3 million EPC contract for a 430 MWh battery storage project in Texas. The agreement, secured through its subsidiary SolarMax Renewable Energy Provider, includes full-scope engineering, procurement, and construction services for the system, with completion expected by late 2026. The company also acquired an 8% ownership stake in the project, aligning with its strategic shift toward commercial-scale energy solutions.
The project, located in Pecos County, aims to enhance grid stability in Texas by storing renewable energy for peak demand periods. CEO David Hsu emphasized that this contract validates SolarMax’s expansion beyond residential solar into utility-scale infrastructure, a move expected to diversify revenue streams and reduce sector-specific risks. The company highlighted ongoing supplier discussions nearing resolution, reinforcing confidence in meeting the 2026 timeline. The Texas market’s demand for reliable storage solutions underscores the project’s strategic relevance amid growing renewable energy integration.
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