Geode Capital Management LLC Buys 295,415 Shares of SolarMax Technology, Inc. (NASDAQ:SMXT)

Geode Capital Management LLC lifted its position in shares of SolarMax Technology, Inc. (NASDAQ:SMXT - Free Report) by 242.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 417,437 shares of the company's stock after buying an additional 295,415 shares during the period. Geode Capital Management LLC owned approximately 0.92% of SolarMax Technology worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in SolarMax Technology in the third quarter valued at approximately $27,000. JPMorgan Chase & Co. raised its holdings in SolarMax Technology by 4,844.9% in the 4th quarter. JPMorgan Chase & Co. now owns 109,232 shares of the company's stock valued at $177,000 after acquiring an additional 107,023 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of SolarMax Technology by 541.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 72,186 shares of the company's stock worth $117,000 after acquiring an additional 60,928 shares during the period.

SolarMax Technology Stock Performance

SolarMax Technology stock remained flat at $1.19 during trading on Monday. 45,899 shares of the company were exchanged, compared to its average volume of 251,347. The company has a market cap of $54.54 million, a price-to-earnings ratio of -1.49 and a beta of 1.00. The business's 50-day simple moving average is $1.16 and its 200-day simple moving average is $1.33. SolarMax Technology, Inc. has a 12-month low of $0.60 and a 12-month high of $13.48.

SolarMax Technology (NASDAQ:SMXT - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter. The firm had revenue of $6.44 million for the quarter.

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.