Powell Max Stock Down While Small Nasdaq Stock Gets Tested
Powell Max Limited shares fell 3.3% to $2.05 Thursday on Nasdaq, swinging between $1.71 and $2.23. The company’s market cap stood at about $3.5 million after a recent 1-for-10 reverse split. Revenue rose to HK$47.6 million in 2025, but net loss widened to HK$23.5 million. Powell Max signed a non-binding deal in March to acquire The Boston Solar Company for up to $9 million.