Solarmax Technology shares surge 100.11% intraday after securing a $127.3M battery storage project in Texas.
ByAinvest
Tuesday, Aug 5, 2025 10:38 am ET1min read
SMXT--
Solarmax Technology, Inc. surged 100.11% intraday after securing a $127.3 million engineering, procurement, and construction contract for a 430 MWh battery storage project in Texas. The company also acquired an 8% stake in the project company, with expected revenue of approximately $127.3 million, reinforcing its strategic shift from residential solar to commercial-scale EPC services.
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