Ardsley Advisory Partners LP Acquires Shares of 1,725,000 Soluna Holdings, Inc. $SLNH

Ardsley Advisory Partners LP acquired a new stake in Soluna Holdings, Inc. (NASDAQ:SLNH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,725,000 shares of the company’s stock, valued at approximately $2,018,000. Ardsley Advisory Partners LP owned 2.52% of Soluna at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SLNH. Azora Capital LP bought a new position in Soluna in the 3rd quarter valued at $35,000. Focus Partners Wealth bought a new position in Soluna in the 3rd quarter valued at $25,000. Millennium Management LLC bought a new position in Soluna in the 3rd quarter valued at $471,000. Scientech Research LLC bought a new position in Soluna in the 3rd quarter valued at $31,000. Finally, Matauro LLC bought a new position in Soluna in the 4th quarter valued at $28,000. Institutional investors own 23.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Soluna from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.00.

Soluna Stock Up 0.6%

SLNH stock opened at $1.77 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $279.22 million, a price-to-earnings ratio of -1.09 and a beta of 5.08. Soluna Holdings, Inc. has a fifty-two week low of $0.42 and a fifty-two week high of $5.14. The stock has a fifty day moving average of $1.49 and a 200-day moving average of $1.29.

Soluna (NASDAQ:SLNH) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $9.39 million for the quarter. Soluna had a negative return on equity of 64.80% and a negative net margin of 190.87%.

Insider Transactions at Soluna

In related news, CFO Michael Picchi acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $1.63 per share, with a total value of $163,000.00. Following the acquisition, the chief financial officer owned 1,381,250 shares of the company’s stock, valued at approximately $2,251,437.50. This trade represents a 7.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 10.10% of the company’s stock.

Soluna Profile

Soluna Computing, Inc (NASDAQ: SLNH) is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.

The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.